New Build Home Buy

If you would like to buy a home of your own but can’t quite afford to, New Build HomeBuy, also known as shared ownership, may be what you are looking for.

To view all our New Build Home Buy Shared Ownership properties, click here.

New Build Homebuy/ Shared Ownership is a government-funded scheme making home ownership more affordable It is a part-buy, part-rent scheme where you buy a share in a newly built home and pay a subsidised rent on the share you don’t own.

You can usually buy a share of between 25% and 75% of your home. You pay a rent on the share that you don't buy. The bigger the share that you purchase, the less rent you have to pay. The share you purchase is usually funded by a mortgage or mortgage plus savings, which you will need to arrange with a bank or building society. The remaining share you do not own is rented.

When you can afford to do so, you can buy more shares in your property or even purchase you home outright, this is called staircasing.  Please note that this does not apply on our Leasehold Retirement Schemes.

For many people, this scheme will provide an opportunity to own a home in the area in which they want to live and work. 

For further information please download our New Build Information Booklet.  If you have further questions please contact us on 020 8481 8929 or sales@paragonchg.co.uk