Your Options

Get onto the property ladder. We're here to help by offering choice and assistance so that more and more people on low and moderate incomes in the areas where we work can afford a home of their own. The options available through MHO are:

MyChoiceHomeBuy

A shared equity product offering as much as 50% or as little as 15% towards the cost of buying a home of your choice on the open market.

New Build HomeBuy

This is your chance to buy a share in a brand new or refurbished home from MHO. You pay a mortgage on the part you own and a subsidised rent on the part you don’t own. You can buy more shares until you own your home outright or you can choose to stay as you are.

Resales

Resale homes offer you the opportunity to buy a previously owned home on a part buy, part rent basis.

Social HomeBuy

This gives local authority and housing association residents the opportunity to buy their home the affordable way.

First Time Buyers Initiative

Brand new homes to buy from new build developers, purchase a minimum 50% initially, pay no fee for 3 years.

Intermediate Rent

Often referred to as 'IR' homes, with intermediate rent you can rent a brand new or refurbished home at less than the market rate. The rent charged is normally 20-30% lower than what you would expect to pay for a similar home in a similar area.

Staircasing

Information on increasing the share you own in your home.

Rent to HomeBuy

A 'rent first, buy later' product to enable would be first-time buyers to try before they buy.

HomeBuy Direct

Announced by the government in early September, 2008, HomeBuy Direct is a new shared equity product designed to help qualifying first-time buyers buy a home direct from a property developer.