2. What is Housing Options? Govt. funded housing initiative Launched on 1 st April 2006 2 London Homebuy Agents Appointed…

3. Who are the Homebuy Agents?

4. What do Homebuy Agents do? 1 stop shop Share Database Host www.housingoptions.co.uk websitewww.housingoptions.co.uk

5. 5 Housing Options Products New Build HomeBuy & Resales London Wide Initiative (key workers only) Homebuy Direct IMR Rent to Homebuy

6. NewBuild Homebuy & Resales Part Buy – Part Rent Brand new or existing homes Purchase between 25%-75%

7. Homebuy Direct Buy Direct from Private Developer Equity Loan of 30% towards cost of property No interest on equity loan for first 5 years Interest set at 1.75% per annum, increasing on 1 st April at RPI +1%

8. London Wide Initiative For keyworkers only Buyers must buy a share of between 50 and 70% No rent or charge to pay on the unowned share

9. Intermediate Market Rent Rented schemes that charge rents that are set at about 25% below open market rent levels No deposits required Available to all applicants

10. Rent to Homebuy Rent a brand new or existing home for up to 5 years Rent set at 20-30% below market rent levels Can then buy the property under Newbuild HomeBuy terms

11. Who is eligible? All applicants must:  Have savings, or access to, at least £4,000 to cover the cost of buying a home;  Be employed on a permanent contract of employment;  For IMR have at least 6 months remaining on an employment contract  Sell their existing homes if they are home owners;  Have a good credit history; and  In these ‘credit crunch’ affected days….. a deposit of anything between 10% and 25% of the share they wish to buy.

12. What To Do Next? Advise them to fill in an online Housing Options Application form @ www.housingoptions.co.uk;www.housingoptions.co.uk Ask them to call 0845 230 8099 For further information on these products or to search for available properties visit www.housingoptions.co.uk www.housingoptions.co.uk