*We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we'll assume that you are happy to receive all cookies.
Charles Church is working in partnership with heylo to offer Home Reach, a part-buy-part-rent option, only available on new-build properties.
Like Help to Buy, with Home Reach, you buy a share of your chosen home and pay a low monthly rent on the part you don't buy. You get to choose whether you buy a bigger share of a cheaper home or a smaller share of a more expensive home.
You can initially purchase up to 75%* of your chosen home and heylo will become your landlord, granting you a 125-year lease. This means you will be able to live in your home as if you've bought it outright. You can buy more of your home in the future and stop paying rent on that part.
* Starting shares vary across sites, please visit the sales office on site.
You’re eligible to buy a Home Reach property in England or Wales if:
Smaller deposit requirements and lower monthly payments make it easier to buy the home you've always wanted.
You decide how much of your home you’d like to buy, with shares up to 75%, starting shares vary across developments; please see the sites sales office for more information on their starting share options. You’re able to buy your share with either cash savings or by taking out a mortgage.
If you’re taking out a mortgage to finance your share, then you will need to allow for at least a 5% deposit. The larger your deposit, the lower your mortgage payments will be. On the share you don’t own, you will pay rent of 2.75% of the unsold value. This will be paid monthly by direct debit.
*Figures above are based on a 25 year repayment mortgage and a Home Reach lease with an initial rent of 2.75% on the unpurchased property value increasing by RPI + 0.5% each year. Your home may be repossessed if you do not keep up with payments on your mortgage or shared ownership lease. Additional service charges may be payable on properties with communal facilities or services. You will also need to consider the responsibilities and associated costs involved with owning a home (such as insurance and maintenance).
The lease sets out:
You’re responsible for all utilities bills, repairs and redecoration of your property. It’s your place and your space to make your own!
The only exception would be if you wanted to make any structural changes. For this you would need to apply in writing to heylo outlining the changes you would like to make. heylo will review the application to ensure the works are being planned and undertaken properly.
Brackenleigh, Carlisle
Carleton Meadows, Penrith
Coastal Dunes, Lytham St Annes
Speckled Wood, Carlisle
St Georges Walk, Lancaster
Tarraby View, Carlisle
Birch Hill Gardens, Rochdale
Waterside View, Ellesmere
Silver Hill Gardens, Preston
The Willows, Merseyside
Archery Fields, Shrewsbury