Poplar HARCA Part Buy

Find out how you can own part of your home

What is Part-Buy?

Instead of buying your home outright, you buy a % based on what you can afford.  You pay rent on the % you can’t yet afford to buy, and can buy more shares over time until you own 100%.

It’s similar to shared ownership which you can find out more about online at www.gov.uk and www.lease-advice.org

Who can part-buy?

If you can answer Yes to all these questions, and are not in living in a block included in a regeneration area, then you’re probably eligible:

  • Over 18
  • Poplar HARCA assured tenant for over 3 years
  • No rent or other arrears
  • Household income less than £90,000 a year
  • First-time buyer
  • Can afford to buy a minimum 10% share

How much will it cost?

You will be buying a leasehold share so check out www.moneyadviceservice.org.uk for useful advice on what costs to expect when buying a property, and once you are a home owner.

There is also a £300 application fee, which will be off-set against the property price if you complete the purchase.

                                                                          

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