These days getting on and moving up the housing ladder can be difficult. Finding the deposit and then getting a mortgage can be a challenge - especially on discounted market sale properties, which is why 'Your Front Door' is here to help.
We know that home ownership means so much more than just bricks and mortar. It's your security, your space, your investment, your place to celebrate, your safe place in the world - home is where the heart is.
'Your Front Door', available from heylo housing, has been specifically created for discounted market sale properties, including starter homes, to make home ownership to more affordable and more accessible to people across the UK.
Let's see if it can help you...
How it works
Your Front Door is a new way to buy a home with just 10% cash deposit...
Just 10% deposit, no need for a mortgage and you're on the housing ladder as a 10% shared owner - with the right to buy a bigger share or buy outright at any time you like!
What is shared ownership?
First off, shared ownership doesn’t mean sharing your home with anyone! Created in the early 1970’s, shared ownership is designed to help people get onto the housing ladder in a more affordable way.
Who can buy?
Your Front Door is available to both first and second time buyers. If you have a sufficient cash deposit, ‘good credit’ and a household income below £80,000 (£90,000 in London) then you may be able to buy with Your Front Door. Whilst you don’t require a mortgage, you will need to satisfy typical affordability criteria to enter into the Your Front Door lease.
What I could afford?
Scroll down to see an example of the deposits and discounts for various house prices and to find out more information about all the costs involved in the Your Front Door process.
Use our quick calculator to get a feel for what discounted property value you could afford