The eight easy steps for buying your home from the start to picking up the keys

Register

Register with your local Help to Buy Agent to confirm you are eligible for part buy – part rent.

You are able to register for a general area or specific development.

Find out more and how to register here.

*Please note, registering your interest with Home Reach is not your Help to Buy registration.

Assessment

You will need to complete a financial affordability assessment. This will determine the share value you are able to purchase.

The assessment is conducted by a Financial Advisor, taking into consideration the rent today and in 5 years time, ensuring you can afford and sustain the monthly costs.

The team on site will be able to arrange an appointment with a Financial Advisor or alternatively you can choose your own.

What can you afford to buy?

Once you know the share value you are able to afford, you can choose the home you wish to purchase.

Starting shares vary across developments and plots, the maximum share you can initially purchase is 75%.

Reserve

You will need to pay a reservation fee to secure your home.

The team on site, along with heylo, will take you through the next steps of your purchase, with 28 days to exchange.

Mortgage Offer

Once reserved, if you are purchasing your share with a mortgage, you will need to apply for one. Your Financial Advisor will be able to guide you through the process.

Appoint Solicitors

You will need to appoint a solicitor to carry out the legal work for you and act in your best interest.

Exchange Contracts

Once you’ve paid your deposit, signed contracts and agreed on an anticipated completion/moving in date.

On Completion

On the agreed completion day you can collect your keys, move in and enjoy your new home!

Upon moving in you will receive your welcome letter from heylo. This will detail:
1. The funds collected on completion which will indicate:
- The rent for the completion month and following month
- Admin fee
- Annual insurance
- Service charge for the managing agent (if applicable)
2. Building insurance details
3. Future monthly charges and how to make the payments
4. Warranty details