Housing Options Jude Burton Places for People Group

What are the options? Home Ownership Staying Put Renting Social HomeBuy Open Market HomeBuy New Build HomeBuy Co-ownership Equity

Outright home ownership Using your own funds to buy your own home. All homes are now built to accessible standards Accessed through the high street estate agents or private purchase Could buy in partnership with another purchaser

Staying Put You can stay in your own home by accessing funding through a Home Improvement Agency. You can get advice on repairs, improvements and adaptations to their properties You can get advice on the local availability of grants, welfare benefits and giving information on loans and mortgages They will inspect the works to ensure that it is done to a satisfactory standard

Renting Have to be in Housing need Housing associations have eligibility criteria depending on your needs Contact your local authority or local associations to discuss your housing need You can apply direct to a Housing Association Or can be considered for specially adapted properties

Social HomeBuy This is run by a Housing Association for customers of the Association to help them purchase their property. The Housing Association makes the decisions about who can buy Customers apply for this via their Housing Association. Can buy either outright or buy a share of the property

Open Market HomeBuy Helps people buy homes with some assistance Existing tenants of a Housing Association Administered by a HomeBuy Agent – a housing association in England that has been appointed to operate the scheme.

New build HomeBuy Homes are sold leasehold Minimum share is 25% Maximum share is 75% You need a mortgage for this An affordable rent is paid on the balance

Co ownership Equity Collective ownership and responsibility for management A home without having to raise a mortgage yourself A bit like a co-operative society Involvement

thank you Any Questions?