A more affordable way to buy. Buy up to 75% of your home now, and pay a low rent on the rest.
We’re working with heylo housing to offer Home Reach, which allows you to part-buy-part-rent a new home. Home Reach is available on a selection of our homes around the country. With Home Reach, you decide how much of your home you’d like to buy (with shares up to 75%) then pay rent of 2.75% of the unsold value. So you can stop saving and move sooner than you think.
“Over the years you can actually buy shares until you own it outright”
With Home Reach you get to live in the home of your dreams at a cost you can afford right now. As an example, here’s an illustration based on a 50% share*, but you can obtain up to 75% share.
| Property Value | £250,000 |
| 50% Share Value | £125,000 |
| 10% Deposit of Share Value | £12,500 |
| Mortgage (3.5% Interest rate) | £112,500 |
| Monthly Mortgage Payments | £569 |
| Monthly rent | £286 |
| Monthly Combined Cost | £855 |
| Indicative Income Requirements | £33,000 |
Find out what Home Reach has meant for one of our customers, who was able to buy her home with lower monthly mortgage payments than she expected.
You’re eligible to purchase a Home Reach property in England if:
The lease sets out:
heylo housing is a residential property company with a long term investment strategy to provide affordable housing across the UK.
In partnership with a leading Local Authority, heylo housing’s team of housing, development and finance professionals has already acquired over 900 shared ownership properties across the UK. Learn more about heylo housing.
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