Low Cost Home Ownership

Help to buy options

Whatever your situation, there are a range of home ownership schemes - backed by Government - that are designed to make it more affordable for you to buy or rent a home that meets your needs.

Help to Buy Midlands is the Government-appointed agent for this area and should be the first point of contact for anyone looking for a more affordable way to buy a home.

You can find a summary of the home ownership schemes below but for more information please  visit the Help to Buy Midlands website or phone them on 03458 502050

housing

Equity loan

The  Help to Buy Equity Loan scheme is open to both first-time buyers and existing homeowners. 

 

It is designed to help you purchase specific new-build properties priced up to £600,000 from participating registered developers with as little as a 5% deposit.

 

The Government lends you up to 20% of the cost of your new-build home, so you’ll only need to provide a 5% cash deposit and a 75% mortgage to make up the rest. You also won’t be charged loan fees on the 20% loan for the first five years of owning your home.

Find out more about the Equity Loan Scheme

Shared ownership

Depending on how much you can afford, the  Help to Buy Shared Ownership scheme allows you to buy a percentage share of a property while a local housing association retains the other share.

 

It is sometimes known as “part-buy part-rent” because you will then be charged a rental payment on the remaining share owned by the housing association. 

In most cases shared owners can choose to buy additional shares later on to increase their equity.

Find out more about the Shared Ownership Scheme

Find homes in your area

There are a range of shared ownership homes currently under construction across Daventry District.

Visit  Help to Buy Midlands to register your interest, search for available homes in your area, and find out more. 

Please note that some of the schemes listed below may not be advertised yet.


Daventry

  • Monksmoor: 4 x 2-bed houses and 4 x 3-bed houses (Grand Union Housing Group)
  • Badby Road West: 4 x 2- bed houses and 7 x 3-bed houses (Grand Union Housing Group)


Kilsby

  • Daventry Road: a 2-bed bungalow and 5 x 3-bed houses (Grand Union Housing Group)


Long Buckby

  • Station Road: 6 x 2 bed houses and 5 x 3 bed houses (Bromford)


Moulton

  • Boughton Road: 2 and 3-bed houses
  • Sandy Hill Lane: 2 and 3-bed houses


Welford

  • Newlands Road, Welford: 4 x 2-bed houses and 2 x 3-bed houses (Orbit)


West Haddon

  • Northampton Road West Haddon: 2 x 2-bed houses and 2 x 3-bed houses
  • Guilsborough Road, West Haddon (Bromford)


Woodford Halse

  • Byfield Road, Woodford Halse: 2 x 2-bed houses and 2 x 3-bed houses (Orbit)
  • Woodford Meadows, Woodford Halse: 2 and 3 bed houses (BPHA)

 


Woodford Meadows

There are 2 and 3 bed shared ownership properties for sale at Woodford Meadows, Woodford Halse from £50,000.  

Just six miles from Daventry in a picturesque village location, Woodford Meadows is within easy access of both the M1 and the M40 for convenient links to Birmingham, London and the north.   

For more information please view the  Help to Buy website 

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