Security

Shared ownership provides the security of home ownership. Home Reach can help you open the door to a house you can permanently call home.
Renting can be a convenient option for those looking to keep their options open. Choosing to rent can allow you to move around more frequently. However, it opens you up to rental price hikes, unscrupulous landlords and short-notice evictions.
Shared ownership can provide you with long-term security, as when you purchase a Home Reach property, you are granted a 125-year lease by heylo housing. This gives you the ability to make concrete plans for the future, from raising a family to redecorating your home, or perhaps turning that spare bedroom into a home office for your flourishing business.

Affordable

Deposits for Home Reach properties can be significantly lower than those for equivalent properties purchased via a traditional mortgage. This is because Shared ownership deposits are determined by the share of the property you buy,  not the value of the property you wish to live in.
If you were to choose a £200,000 new-build property, you’d pay a deposit based on the share you choose. If you choose a 50 per cent share of a property, you would need to pay a minimum five per cent deposit. This would cost you £5,000, but with a traditional mortgage, you’d have to pay double that. This makes Shared ownership a much more affordable way to get on the property ladder for those with limited savings.
Shared ownership opens up not only affordable rent payments but affordable deposits, too. Find out how Shared ownership works and check out some examples of how little rent you could pay with a Home Reach property.

Freedom

Home Reach gives you the freedom for home improvements. Rented properties often restrict your ability to make improvements, making it feel like you’re never really settled—but with Home Reach properties, you can decorate and even transform existing spaces in a way that reflects your own tastes, truly making your house a home. What’s more, home improvements can add significant value to your property’s asking price.
We know how important pets can be in our lives, which is why we allow them in our properties. However, we always ask you to seek permission as some managing agents/leases have individual pet policy’s which can restrict these – so it is always good to check beforehand.