Affordable Housing

Rising house prices, particularly in south-east England, can make it difficult for first time buyers to get onto the property ladder.

Milton Keynes is leading the way in providing innovative ways of making home ownership possible for those who cannot afford to buy 100% of a property on the open market.

HomeBuy is the Government’s new range of low-cost affordable home ownership and rent schemes to help first-time buyers and key workers into their own home.

HomeBuy agents have been appointed by the Housing Corporation as “one-stop shops” providing information packs to applicants and assessing eligibility on home ownership and rental schemes. All HomeBuy agents have been selected for their proven track record in delivering low-cost home-ownership schemes.

The options available under the HomeBuy scheme are:

• New Build HomeBuy, where ownership of your home is shared with a housing association or your local authority;


• Open Market HomeBuy; where you part-buy a property and obtain a loan from the housing association for the remainder; and


• Social HomeBuy, where housing association and local authority tenants are helped to buy their current home.

For more information and to register for HomeBuy, please see the HomeBuy website.