New Build HomeBuy Leaflet
What is New Build HomeBuy?
New Build HomeBuy formerly known as Shared Ownership is a Government funded scheme that makes home ownership available to first time buyers. The scheme enables first time buyers to purchase a share (usually 50% but some schemes have the benefit of higher and lower shares) in a new home and pay a discounted rent on the remaining share.
Priority will usually be given to council tenants, those who are tenants of a Registered Social Landlord or people who are registered on a Local Authority Housing waiting list.
How to apply for New Build HomeBuy
If you would like to proceed, the first thing to do is complete and return a HomeBuy application form which you can obtain by contacting us on 0845 607 6726 or
Upon receiving this we will make certain checks to ensure you are able to go ahead. We will notify you of our decision within two weeks and your application will be added to our database. Once a suitable property is available for which you can be considered, we will arrange to see you to discuss your application in detail, explain the terms of the New Build HomeBuy lease and answer any questions you may have.
If you are happy at the end of this stage you will be on your way to becoming a home owner.
For more information on New Build HomeBuy call us on: 0845 607 6726 or 0121 322 7377 or email: sales@mercian.org.uk
For further information on properties for sale both now and in the future please click here.