Am I Eligible?

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 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 normally unable to assist potential purchasers who have household incomes in excess of £60,000 who want to buy a new home. If you earn in excess of this amount you may still qualify for a resale property, ie. a property that is being sold by an existing New Build Homebuy owner. Use our property search function to see details of available resale properties.

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 properties. Where separate conditions apply we will always aim to include these details on our website and/or the property brochure. Our staff will also be able to let you know if these special conditions apply to a property.

As some of our properties are built with government funding some restrictions may apply on who can purchase. Therefore before arranging an appointment for you to view any of our properties, we need to take a few details from you to check that you are eligible. This is to make sure that we don’t waste your time inviting you to view a property which you are not eligible to purchase. Please note that you only have to provide these details the first time you visit our site.

If you think you meet the above criteria, to apply on-line click here.