Home Reach with Heylo

What is Home Reach?

The Shared Ownership* scheme with Heylo offered by Home Reach is a Part Buy, Part Rent. Its an affordable way to get onto the housing ladder for first time buyers and those who don’t own a home.You can purchase between 50–75% of the home’s market value and pay subsidised rent on the remainder

Currently available on a number of our developments - see below.


How does it work?

You initially purchase between 50–75% of the home’s market value. You then pay subsidised rent. You can buy more of your home in the future and stop paying rent of that part.

Please see below an example of how it works:

Figures above are for illustrated purposes and are based on a 25 year repayment mortgage and a lease with a initial rent of 2.75% on the un-purchased property value increasing by RPI +0.5% each year. Your home may be repossessed if you do not keep up with payments on your mortgage or shared ownership lease. Additional service charges may be payable on properties with communal facilities or services. You may also need to consider the responsibilities and associated costs involved with owning a home (such as insurance and maintenance). Monthly management fee is paid via direct debit to the provider.


What's included in your Home Reach lease?

The lease sets out:

- A description of the property including its boundaries and a guide to which parts are your responsibility – if a leasehold property, it will also contain any restrictions or obligations flowing from the superior leasehold title, such as the payment of ground rent

- The start date of the lease and the share that you have bought

- The amount of rent that you must pay, together with other amounts due under the lease

- The rent increase, linked to Retail Price Index plus 0.5% each year

- Your responsibilities as a leaseholder, such as all repairs and maintenance of the property and those of heylo as landlord under the lease, such as building insurance arrangements

- The method by which you can purchase additional shares to own more of your home in the future

- The method by which you can move home, either by selling your share or selling the whole property


What are you rights and responsibilities?

You are responsible for all utilities bills, repairs and redecoration of your property. It’s your place, your space – so make it your own!

The only exception would be if you wanted to make any structural changes. For this you would need to apply in writing to Heylo outlining the changes you would like to make. Heylo will review the application and will be in touch with a decision or requesting more information.


Am I eligible?

 - Your household yearly income must be below £80,000 to be eligible for the Shared Ownership scheme.

- You will need a deposit of 5% of the percentage of the home you’re purchasing.

- You are first time buyer or used to won a home, but cannot afford to buy 100% of the property now.

 - The property will be your principle and only home

- You have passed a Homes England Affordability calculator, demonstrating you are financially able to purchase the share value and support the monthly costs.

 - You are registered with a Help to Buy agent.


What is the process of buying a home using Heylo?

1. Register with your local Help to Buy agent. (you will be able to register for a general area or a specific housing development)

2. Assessment - you will need to complete a financial affordability assessment with a sales executive or an Independent Financial Advisor. 

3. Choose the home you wish to purchase. once you know your affordability.

4. Reserve your chosen home by paying a reservation fee to the sales executive.

5. Mortgage -you will now need to apply for a mortgage, the sales executive will guide you to the appropriate specialist.

6. Legals - you will need to appoint a solicitor to carry out he legal work for you to act in your best interest.

7. Exchange - is when you pay your deposit, sign your contracts and agree a moving in date.

8. Move in on the agreed completion date, you will be able to collect your keys, move in and enjoy your new home! 

Once you've moved in, a member of the Heylo team will be in contact and a welcome letter will arrive, to outline who your managing agent will be, they will be responsible for collecting your rent and answering any questions you may have about your property and lease as well as guiding you if you decide you would like to staircase or sell.

*Shared Ownership – Terms and conditions apply. This scheme is subject to qualifying criteria and status. Minimum and maximum share values will apply and rent is payable on the unsold share. Only available on selected properties. It is not offered with any other promotion unless by special arrangement by us.


Manor Kingsway Derby,Derbyshire, DE22 3NH

Help to Buy Keyworker Discount Are you a first-time buyer looking to buy a home? Home Reach with Heylo Shared Ownership
ALL PLOTS
RESERVED
development image
  • 2, 3 and 4 bedroom homes
  • Prices from £78,000 to £335,000

Happiness starts at home. To get you moving, we’ve got great incentives to help! 

PART RENT PART BUY homes available from £78,000. 
The price represents 50% share. Shares up to 75% are available. Click PART RENT PART BUY on our available homes page and select refine to reveal these homes.

If you took advantage of this scheme you could save 25% off your monthly bills compared to renting a 2 bedroom home in Derby*!

*Figures are based on a rental value of  £750 and a Part Buy Part Rent home £554 split £179 (rent) & £375,000 (mortgage). All information was provided by The New Homes Group.

Manor Kingsway offers an exceptional collection of two bedroom apartments and two, three and four bedroom homes. The development is just a 6-minute drive from Derby city centre, and on the doorstep of some of the UK’s most beautiful countryside. It’s a great place to live, work and enjoy life.

View our video of Manor Kingsway  development and Westood show home.

Are you buying a home for the first time? Read our guide looking at Mortgages for First Time Buyers.

Do you want to work out how much you can afford? You can use our Mortgage Calculator to find out your mortgage affordability.

Simpson Park Harworth,South Yorkshire, DN11 8JT

Help to Buy Stamp Duty Holiday Extended Keyworker Discount Move for free this winter! Are you a first-time buyer looking to buy a home? Shared Ownership Home Reach with Heylo
ALL PLOTS
RESERVED
development image
  • 3 and 4 bedroom homes
  • Prices from £96,498 to £219,995

Happiness starts at home. To get you moving, we’ve got great incentives to help! 

OFFER: £10,000 deposit contribution! The offer is available on selected homes and T&C's apply. Offer ends 31st May. 

CALL NOW to find out more!

Simpson Park in Harworth is a new build development of 3 and 4 bedroom homes. Situated just off Scrooby Road.

The ceilings and walls will be decorated with a smart white emulsion and all woodwork will be finished in a delightful white satinwood upon completion, giving you a blank canvas to add your own personal touches.

However, additional options are available on tiling and white goods should you already have any specifics in mind.

If you’re looking for a move to Harworth, then look no further than Simpson Park.

Taylor's Green Darwen,Lancashire, BB3 3LD

Part Exchange Stamp Duty Holiday Extended Keyworker Discount Move for free this winter! Are you a first-time buyer looking to buy a home? Shared Ownership Home Reach with Heylo
ALL PLOTS
RESERVED
development image
  • 4 bedroom homes
  • Prices from £274,995 to £299,995

Happiness starts at home. To get you moving, we’ve got great incentives to help! 

OFFER: Beautifully design show home available on sale and leaseback. T&C's apply.

Call to find out more!

Welcome to Taylor's Green, our stunning development of new homes in Darwen. Situated in a delightful market town just south of Blackburn, the town offers the perfect setting to start your journey.

The Pastures Leyland,Lancashire, PR26 6PJ

Stamp Duty Holiday Extended Keyworker Discount Move for free this winter! Are you a first-time buyer looking to buy a home? Home Reach with Heylo Shared Ownership
ALL PLOTS
RESERVED
development image
  • 3 and 4 bedroom homes
  • Prices from £187,995 to £378,995

Happiness starts at home. To get you moving, we’ve got great incentives to help! 

OFFER: 12 months mortgage paid. The offer is available on selected homes and T&C's apply. Offer ends 31st May. 

CALL NOW to find out more!

This stunning collection of 2, 3 & 4 bedroom homes can be found in the pleasant village of Farington Moss on the southern outskirts of Preston. It’s a great place to live, work and enjoy life.

View our Selsdon show home.

Do you want to work out how much you can afford? You can use our Mortgage Calculator to find out your mortgage affordability.

Alston Grange Longridge,Lancashire, PR3 3BD

Help to Buy Part Exchange Stamp Duty Holiday Extended Keyworker Discount Move for free this winter! Move for free this winter! Are you a first-time buyer looking to buy a home? Shared Ownership Home Reach with Heylo
ALL PLOTS
RESERVED
development image
  • 3, 4 and 5 bedroom homes
  • Prices from £119,998 to £429,995

Happiness starts at home. To get you moving, we’ve got great incentives to help! 

OFFER: 12 months mortgage paid! The offer is available on selected homes and T&C's apply. Offer ends 31st May. 

CALL NOW to find out more!

Welcome to Alston Grange, our beautiful development of new build homes in Longridge. Situated amongst the rolling fields of the Ribble Valley, these new properties blend with their surroundings beautifully, providing you with peace and tranquillity. 

Whether you're a first time buyer or a next time buyer, Alston Grange contains a great range of new builds in Longridge, offering something for everybody! Whether you’re a couple or a growing family, you’ll find a property to suit you. 


Are you a first time buyer? Read our First Time Buyers Guide here.

Sycamore Park Driffield,East Riding of Yorkshire, YO25 5YY

Part Exchange Stamp Duty Holiday Extended Keyworker Discount Move for free this winter! Are you a first-time buyer looking to buy a home? Shared Ownership Home Reach with Heylo
ALL PLOTS
RESERVED
development image
  • 3 and 4 bedroom homes
  • Prices from £188,995 to £309,995

Happiness starts at home. To get you moving, we’ve got great incentives to help! 

OFFER: 5% Deposit paid WORTH £9,449, flooring throughout and turf to the rear garden
The offer is available on selected homes and T&C's apply. Offer ends 31st May. 

CALL NOW to find out more!

Welcome to Sycamore Park, a range of stunning 3, 4 and 5 bedroom new build properties located in the pleasant and quaint East Yorkshire market town.

Our new homes in Driffield come in a variety of property styles, meaning there’s sure to be an option that suits your buying preferences and circumstances.