Michael Anthony Estate Agents are pleased to announce a partnership with heylo. Launched in September 2014, heylo has created one of the largest shared ownership property delivery programmes in the UK. In doing so, heylo has helped create a step change in shared ownership housing across England and Wales.
By working in partnership, heylo will be working with a leader in property estate agency in Beds, Bucks and Herts. heylo’s offering ensures more people have the ability to get on the housing ladder, and what’s more, a mortgage is not required.
heylo is a development by Your Home. Your Home brings the low deposit and affordability of shared ownership to many people looking to own their own property. As there is no need for a mortgage, an owner has the right to buy a larger share in that specific property, sell or move at any time. It really is that easy, flexible and shaped around you.
In the past, typically shared ownership has been on “new build” properties. Where heylo differs is properties must be:
- Be of traditional construction
- Be immediately habitable
- Be at least one year old and have had at least one owner
- Not sold at auction
So, with heylo you can have a property of real character that has been built in a different period on a shared ownership. Your dream home could be just a few steps away!
In return Your Home requests the following to utilise this scheme:
- A cash deposit of at least 10% of the current market value of the property you are seeking to purchase
- You must have a good credit history
- A household income below £80,000
- Regular income to support you
All branches of Michael Anthony Estate Agents are proud and delighted to participate in this scheme (Adam, is this correct?). With the initial cost of property ownership stretching the financial means for many buyers, this opportunity allows buyers to access a property they desire without a mortgage. All you need is a deposit.
Contact your local Michael Anthony Estate Agents branch for details on their marketed properties that are available via heylo.
Sadly, this offer is not available to investors, buy to let landlords, if it means you will have two or more properties or if you are looking for a new build property.
For more information, get in touch with your local office today.