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Homes within reach

 
    Your search for a new home starts here

 

We work closely with local authorities and new house builders to provide new affordable homes for sale via an ‘equity loan’. This is available to those who cannot afford to purchase a property outright but who can meet the long term financial commitment of home ownership. To check if you qualify please refer to the Selection Criteria.

The properties are offered for sale on a ‘shared equity’ basis which means you purchase a percentage of the full open market value of the property.  We will contribute the balance which is retained as a Charge on the property.  Unlike your mortgage, there are no repayments to us while you live in your home. 

There are a number of options available to you (which may vary from development to development), for example: 

·        You may purchase between a 50% to 90% equity share in a property in the 1st instance

·        You may increase your equity share at a later date by purchasing additional equity from us (in portions of not less than 10%)

·        You may purchase the whole amount of equity outright from us but this is normally restricted to the first 3 years of occupation

·        You may reduce your equity share by offering a portion to us to buy back if, for example, your circumstances change and you no longer can sustain the existing level of mortgage

·        You may sell your property back to us and revert to a tenant paying rent

The amount of equity share you purchase will be based on your ability to provide an affordable mortgage, together with any savings that you may have. 

*For scheme specific information, please refer to our website

Find out more

This website provides detailed information on the buying options, along with help and advice on how to apply.

If you earn a single / joint salary of approximately £15,000 - £40,000
Homes within Reach could help you get on the housing ladder

Find a home for sale in your area

'Homes within Reach' is not suitable for everyone. Please read the
selection criteria information carefully to be sure you are eligible for consideration.

All the buying options require a purchaser to arrange a mortgage from an approved lender. We therefore strongly advise you to seek your own financial advice. This will provide you with a clear idea of the costs and obligations of home ownership. See 'home buying costs' for more details.

 

Have you registered with homeswithinreach yet?

         
 

 

  Homes within reach is a low cost home ownership scheme that provides assistance to eligible first-time buyers trying to get onto the housing ladder. The scheme is administered by a group of housing associations spread across Wales.