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heylo launches Home Reach in Cheshire - a part-buy part-rent option on new-build properties.

PUBLISHED: 14:39 14 August 2018 | UPDATED: 14:49 14 August 2018

Barratt David Wilson - Charlotte Place, Winsford

Barratt David Wilson - Charlotte Place, Winsford

Archant

The aim of heylo is to make home ownership accessible to everyone.

The property ladder is a thing of distant dreams for many people in this day and age.

Launched in 2014, heylo has created a home ownership programme which offers prospective buyers another way to step onto that ladder and own the home they have been dreaming of.

Working in partnership with house builders across the UK, heylo has launched Home Reach - a part-buy part-rent option on new-build properties.

There is no catch or magic involved, Home Reach is simply that, a way to help buyers reach the home they dream of.

The aim of Home Reach is to make home ownership accessible to everyone.

So, how does it work? Home Reach enables the purchaser to buy a share of their chosen home and they then pay a low monthly rent on the part they don’t buy. Buyers get to choose whether they buy a bigger share of a cheaper home or a smaller share of a more expensive home.

Initially, buyers can purchase between 50 – 75% of their chosen home and heylo will become their landlord, granting them a 125-year lease. This means buyers will be able to live in their home as if they’ve bought it outright. They also get the option of buying more of their home in the future and stop paying rent on that part.

There are no catches but there are a small eligibility criteria.

The criteria for eligibility include the buyer’s household income which cannot exceed £80,000 per annum for homes outside of London and they need to have a deposit - at least five per cent of the share value.

Prospective buyers are also eligible if they are a first-time buyer or someone who used to own a home, but cannot afford to buy outright now; the property must be their principle and only home; they have passed a financial assessment, demonstrating they are financially able to purchase the share value and support the monthly costs.

Home Reach has helped many people realise their dreams and own the home they want and need. And with house prices truly out of reach for many, it is becoming increasingly difficult to get to that place on the ladder which is necessary for the needs of modern life.

Why buy 100 per cent of a two-bedroom house when you can buy 50 per cent of a four bedroom property?

For a full listing of Home Reach sites available, please visit – homereach.org.uk/north-west

HOME REACH AVAILABLE AT THE FOLLOWING SITES:

Black Firs Park, Congleton, CW12 4QQ

3 & 4-bedroom homes available, 50% shares from £117,975

homereach.org.uk/black-firs-park-congleton

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Charlotte Place, Winsford, CW7 4AX

4-bedroom homes available, 50% shares from £126,997

homereach.org.uk/charlotte-place-winsford

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Claremont Gardens, LIVERPOOL, L4 1AJ

homereach.org.uk/claremont-gardens-liverpool

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College Gardens, Ellesmere Port, CH65 7BF

4-bedroom homes available, 50% shares from £90,497

homereach.org.uk/college-gardens-ellesmere-port

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Fender Mews, Upton, Wirral, CH46 0QT

homereach.org.uk/fender-mews-wirral

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Gilbert’s Cross, Sandbach, CW11 3WZ

4-bedroom homes available, 50% shares from £172,497

homereach.org.uk/gilberts-cross-sandbach

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Haddington Park, Tarporley, CW6 9UN

3 & 4 -bedroom homes available, 50% shares from £139,497

homereach.org.uk/haddington-park-tarporley

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J One Seven, Sandbach CW11 4AD

3 -bedroom homes available, 50% shares from £118,497

homereach.org.uk/j-one-seven-sandbach

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Kingsbourne, Nantwich CW5 5BS

2-bedroom apartment, 50% shares from £74,997

homereach.org.uk/kingbourne-nantwich

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Lloyd Mews, Alsager ST7 2TJ

3 & 4-bedroom homes available, 50% shares from £100,997

homereach.org.uk/lloyd-mews-alsager

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Low Hill Gardens, Upton CH46 0QT

3 & 4-bedroom homes available 50% shares from £100,997

homereach.org.uk/low-hill-gardens-wirral

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Meadow View, Crewe CW1 4HH

4-bedroom homes available, 50% shares from £124,997

homereach.org.uk/meadow-view-crewe

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Pavilion Gardens, Southport PR8 6PN

3-bedroom homes available, 50% shares from £96,995

homereach.org.uk/pavilion-gardens-southport

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Scholars Place, Alsager, ST7 2HL

4-bedroom homes available 50% shares from £151,497

homereach.org.uk/scholars-place-alsager

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Stapeley Gardens, Nantwich CW5 7LH

4 & 5-bedroom homes available 50% shares from £186,497

homereach.org.uk/stapeley-gardens-nantwich

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Weaver View, Winsford CW7 4AX

3-bedroom homes available, 50% shares from £87,497

homereach.org.uk/weaver-view-winsford

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Winnington Village, Northwich, CW8 4EE

3-bedroom homes available, 50% shares from £97,497

homereach.org.uk/winnington-village-northwich

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