HomeBuy Resales
HomeBuy Resales is a simple, affordable way to own your own home without having to stretch yourself financially.
How does it work?
You buy an initial share in one of our desirable previously owned HomeBuy properties and pay a discounted rent on the rest. The share you can buy depends on the portion purchased by the previous owner.
What are the costs?
Make sure you can afford all the costs of buying and owning a home. You will need to pay a valuation fee, legal fees, a deposit, and, if applicable, stamp duty and a mortgage arrangement fee. And once you have moved in, you will also pay rent, insurance, service charges, repairs, council tax, utility bills, and your mortgage if you have one.
Home improvements
Before you carry out any work, you must get written approval from us, and in some cases also from your mortgage lender. You may also need planning permission and building regulations approvals.
Selling your home
You can sell your home at any time. First we will try to find a buyer for you, but if we have not found one after a ce
rtain period of time (usually four to eight weeks), you can sell it on the open market.If you own your home outright and decide to sell it, you must first offer it back to us at its market value at the time of sale. This applies for 21 years once you have bought all the shares in your home.
If a leaseholder dies
If you hold the lease in a single name or as joint tenants, it can be passed on or sold in line with your will or the Law of Intestacy (dying without making a will). If you hold a joint tenancy, the lease automatically passes to the survivor.
Registering for HomeBuy Resales
In order to be eligible for a New Build HomeBuy home, you will need to register with the HomeBuy agent for the area you want to live in:
Berkshire, Oxfordshire or Buckinghamshire
Catalyst
Web: www.catalysthomebuy.org.uk
Telephone: 0845 601 7729
Hampshire
HomesinHants
Web: www.homesinhants.co.uk
Telephone: 02380 628000
Wiltshire, Gloucestershire, Bristol, Dorset, Somerset, Devon, or the West Country
SouthWest Homes
Web: www.southwesthomes.org.uk
Telephone: 0300 100 0021
You can download our step-by-step guide to buying a HomeBuy Resales property here.Interested? Contact us now.
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