Buying a home
- living or working in the borough and
- a first time buyer or
- a council or housing association tenant or
- paying high rent to a private landlord or
- earning up to £90,000* per year
... and want to own your own home?
If you fit any of the criteria above, these are the ways we can help…
*Other income restrictions may apply
Register with H&F Home Buy now
Council Shared Equity
Formerly known as Discount Market Sale, this is a low cost home-ownership product where you buy a new build property at a discounted price. The discount will vary depending on the property and sale price. This is possible because when the development was negotiated with the council, this discount was agreed. It's to help low and middle income earners get onto the property ladder.
The purchaser buys the percentage of the property available after the discount. When s/he sells the property, it has to be sold at this same percentage of the property value, which must be agreed by us. Applicants will need a mortgage and/or savings to cover the discounted price of the property.
This enables residents and workers of the borough to buy a share of a newly-built property
You buy between 25 and 75 per cent of a home and pay rent on the remaining share.
Over time you can buy more shares in the property (a process known as stair-casing) and in doing so, you will reduce the amount of rent you pay.
You can keep buying shares in the property until you own the property outright. Once this happens, you stop paying rent.
If you wish to sell the property at anytime, you keep the percentage of the property’s current market value that you own.
These are previously owned Shared Ownership or Council Shared Equity homes that were built and sold in the past and are now being resold by their current owners.
Intermediate rent offers you the opportunity to rent a property at less than the market value. The rent charged is normally approximately 20 per cent lower than what you would expect to pay for a similar home in a similar area if you were renting privately.
As well as being more affordable, you have the assurance that your home is built, managed and let by a housing association.
Intermediate rent has traditionally only been available to key workers, although this choice is now available to other home-seekers who are not high priority for social rent and those who cannot afford to buy a home of their own outright but who would like to save to buy a home in the next five years.
Intermediate rented homes are usually let on an assured shorthold tenancy.
Right to Buy
This scheme offers discounts for council tenants to buy their current homes.
If you are a council tenant and who would like to buy your council property outright, you get a discount of up to £103,900 on the total value of the property.
From 26 May 2015, the qualifying period for the Right to Buy scheme was reduced from five years to three years. This means council tenants will now need a minimum of three years of secure public sector tenancy to qualify for the Right to Buy. However, some properties remain excluded, including those related to your employment and some housing provided specifically for older people or those with disabilities.
How to apply for Right to Buy
Before completing a Right to Buy application form, we advise you to read through the Right to Buy Guide to give you a further insight to the scheme and to use the Right to Buy calculator to check what you can afford.
- Right to Buy application form (pdf)
- Right to Buy brochure (pdf)
- Right to Buy calculator
- Right to Buy guide (pdf)
If you'd like further information about Right to Buy, call us on 020 8753 6464. We are available Monday to Friday 9am to 5pm or email us at h&fHome-Buy@lbhf.gov.uk with subject heading 'Right to Buy'.
Contact details for H&F Home Buy
For more information about the different products, to register an interest, or to discuss which product would best suit your circumstances, please contact us on 020 8753 6464, via email to h&fHome-Buy@lbhf.gov.uk. We are available Monday to Friday, 9 am to 5 pm.
Make an appointment to come and see us
For a specialist one-to-one appointment with an advisor, help with solicitors and finding an independent financial advisor, call 020 8753 6464 or email h&fHome-Buy@lbhf.gov.uk.
Definitions of terms used by councils, solicitors, home buyers and surveyors
- Housing terms used in home buying (pdf 50KB)
- Housing terms used by councils (pdf 51KB)
- Housing terms used by surveyors (pdf 79KB)
Leaseholder after sales - extending your lease, doing works and loft conversions.