New Build Homebuy

Home Ownership in affordable stages

New Build Homebuy is a flexible part buy, part rent option that enables you to buy what you can afford now without over-stretching yourself financially. When you can afford to, you can buy more of your home or even own it out right, at the price it is worth at the time.

Each month, you will pay off some of the mortgage on the proportion of the home you are buying, and pay us rent on the remainder.A management fee, building insurance and for your apartment, a service charge, will also be payable.

New Build HomeBuy is for anyone who cannot afford to buy a suitable home on the open market*, but you will need to meet a minimum household requirement (this is calculated on an individual basis), and must be able to pay for the mortgage valuation or survey, legal fees and stamp duty.A deposit is normally required.We can help you to find a lender and solicitor with affordable housing experience.

MHO only sell affordable homes in London to customers who have applied and been approved for affordable home ownership through Housing Options, London’s gateway to affordable homes in the capital. Visit www.housingoptions.co.uk – going online is the quickest and easiest way to apply or call 0845 230 8099 to request an application pack. *Subject to terms and conditions.

MHO – Visionary, socially responsible and financially secure

Metropolitan Home Ownership creates affordable housing choices for low and moderately paid working households and key workers who are vital to the development and maintenance of thriving communities. Metropolitan Home Ownership is part of the Metropolitan Housing Trust, an MHP business.

We aim to offer properties at 25-75% of their open market value to people who are priced out of first time buying on the open market, and to set low initial rents especially in high value areas.

We build homes that people want to live in, and that enhance the local environment. But our vision takes us further.As well as transforming lives, we contribute to innovative regeneration programmes and new build projects that help to transform areas and encourage strong, culturally diverse and tolerant communities.

These particulars do not constitute any part of an offer. No responsibility is accepted as to the accuracy of either these statements or those made by our staff concerning the mentioned property. Anyone intending to purchase must satisfy him/herself as to the correctness of such statements and these particulars. Metropolitan Home Ownership is a trading name of Metropolitan Housing Trust Limited. Metropolitan Housing Trust is charitable, registered under the Industrial & Provident Societies Act 1965, no: 16337R and registered with the Housing Corporation, no: LO726. Consumer Credit Licence no: 471778.

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