Have you ever wanted to purchase your own home but could never afford to do so?
Well now might be your chance!


New and Exciting Schemes now available

The Open Market HomeBuy schemes assist eligible people to purchase their own home on the open market

The 'MyChoiceHomeBuy' Scheme

  • You can lend up to 50% of the value of the home that you wish to purchase from Metropolitan Home Ownership (MHO)

  • You get a mortgage for at least 50% from any lender

  • Small monthly fee of 1.75% is payable on MHO loan in the first instance

  • MHO loan repaid at current market value when the property is sold


The 'Own Home' Scheme

  • You can lend up to 40% of the value of a property from Places For People Housing Asssociation (PFP)
  • You get a mortgage for at least 60% from the Co op Bank
  • Nothing to pay on the loan from PFP for the first five years
  • In the 6th year a fixed interest rate of 1.75% will be charged on the loan from PF
  • After 25 years or term of the mortgage if sooner the loan must be repaid to PFP at current market value

 

To find out more about these schemes and how we can help you get onto the property ladder

CONTACT 'EMHOMEBUY'


Tel: 0844 892 0112

email: emhomebuy@emha.org

www.emhomebuy.org.uk