Part buy-part rent is when you buy a share of a house up to 75%. You would then pay 2.75% rent on the remaining share you did not purchase and this is paid monthly via direct debit. You can purchase more shares in the future until you own the whole property and stop paying rent altogether. You can buy more shares or sell at any time.
When purchasing a part buy-part rent property, you will only need to pay Stamp Duty Land Tax (SDLT) on the price of your share. There is no SDLT due for First Time Buyers buying a part buy-part rent property valued up to £500,000. Your financial advisor or solicitor will be able to give you more information about the fees you need to pay.
The examples below are based on a £230,000 home.
Part buy-part rent based on a 50% share. All figures based on a £230,000 home. Estimated monthly cost is an illustrated figure only, please speak to an Independent Financial Advisor for exact costings. Additional costs such as building insurance, monthly management fee and estate charge are not included in the monthly rent figure or in the estimated monthly cost. Rent is charged at 2.75% of the unsold share value. This increases annually with RPI + 0.5%. Starting shares vary across sites and plots. For more information visit your local Home Reach development. **Assuming rental yield 4.5% per annum.
Complete the form below to start your registration process
*The data protection laws protect your rights when organisations hold or process personal information about you. heylo housing group collects personal information about you that you submit via this website. heylo housing group will hold and process personal information that you have provided or will provide in the future to perform the functions of heylo housing group. heylo housing group relies on the ability to collect and process your personal information that you submit via the website in order that heylo housing group can support you in your property search. heylo housing group are required to keep this information secure and to process it in accordance with the data protection laws. heylo housing group may share your information with third parties in relation to the administration of your application and contractual arrangements, including professional advisers, property vendors and other agencies supporting heylo housing group for the purposes of assisting you in your property search and other service providers. However, it will not be shared with third parties for marketing purposes unless you consent to this and you may withdraw your consent at any time. If you would like to know more about how your personal information is collected and used, please ask for a copy of heylo housing group’s privacy notice by contacting support@heylohousing.com
