Home Reach is about making home ownership possible.
With Home Reach you buy a share of your chosen newly built home and pay a monthly rent on the part you don’t buy. Your budget will decide the size of the share you buy, rather than the size of your home. So, you might decide to buy a bigger share of a lower priced home or a smaller share of a more expensive home.
You are able to purchase your share in either cash savings or by taking out a mortgage. If you are taking out a mortgage to finance your share, you will need to allow for a minimum of 5% deposit. The larger your deposit (typically 10%) the lower your mortgage repayments are likely to be.
To start with, you can 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 the home as if you’ve bought it outright.
On the share you do not purchase, you will pay rent of 2.75% of the unsold value, this will be paid monthly via direct debit. You can purchase more shares in the future until you own the whole property and stop paying rent altogether.
Starting shares, vary across developments. For more information on the shares available, the sales representatives at the development you would like to buy at will be able to guide you.
Complete the form below to start your registration process
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*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
