Help to buy
Help to Buy allows first time buyers, and those looking to move up the property ladder, an opportunity to purchase a new build or existing property priced up to £600,000 with a deposit of just five per cent of the home’s value. Find out more about the Help to Buy Scheme.
Help to Buy ISA
A Help to Buy ISA is a government scheme for first time buyers, offering a boost on the money saved for taking the first step onto the property ladder. Put simply, for every £1 you save the government will give you a further 25p and will match that up to a maximum of £200 each month and up to a grand total of £12,000. So when you save £12,000 of your own money, you’ll actually have £15,000 in the bank to use towards property finances. Find out more about Help to Buy ISAs.
Through Oriel, it is now possible to part-buy and part-rent your home – giving you more options when looking for your dream property. Through the Shared Ownership scheme, you can buy a share of your property – ranging between 25 and 75 per cent – and pay rent on the remaining share. Find out more about Shared Ownership.
Older Person's Shared Ownership
Older Person’s Shared Ownership (OPSO) works in a similar way to shared ownership and allows you to buy a manageable share in your new property. The key difference is that this scheme has been specifically created for over 55s to add flexibility to living costs. The share of the home you can purchase will range from 25 per cent to 75 per cent, depending on your budget. Through this scheme, the maximum share you can own is 75 per cent. Find out more about Older Person's Shared Ownership.