Do I qualify?
We're here to help as many people as possible get on the property ladder, so we'll do our utmost to assist you.
Qualifying for HomeBuy depends upon two elements: eligibility and affordability.
Eligibility
You wont qualify for Homebuy or intermediate rent if; your household income is more than £60,000 per year, your debts are over £15,000 or £20,000 if it includes a student loan or if you already own your own home.
Eligibility is assessed by the local HomeBuy Agent. For the West Midlands this is Orbit First Step.
You need to be aged 18 or over and have a bank account.
If you're not a UK national you will only be eligible to apply for HomeBuy if you have the right to reside permanently in the UK at the time of opting to purchase. If you aren't a British Citizen this means you should have 'indefinite leave to remain' stamped inside your passport. People from member states of the EU/European Economic Area may also apply if you are currently living and working in the UK.
If you are unsure whether you will be eligible, then please give the Homebuy Agent a call on 03458 50 20 50. As they assess eligibility, they will be best placed to give you advice.
Affordability
Affordability is assessed by us at Attwood Homes. We need to ensure that the home we recommend for you is long term affordable. Affordability will depend on your indvidual circumstances and will also vary depending on mortgage lenders. In terms of minimum earnings, we will assess each application individually. So even those on incomes as low as £15,000 may be able to qualify.
For affordability queries, please call Vanessa Latty on 0121 687 3120. Vanessa will be able to advise you through the process and see you all the way from application form to handing over the keys!