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 is changing 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 and 3 bedroom homes
  • Prices from £78,000 to £275,000

OFFER - Plot 268 – £8,000 deposit contribution. Offer ends 31st March. Call to find out more! 

Don’t miss out on the stamp duty holiday!
This year, move into a new home that gives you the space you need to grow. We have a range of stunning homes built to suit your lifestyle with schemes available to help you on your way, but hurry as these end soon. Don’t wait and miss out, find out how we can help you today. Click here for more details.

We are open and safely ready for business. We’ve taken great care to ensure your safety whilst visiting us - you can view our safety pledge here.

Manor Kingsway is an exceptional development featuring 2, 3 & 4 bedroom homes which have won the coveted What House award along with the Green Apple award. It's easy to see why as the development has been superbly landscaped with a mix of beautiful boulevards, avenues and public open spaces.

There is also a distinct variety of homes that create interesting vistas and street scenes. 

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

Kier@Simpson Park Harworth,South Yorkshire, DN11 8JT

Help to Buy is changing Stamp Duty Holiday 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 £88,998 to £249,995

OFFER - Plot 75 - £8,899 deposit contribution. Offer ends 5th March. T&C's apply. Call to find out more!

Don’t miss out on the stamp duty holiday! This year, move into a new home that gives you the space you need to grow. We have a range of stunning homes built to suit your lifestyle with schemes available to help you on your way, but hurry as these end soon. Don’t wait and miss out, find out how we can help you today. Click here for more details.

We are open and safely ready for business. We’ve taken great care to ensure your safety whilst visiting us - you can view our safety pledge here.

Kier@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 Kier@Simpson Park.

Taylor's Green Darwen,Lancashire, BB3 3LD

Part Exchange Stamp Duty Holiday 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 £122,498 to £299,995

OFFER: Plot 32  - Get a stress free move using our Part Exchange scheme. Call to find out more!

Don’t miss out on the stamp duty holiday! This year, move into a new home that gives you the space you need to grow. We have a range of stunning homes built to suit your lifestyle with schemes available to help you on your way, but hurry as these end soon. Don’t wait and miss out, find out how we can help you today. Click here for more details.

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

We’ve taken great care to ensure your safety whilst visiting us - you can view our safety pledge here.

The Pastures Leyland,Lancashire, PR26 6PJ

Stamp Duty Holiday 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
  • 2, 3 and 4 bedroom homes
  • Prices from £77,498 to £254,995

OFFER - Plot 171 -12 months mortgage paid plus carpets. Offer ends 31st March. Call to find out more!

Don’t miss out on the stamp duty holiday! This year, move into a new home that gives you the space you need to grow. We have a range of stunning homes built to suit your lifestyle with schemes available to help you on your way, but hurry as these end soon. Don’t wait and miss out, find out how we can help you today. Click here for more details.


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.
Our marketing suite and show home will be opening in the new year. Register your interest today.

Alston Grange Longridge,Lancashire, PR3 3BD

Help to Buy is changing Part Exchange Stamp Duty Holiday 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 £349,995

OFFER: PLOT 21 - 12 months mortgage PAID plus carpets and a upgraded kitchen. Offer ends 5th March so call now so you don't miss out!

Don’t miss out on the stamp duty holiday! This year, move into a new home that gives you the space you need to grow. We have a range of stunning homes built to suit your lifestyle with schemes available to help you on your way, but hurry as these end soon. Don’t wait and miss out, find out how we can help you today. Click here for more details.

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. 

In addition, if you’re interested in our property for sale in Longridge, then be sure to read up on our Sale and Leaseback scheme.

We are open and safely ready for business. We’ve taken great care to ensure your safety whilst visiting us - you can view our safety pledge here.

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 Sale and Leaseback 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 £92,498 to £309,995

OFFER - Plot 38 - £10,000 deposit contribution plus £1,000 legal fees contribution & flooring included throughout. Offer ends 5th March. T&C's apply. Call to find out more.

D
on’t miss out on the stamp duty holidayThis year, move into a new home that gives you the space you need to grow. We have a range of stunning homes built to suit your lifestyle with schemes available to help you on your way, but hurry as these end soon. Don’t wait and miss out, find out how we can help you today. Click here for more details.


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.

We’ve taken great care to ensure your safety whilst visiting us - you can view our safety pledge here.