To qualify for a New Build Homebuy property you should not be able to afford the cost of purchasing a property suitable for your needs outright on the open property market. However, you must be able to demonstrate that you can sustain the cost of purchasing a New Build Homebuy property. Generally this means that the mortgage you take out on your new home should not be larger that 3 times your gross household income if you are purchasing jointly or 3.5 times your gross household income if you are buying on your own.

You will need some savings to cover initial purchase costs such as survey fees, legal fees, Stamp Duty Land Tax and a small deposit. Generally you should have savings of at least £2,000, although we will provide advice on the level of savings required for each property. Occasionally some of our properties include cash incentives to help you purchase. These will be detailed on the individual property page if they apply.

We are unable to assist potential purchasers who have household incomes in excess of the following:-

Key workers should not have a gross household income in excess of £60,000

South East
Non key workers should not have a gross household income in excess of £60,000

Key workers should not have a gross household income in excess of £60,000

New Build Homebuy properties are generally for first time buyers. However, there are some circumstances where we are able to assist those who have previously owned their own home. Please contact us to see if you qualify.

There may sometimes be other criteria that you will need to meet for specific schemes. Where separate conditions apply we will always aim to include these details on our website and/or the scheme brochure. Our staff will also be able to let you know if these special conditions apply to a scheme.