My Choice Home Buy

MyChoiceHomeBuy

What is MyChoiceHomeBuy?

MyChoiceHomeBuy is a government funded low cost home ownership programme. Its aim is to help first time buyers who cannot afford to buy a suitable home in the area where they live or work.  MyChoiceHomeBuy is a flexible equity loan scheme designed to help households earning between £20-60,000 p.a. to buy their own home on the open market. You will own the home and our loan will be secured by a second charge against the property.

Who can apply?

Eligibility for MyChoiceHomeBuy is targeted at first time buyers who cannot afford to purchase without assistance. The government has prioritised the following groups for assistance under MyChoiceHomeBuy:

How do I apply?

You will need to fill out an application form which you can do at Metropolitan Home Ownership, which will prompt you to register your details and will then allow you to compare an application form. If you would prefer you can phone Metropolitan Home Ownership on 020 8920 7777 and we will send you an information pack.

Why rent when you can buy?

For example £1100 per month to rent versus £825-56 to buy.

*With MyChoiceHomeBuy receive a loan for 50% of a two bedroom apartment with a price of £209,950 and pay £672.47 (based on a sample mortgage at 5.99% for 25 years). The remaining 50% is currently payable at 1.75% per annum, giving a payment of £153.09 per calendar month. Total cost per calendar month is therefore £825-56. Separate arrangement and survey fees apply. Average monthly rental of a two bedroom apartment at UBER is £1,100.00, based on current rental figures.

Further Information

For further details on available properties at UBER please contact the Sales & Marketing Suite on 020 8521 7885 or email uber@higginshomes.co.uk.

* Subject to terms and conditions. MyChoiceHomeBuy cannot be taken in conjunction with any other incentive. Subject to using Higgins Homes’ nominated financial advisor.