Home Reach by heylo housing is a part buy – part rent scheme partnering with national, regional and local housebuilders across England. Launched in 2014, they have opened the door on over 6,000 properties to date for people who thought having their own home was impossible. Available on over 250 developments across England with more than 90 housebuilders, ranging from studio apartments up to 5-bed houses, there is something for any home searching criteria.
With Home Reach you simply find your dream home that is currently offering Home Reach and once you have been financially qualified and approved by your local Help to Buy agent, it’s time to reserve. You buy the share you can afford, up to 75% shares* and heylo housing will purchase the rest. Once bought, you pay rent to heylo at a rate of 2.75% on the share you do not own and get the enjoyment of living in it as if you own it outright. However, owning it outright is not out of the question as when you are in the position to, you can purchase more shares through a process called ‘staircasing’. This means that you buy the initial share that suits you, so if you want that longer term home you can buy a smaller share of a bigger property or for those that want their own space that’s not their forever home, you have the option to buy a larger share of lower priced home.
When you live in a property with Home Reach you can decorate the home to truly make it your own, so paint the walls that colour that you so desperately want but can’t in a property that’s not yours, place the fluffiest carpet to dig your feet into on those cold mornings and put as many frames and decorations on the wall as you please. Not just this, we are totally okay with you having a pet as we believe they are a large part of the home**. Bring Roscoe the dog, Buttons the cat and Hattie the rabbit, we just ask for Tilly the tiger to be left away.
Plus, when you’re a first time buyer, you will be exempt from paying Stamp Duty Land Tax (SDLT) on any property up to the value of £500,000.
*Starting shares vary across sites, for more information please speak to the team. Dependent on affordability.
**Please check with the management team for the development that it is a pet friendly development.
Highgrove Park, Ormskirk, Lancashire
1 & 2-bed apartments
*based on a 50% share with a full market value of £149,950
Highgrove Park is set in the buzzing market town of Ormskirk, Lancashire. Set close to local amenities, providing you with everything you need for day to day living yet the perks of rural living with the leafy location. The development itself has been designed to incorporate contemporary homes mixed with green spaces and cycle pathways to provide for the outdoor lovers.
1 & 2-bed apartments available for 50% shares from £74,975*.
Each home comes with an open plan living, kitchen and dining area, built-in storage and an allocated parking space while the 2-bed apartment offers an ensuite to the master bedroom. The perfect place for first time buyers and commuters alike with the M58 and M6 motorways just a short drive away, providing connections to the nearby cities. When the working week is over you can enjoy Anfield Football Stadium, The Beatles Story Museum, Merseyside Maritime Museum, Formby beach and much more.
*This is an illustrated cost and starting shares vary, please speak to a member of the team on site for more information. Dependent on affordability.