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HomeBuy Direct

The HomeBuy Direct scheme provides equity loans to help first-time buyers purchase selected new build properties. Homebuy Direct Units are available at Carisbrooke Grange and Hawthorn Meadows Developments.
HomeBuy Direct participants are given help to purchase a new build home from one of our development partners. The purchaser takes out a mortgage to cover at least 70 per cent of the purchase price and this is topped up with an equity loan covering up to 30 per cent of the price. The maximum value of homes purchased through HomeBuy Direct is £300,000.
The equity loan is co-funded by the HCA and the development partner. The total amount that the purchaser pays back on the equity loan component corresponds to the property’s market value at the time of repayment.

Buyer's Guide

The guide gives you an overview of the HomeBuy Direct product. If you’d like to know more, or are interested in applying, please contact your local HomeBuy Agent.

How to apply

The scheme will be open to people with a household income of up to £60,000, who could not otherwise afford to buy a suitable property on the open market in the area where they live or work.
For more information on HomeBuy Direct, please contact your local HomeBuy agent



Page last updated on: 07/09/2010