Severn Vale Housing Society

New Build HomeBuy is designed to offer affordable housing by allowing people to part own and part rent a property. So, for example, you may purchase a share in a property (usually 50% but this varies on each development) and rent the remaining share from the Landlord. You can purchase additional shares in the property, this is called staircasing. This would reduce the amount of rent accordingly. This gives you the chance that in time you will own your own home outright. You can of course remain with your initial share as there is no obligation to staircase.

How does it work?

Not all HomeBuy schemes are for newly built properties. Severn Vale Housing Society normally offers the New Build HomeBuy scheme. For more general details of how it all works please look at www.housingcorp.gov.uk and follow the links to New Build HomeBuy. A summary of this site is included in our information pack.

What properties do we have to sell?

Severn Vale Housing Society is constantly striving to provide a diverse range of housing including properties for New Build HomeBuy. We have a number of units planned for the future and we are planning new projects in an array of areas offering different property types and prices. We have developments coming up in the following areas this:

Atherton Close, Shurdington

We have been successful in the past helping people get onto the property ladder on the New Build HomeBuy scheme. Have a look at our past developments page for more details.

How do I apply for a property?

In order to apply for New Build HomeBuy you may need to register with the local council or the New Build HomeBuy agent. Please contact Lorna on 01684 272723 who will be able to advise you on which parties you need to register with for forthcoming and current developments. It is imperative that you contact us as soon as you have an interest in a particular site as delays in registering with the relevant agencies may prevent you from purchasing the home of your choice.

Once you have decided that you want to apply for the New Build HomeBuy scheme you will need to complete our application form. Along with this you will need to send in the last three months bank statements and payslips for all applicants and a valid mortgage certificate or agreement in principle. This can be obtained from your mortgage arranger.

We do not hold details on the system of previous applicants so you will need to complete an application from each time you wish to apply.

For more details please download our General Information Pack.