Why consider New Build HomeBuy?
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Q: Why consider New Build HomeBuy? |
A:
If someone has a regular income, but cannot afford to buy a property on the open market outright, New Build HomeBuy enables you to gain a foothold on the home ownership 'ladder' at a cost usually less than outright purchase.
This is possible for two reasons:a) The deposit required is less because the shared ownership purchase is obtaining a mortgage only on a portion of the property rather than on the whole of it
b) You will probably pay less each month in comparison with buying outright because the rent is calculated on a non-profit making basis.


