LoginSubscribe to Alerts

Home Reach Launches This Month

Posted 21 December 2021 by Keith Osborne

Part buy-rent reant at a new collection of developments in Somerset, Kent, Northumberland and Greater Manchester...

The Home Reach scheme, offering a first step on the property ladder through a combination of buying and renting a brand new home, has just been launched at developments across England.

Home Reach is a partnership between housing provider heylo and a number of housebuilders across England which gives buyers who meet the eligibility criteria the opportunity to ‘part buy-part rent’ a brand new home. You can purchase a share of a new build home (usually starting at 50%) and pay a subsidised rent on the remainder, with heylo as the landlord. The scheme is offered on selected plots at a development and provides all the benefits of homeownership but requires a much smaller deposit (5% of the share price) and a smaller mortgage than when purchasing outright. Over time, owners can buy further shares as their budget allows, until they own 100%.

In Paulton, Somerset, Bovis Homes is building High View, with architectural design reflecting the traditional regional and a thoroughly modern interior layout and specification. The village setting offers proximity to countryside but for those needing town and city access, the likes of Bath, Bristol and Frome are an easy drive away. Buyers can consider one of the units in the Somer Apartments block here. They offer a dual-aspect kitchen/dining/living room, main double bedroom with en suite, a smaller second bedroom and a bathroom, with a useful storage cupboard off the hallway. Through Home Reach, a 50% share is priced from £100,975, based on a full market value of £201,950. This will require a minimum of 5% deposit from £5,049.

For house-hunters in Kent, Barratt Homes’ Aylesham Village development might be an ideal choice. This also offers the benefits of semi-rural living with proximity to major urban locations, with the A2 providing direct connections to Dover and Canterbury (and further on to the Medway Towns and into south-east London). Folkestone is also only 20 minutes or so away. Home Reach is available on a range of apartments here. A one-bedroom home comes with open-plan kitchen/living/ding room, double bedroom and bathroom and a 50% share is priced from £82,498 (full market value £164,995), requiring a minimum of 5% deposit from £4,125. For more space, £92,498 buys a 50% share of an apartment with one double bedroom, a second single bedroom or home office, a dual-aspect fitted kitchen/living/dining room and a family bathroom. The home has a full market value of £184,995 and will need a minimum 5% deposit of £4,625.

‘Bell’ at Cat I’ Th’ Window ‘Bell’ house type at Cat I’ Th’ Window

Cat I’ Th’ Window is the characterful name of a Wainhomes development in Wigan, where Home Reach has just been introduced. Positioned on the periphery of Standish town centre which is well served by independent shops, amenities , restaurants and pubs, it’s around 15 minutes’ drive to Wigan and the nearby M6 provides convenient journeys to the likes of Preston and Warrington. A variety of two-bedroom homes here are for sale through Home Reach. There are apartments but also houses, including the ‘Bell’. This comes with a kitcher/diner, a separate lounge, a downstairs WC, understairs storage, a family bathroom and two double bedrooms. This starts at £78,975 for a 50% share (based on full market value from £157,950), which will require a minimum of 5% deposit from £3,949.

In Northumberland, Home Reach is now available at The Paddocks, a Northumberland Estates development located halfway between Morpeth and Alnwick and about 30 miles from Newcastle. Each home here has either a garage or driveway for private parking and has a generous garden, with some plot boundaries are marked out by the centuries-old existing hedgerows. An ideal home for young families here can be purchased via Home Reach. The ‘Coquet’ is a three-bedroom semi-detached house type priced from £125,000 for a 50% share (full market value from £250,000, and with a minimum of 5% deposit from £6,250). Downstairs are a living room leading to a kitchen/dining room, off which is a utility room and WC. Two of the bedrooms are generous doubles with built-in storage, the third is a single room and the layout is completed by a family bathroom and off-landing storage.

Find out more about home across England available with Home Reach.

 

Featured Developments
Aylesham, Kent CT3
Price on application
Aylesham Village
Aylesham, Kent CT3 
Contact for more details
Home Reach
Standish, Greater Manchester WN6
Price on application
Cat I' Th' Window
Standish, Greater Manchester WN6 
Contact for more details
Home Reach
Morpeth, Northumberland NE65
£125,000 (from 50% share)
The Paddocks
Morpeth, Northumberland NE65
3 bedroom properties
Home Reach
Save time and contact all housebuilders at once
Select the developments you're interested in and we will do the rest.
  • Aylesham Village
  • Cat I' Th' Window
  • The Paddocks
By clicking "Request Details" I accept the Terms and Conditions and Privacy Policy and I am happy to receive more information about the above or other developments similar from WhatHouse? Digital or these developers. I understand that consent isn't a condition of purchase for any product or service and that I can opt out at any time.
The housebuilder will use these details to contact you about this property/development to arrange a viewing or provide you with more information.
High Moor View (Allison Homes)
20 May 2022
Leading housebuilder Allison Homes is hosting a launch event for its brand new High Moor View development in Winkleigh, Devon…Read more
Spring Acres (Hyde New Homes)
20 May 2022
New two- and three-bedroom homes are released for sale at Spring Acres in Bapchild on Saturday 21 May...Read more
Montague Point (Crest Nicholson)
20 May 2022
Crest Nicholson has unveiled a wide range of new homes for sale in Warwick, Nuneaton and Kenilworth...Read more
Harpers Place (Paul Dubberley/Connells)
12 May 2022
Prices start at £30,000 for a share of a brand new apartment at Harpers Place thanks to the Home Reach scheme...Read more
Tia at home at Oak Farm Meadow
10 May 2022
Tia feels ready to face the world on her own after securing a new house under the Home Reach initiative...Read more
Stockwood Gardens (Home Reach)
6 May 2022
A range of brand new homes across East Anglia are available via the Home Reach ‘part buy-part rent’ scheme...Read more
Sign up for email alertsGet the latest properties and updates sent directly to your inbox daily, weekly or immediately you are in control.
Subscribe to Alerts
A Guide To Part Buy Part Rent
With Home Reach you buy a share of your chosen newly built home and pay a monthly rent on the part you don’t buy. Your budget will decide the size of the share you buy, rather than the size of your home. So, you might decide to buy a bigger share of a lower priced home or a smaller share of a more expensive home.

Click here to see your activities