New purchase scheme for Guinness Tenants
Guinness Homes is pleased to announce the launch of a flexible approach to help residents own their own home. The scheme is called Shared Ownership and is designed to help Guinness Tenants, who cannot afford to purchase a home outright, step onto the property ladder.
Option 1 - Part-buy / part-rent your current home
If you currently live in a qualifying property, you may be able to buy your home through Shared Ownership, where you could 'part own' and 'part rent' your current home. You apply to purchase an initial share of your home and pay a discounted rent for the share you don't own. The Guinness Partnership continues to own the share of the property that you do not buy. You can normally buy further shares of the property until you own the property outright.
You will need to be living in a qualifying property to be able to purchase shares in it. You will need to raise funds for your share (usually by way of a mortgage). To find out if your current home is eligible, please call the Marketing and Sales team on 0844 800 2020 or email buyyourhome@guinnesshomes.org.uk.
Option 2 - Part-buy / part-rent a brand new home
If your current home does not qualify for Shared Ownership, you can still apply for the scheme with one of our Brand New homes. Guinness Homes has various developments across the UK, ranging from studio apartments to 4 bedroom detached homes. Details of current New Build properties in your area can be found here.
Successful applicants for both options must have sufficient income to support the initial costs of purchasing a home and the on-going mortgage and/or rent payments. For further details and to establish whether you would qualify, please contact Guinness Homes, the Marketing and Sales team within the Guinness Partnership. Call us on 0844 800 20 20 or send an email to buyyourhome@guinnesshomes.org.uk.
