Low Cost Home Ownership Schemes
This page contains information about government sponsored home ownership schemes, who is eligible and East Midlands HomeBuy - the scheme provider for Nottingham City.
Low cost home ownership schemes provide a step onto the housing ladder for people who could not otherwise afford to buy a home on the open market. They provide financial assistance in the form of a loan or equity share enabling people to buy and live in their own home. The schemes are sponsored by the government and provided by a 'HomeBuy agent'. East Midlands HomeBuy is the HomeBuy agent for homes in Nottingham.
Not everyone is eligible for assistance through the schemes. However, you may qualify for a low cost home ownership scheme if you are:
- a council tenant;
- a housing association tenant; or
- a first-time buyer with a household income of less than £60,000 per year and who can't afford to buy a property on the open market without help.
To find out if you are eligible for a low cost home ownership scheme contact East Midlands HomeBuy on 0844 892 0112 or visit their website.
East Midlands HomeBuy is the official HomeBuy agent for homes in Nottingham. Their website is a one-stop shop for everything you need to know about low-cost home ownership. They currently offer six different low cost home ownership schemes, all specifically designed to suit different circumstances. For more information about the schemes, who qualifies and which scheme may be the right one for you, please contact them by phone on 0844 892 0112 or visit their website.