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Home Reach Shared Ownership
BUY YOUR BRAND NEW HOME WITH SHARED OWNERSHIP FROM JUST £76,000!!
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What is Shared Ownership?
Our Shared Ownership Homes offer an affordable way to start investing in your future – paying towards your own mortgage and not your landlord’s.
With Home Reach Shared Ownership you can buy between 50% up to 75% of a Dere Street home and a pay a low monthly rent on the part you don’t buy.
How does it work?
With Home Reach, smaller deposit requirements and lower monthly payments make it easier to buy the home you’ve always wanted! You can initially purchase up to 75% of your chosen plot, paying a low monthly rent on the part you don’t buy. You will be granted a lease, which means you will be able to live in your home as if you’ve bought it outright. You can also buy more of your home in the future (up to 100% ownership, this is known as staircasing).
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Who is Eligible?
You are eligible to purchase a Dere Street Homes Home Reach Property if:
- Your household income does not exceed £80,000
- You have a deposit (at least 5% of the share value)
- The property will be your principal home
- You pass a financial affordability assessment
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Home Reach from Heylo Housing
We have partnered with Heylo Housing and their government backed Home Reach product to provide you with peace of mind with our Shared Ownership product.
Established in 2014, growing to become one of the UK’s leading Shared Ownership providers, Heylo works in partnership with national, regional and local housebuilders, as well as local authorities, estate agents and wider stake holders to deliver affordable homes through innovative home moving schemes including Home Reach
Home Reach from Heylo HousingMalden-Kitchen-1
Find out more about Home Reach
Watch this video to see how Home Reach works and brings the dream of home ownership closer.
Home Reach is available on specific plots.
For plot specific information, please visit the sales office.
Home Reach ExplainedOther ways to buy
Just some of the other ways you can buy new!
Help and support
Find our more about navigating the new home buyer journey