Home Reach

What is Home Reach?

Home Reach is a part buy-part rent scheme designed to make home-buying more accessible, meaning those who previously couldn't afford to buy a new home, now may be able to.

When you buy your new Sigma home with Home Reach, you purchase a share of your new home and pay a low monthly rent on the share you don't buy.

How does part buy-part rent work?

A typical plot share might start from 30%, starting shares vary depending on plot, development and will also depend on your affordability.

Part buy-part rent is a way to purchase a share in a property. You can pay for your share in cash savings, or by taking out a mortgage. If you are taking out a mortgage, you will need to allow for a minimum of 5% deposit.

For the share you don’t buy, Heylo will become your landlord and will grant you a minimum 125-year lease. This means you will be able to live in your brand new Sigma home as if you've bought it outright and simply pay them a low monthly rent. As times goes on you can increase the share you own, up to 100% homeownership.

Home Reach is a new build part buy-part rent product by heylo housing group.

More information on eligibility and affordability of using Home Reach to purchase your home can be found at www.homereach.org.uk.