To find out where the properties are located click on the West Yorkshire or North Yorkshire & Humber green boxes below...
You might be eligible to buy a house through the HomeBuy scheme if...
As with most things there are sometimes exceptions to the rules. Please read the HomeBuy Direct Buyers GuideHomeBuy Direct Buyers Guide for more information or call us if you need advice.
HomeBuy Direct is a new product from the Homes and Communities Agency, working in partnership with house builders.
As part of the Government's low cost home ownership initiative, HomeBuy Direct aims to make more new affordable homes available to eligible buyers priced out of the housing market.
Only available in England through local HomeBuy Agents, my4walls is the HomeBuy Agent for West Yorkshire, North Yorkshire and the Humber region.
HomeBuy Direct is limited to only those developements which are taking part in the scheme, all of which are listed on this website.
You buy a minimum of 70% of the market value of a property and the HCA and the house builder will provide equal equity share loans to make up the rest of the full purchase price e.g 30%.
There are no payments on the equity share loans for the first five years. After five years there is a fee of 1.75%, which increases annually in line with inflation. You will need to raise a mortgage to purchase through this scheme. You can also use any savings you may have to contribute as a deposit towards your share.
You should seek the advice of an qualified Independant Financial Advisor (IFA) to find out how much you can borrow.
Before you choose a home or enter into the buying process, you must have your application assessed and be confirmed as eligiable by my4walls.
Remember, if you pay any money for a deposit to reserve a property this is entirely at your own risk.
More information is available in the HomeBuy Direct Buyers Guide.
There are 5 stages in the buying process. Please read the HomeBuy Direct Buyers Guide for full details on this process.
Before you choose a home or enter into the buying process, you must have your application assessed and be confirmed as eligiable by my4walls.
Remember, if you pay any money for a deposit to reserve a property this is entirely at your own risk.
You can apply right now using our online HomeBuy application form.
You can buy additional shares at a later date until you own 100%. This is calculated on the current market value at the time that you purchase the additional shares.
If you purchase through HomeBuy Direct you still have 100% title of your home and you can sell it on the open market without restriction.
If you wish to sell your property, the equity loan is repaid as a percentage of the market value at the time of sale.
Your equity loans are repaid to the HomeBuy agent (my4walls) and the developer when you sell your home. You must repay the same percentage of the proceeds of the sale (ie. if you received equity loans for 30% of the purchase price of your home, you must repay 30% of the proceeds of the sale).
The initiative is making HomeBuy Direct homes available nationally. If you would like to apply you should complete the online application form by clicking on the button below or contact my4walls (your local HomeBuy Agent) to find out more about the availability of HomeBuy Direct in Yorkshire.
* Many HomeBuy Direct developments will close at the end of September 2010, however, a limited number will continue until March 2012 . Please contact us for further details.
