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Legal Fees Paid Offers On Part Buy-Part Rent In Home Counties

Posted 30 June 2021 by Keith Osborne

Home Reach has a limited-time offer worth up to £2,500 on selected plots in West Sussex, Berkshire and Surrey...

First-time buyers who are looking for their modest budget to go further with a ‘part buy-part rent’ scheme could make a considerable saving at West Sussex, Berkshire and Surrey sites right now.

Until 31 July, Home Reach is offering to pay up to £2,500 towards purchasers of on selected plots some of its current developments in Handcross, Wokingham and Redhill.

Home Reach is a partnership between housing provider heylo and a number of housebuilders across England. It is open to first-time buyers who meet the eligibility criteria and is a way of purchasing a share of a new build home and paying a subsidised rent on the remainder, with heylo as the landlord. It offers all the benefits of homeownership but requires a much smaller deposit and mortgage than purchasing outright. If they wish, owners can buy further shares later as their budget allows, until they own 100%.

Hoadlands Grange in the village of Handcross, set within the High Weald Area of Outstanding Natural Beauty and within easy reach of the likes of Haywards Heath, Crawley and Horsham. There are currently a number of two-bedroom homes for sale here.

One is a maisonette with open-plan kitchen/living /dining room off which is a useful utility area, along with two double bedrooms and a family bathroom. This is priced at £131,980 based on 40% share (full market price £329,950). Prices at Hoadlands Grange start at £119,980 for a 40% share of a two-bedroom apartment (full market price £229,950).

Nightingale FieldsNightingale Fields

Nightingale Fields at Arborfield Green is a former military site around four miles from the centre of Wokingham and within easy reach of Reading. There is a whole new garden village growing here, complementing the wide array of homes with new woodland areas and wildlife habitats, allotments, lake, country parks, shops and amenities.

Hirst House is an apartment block and there’s a two-bedroom home which starts at £119,600 for a 40% share (full market price £299,000). The open-plan fitted kitchen/dining/living room has double doors to a Juliet balcony, both bedrooms are generous doubles (with fitted wardrobes to bedroom one), there’s a family bathroom and a large utility cupboard.

The PicturehouseThe Picturehouse

The Picturehouse is an apartment block in Redhill. A one-bedroom unit is currently priced at £104,000 based on 40% share (full market price £260,000). The open-plan kitchen/living/dining room has contemporary worktops and storage fitted with Bosch appliances, a bathroom and double bedroom with built-in wardrobe. This home comes with a private balcony, video entry system, and there’s secure cycle storage in the car park. At £135,000 for a 40% share (based on a full market price of £337,500) is a two-bedroom apartment which also has a balcony off the kitchen/living/dining room. Both bedrooms are doubles, with the bonus of en suite shower room and built-in wardrobe to the master. There’s also a family bathroom.

Find out more about current Home Reach developments across the South East of England.

 

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Featured Developments
Haywards Heath, West Sussex NE71
Price on application
Hoadlands Grange
Haywards Heath, West Sussex NE71
Contact for more details
Home Reach
Redhill, Surrey RH1
£96,250 - £149,000 (from 35% share)
The Picturehouse
Redhill, Surrey RH1 
1 - 2 bedroom properties
Home Reach
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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.

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