HomeBuy Options
First Time Buyers Initiative (Birmingham only)
The First Time Buyers’ Initiative aims to give more people the opportunity to own their own homes by increasing the supply of affordable housing for sale. It is being delivered through the Homes & Communities Agency, the national regeneration agency.
It is a shared equity scheme that aims to help eligible first time buyers to buy a share in a new home. You must buy at least half of the property, and the Homes & Communities Agency will retain the rest. After living in the home for three years, you will pay a charge to the Homes and Communities Agency based on a percentage of the equity you do not own.
Brindley House, Birmingham City Centre - First Time Buyers Initiative development.
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Last updated: 25-02-2010
