Welcome to Home2own, the gateway to affordable housing in Devon, Cornwall, and the West Somerset, Sedgemoor and Taunton Deane areas of Somerset.
Welcome to Home2own. Our website is designed to give you access, help and information about all Low Cost Home Ownership products available including the government's new HomeBuy schemes.
Home2own is the government appointed HomeBuy agent for anyone currently living in the Peninsula area of the South West, which includes Devon, Cornwall and West Somerset, Sedgemoor and Taunton Deane in Somerset. If you live outside of this area you should apply in the first instance to the HomeBuy agent for the area that you currently live in regardless of where you would like to live. Links to other HomeBuy agents can be found in the 'apply for a home' section.
The Home2own service is provided by Westcountry Housing Association, Hatfield House, Hatfield Road, Torquay, Devon TQ1 3HF. Our Home2own team are trained to provide you with the best possible customer service and are ready to offer you help and information.
Telephone us on 0800 975 1915 *
*Please note this number is only free when calling from a BT landline. Alternatively you can call us on 01803 217600.
Do contact us and give us feedback on how helpful our website, and the information that we have provided, has been to you. Your comments and suggestions are valuable to us.
Home2own is designed to help:
a) First Time buyers
b) Those without the resources to buy a suitable home on the open market
c) Those with sufficient resources to afford to buy and sustain low cost home ownership
The following services are available from 1st April 2006:
- New Build HomeBuy - will enable people to buy new homes on a part-buy/part-rent basis where a share in the property is purchased, typically 50% (this can vary between 25% and 75%) and a discounted rent is paid to the landlord on the remaining share. Owners are able to purchase further shares at a later date. For more information please click here.
- Open Market HomeBuy - From 1st April 2008 there are two new products backed by the government to enable you to purchase a property on the open market, which meets your housing requirements. Click here to find out more about these different products.
- Social HomeBuy - offers some tenants of participating housing associations, the opportunity to buy a share in their home. Tenants are advised to contact their own landlord if interested in buying a share of their rented home. Please click here for further information.
- First Time Buyers Initiative - FTBI is an English Partnership funded scheme which provides new build homes on a shared equity basis. For the first three years of FTBI home ownership there is nothing to pay on the Governments equity entitlement. After three years buyers will pay a charge to Government (through a HomeBuy Agent) of one per cent per annum on this entitlement. This charge rises by one per cent annually reaching a maximum of three per cent after five years in the property. For further information please click here.
- HomeBuy Direct - HomeBuy Direct will give eligible first time buyers the chance to buy a new build property. Buyers will be offered an equity loan of up to 30% of the value, co-funded by the government and the developer, free of charge for five years. For more information click here.
- Intermediate Rent - more information about availability to follow.
- Mortgage Rescue - This product is for applicants who are most affected by the credit crunch and rise in mortgage rates. For some extreme cases help might be available in the form of a 'mortgage rescue' scheme. Local authorities will have a major role in this scheme by helping assess applications. Depending on their circumstances, eligible home owners will be offered one of three options. Please click here for more information on these options.
You now need to find out if you are eligible, to do this, please:
- read the guidance notes with the application, please click here to view the guidance notes online
- then complete and return the application form, alternatively you can apply online by selecting the 'apply for a home' icon on the above toolbar
PLEASE NOTE: Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
If you are from the Hereford/Worcester area please click on the following link www.home2own.uk.com
to be directed to your HomeBuy Agent.
Owning your own home is still within reach
