Tel. 01423 526705

Social Homebuy Scheme

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Speak To Us About Owning Your Home

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Complete the short form to get the ball rolling with your application. We'll tell you exactly what we need from you, and how quickly we'll be able to submit your application for a fast decision. 

With Social Homebuy you buy a share of your council or housing association home and pay rent on what remains. 

You can get a discount of between £9,000 & £16,000 on the value of your home depending on:

  • Where your home is
  • The size of the share you're buying
  • Whether you already own a share in your home

You must buy at least 25% of your home and have the facility to buy more later. 

The more of your home that you buy, the lower your rent payments will be. 

If you buy more of your home, your rent will go down – because it’s based on how much of the property you rent. Your landlord can charge rent of up to 3% of the value of their share of your home, per year.

For example, your home is worth £240,000 and you buy a 50% share. Your landlord charges you 3% rent on their 50% share. 3% of £120,000 is £3,600 per year. This works out at £300 per month payable in rent.

Who can help you?

Karl Gehrke

Karl began his financial services career just as the world entered the ‘credit crunch’ in 2008, initially working for a large multi-national high street bank before cutting his teeth in the world of mortgage broking with a nationwide estate agency chain. Placing mortgages for clients throughout the economic downturn led to the development of an in-depth understanding of lenders and their criteria. His experience within estate agency makes him ideally placed to guide you through the full home-buying process.

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How Does It Work?

The process is simple. 

Just tell us how much you'd like to borrow, the value of the property and the duration of the mortgage term. 

We'll then search hundreds of products and get back to you with the most suitable ones. You'll know exactly what it's going to cost you, taking into account any introductory rates, the product fees and any subsequent variable rates. 

We'll give you a range of options and then advise you on the one that's perfect for what you need.

Mortgage Advisory Network can help clients all over the UK with our Head Office based in Harrogate, we also have offices in Halifax and Skipton.

Our qualified advisers will consider your needs and recommend suitable products for you. Our customers have come back to us time and time again and come highly recommended, which we believe speaks for itself.

In our experience, every client has slightly different circumstances, yet wants to achieve the same goal, the most suitable mortgage for their needs. Ask the Mortgage Advisory Network Experts.

Mortgage Advisory Network


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The information contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.
Mortgage Advisory Network Limited are an appointed representative of H L Partnership Limited which is authorised and regulated by the Financial Conduct Authority.
Mortgage Advisory Network Limited is registered in England and Wales with company number  09740756.  

 Registered Office: 5 Ivegate, Yeadon, Leeds, West Yorkshire, LS19 7RE.