Find part buy part rent homes here Search for new build homes

Welcome to

Part buy part rent is often referred to instead of shared ownership - a housing scheme that was set up by the government to assist those who can not afford to buy a new home.

For first time buyers who are desperate to buy their first home, part buy part rent could be the answer to getting a foot on the ladder. This website explains how it works.

So, what is Part Buy Part Rent?

Part buy part rent allows you to buy a share of a new build property, which you live in as if you owned it outright. The scheme is available through housing associations. It allows you to initially buy between a 25% and 75% share of the property, which you buy with a deposit and a mortgage and you pay subsidised rent to the registered housing association on the share that you have not yet bought. As and when you can afford it you can buy more shares in the property until you own it outright or sell on the share you have if you decide to move. The housing provider does not make money from the rent; it just pays for the finances they have invested in the property. As you purchase more shares and the rent reduces, and when you own 100% of the property you will not need to pay rent at all.

How do I know if I am eligible to buy a part buy part rent property?

> Your household income is £60,000 a year or less – a household is the number of people who are buying the home so it might be you alone or you and your partner.

> You can't afford to buy a home in your area.

> Anyone who rents council or housing association properties.

> First time buyers.

> You may also be able to get help through these schemes if you used to own a home, but can't afford to buy one now.

What do I do next?

In order to find out whether you are eligible for the part buy part rent scheme you need to contact a HomeBuy Agent either by telephone or via the internet ( They will work through your personal circumstances, which will include your income, savings, need for housing, a basic check on your incoming and outgoing expenditure and any local connections you might have.

They will also look at your circumstances from a priority level. For example if you are living in social housing or you military personnel you will have more priority than someone who is living at home with their parents. There is no cost involved to check out whether you are eligible.

Find your part buy part rent property now > Part Buy Part Rent
Find your part buy part rent property now > Part Buy Part Rent

Is the rent increased regularly?

Every year your shared ownership provider will look at increasing the rent. The housing association is not making a profit from the rent but will reinvest the money in order to build more affordable homes. Before you buy, the rise in rents are explained in the lease and will be linked to inflation. Rents cannot be arbitrarily increased and are regulated by the government. It is important to find out what rent you pay on the initial share of the property you won't own, and also ask how much this will increase by on an annual basis.

Do I have to pay a service charge payment?

The service charge is to pay for looking after the communal areas and all the fixtures and fittings. The monies paid will also cover the buildings insurance. It is important to check out what amount the service charge will be before committing to buying a home to ensure you can budget for it.

What do I need to budget for when buying a part buy part rent property?

> You will need to get a mortgage valuation.

> Legal fees – it is a good idea to use a specialist fixed fee panel solicitor who is experienced in part buy part rent.

> Deposit – this is usually 5% - 10% of the value of the property you are purchasing.

> Moving costs.

After I move in what will I have to budget for?

> Mortgage payments.

> Subsidised rent to the registered provider or housing association.

> Service charge, which includes building insurance.

> Utility bills.

> Council tax.

> Contents insurance.

We have part buy part rent homes by...

Taylor Wimpey Persimmon Bellway Charles Church Bloor Stewart Milne
Taylor Wimpey
Charles Church
Stewart Milne

...and many, many more.

© Copyright