Home Helping Hand Scheme
Hillreed’s Helping Hand scheme has been specifically designed with you in mind. It is not a Shared Ownership Scheme.
Getting onto the housing ladder may seem an unthinkable task, making your next move when you have outgrown your current home may seem just too big a step to take or that investment you would like to make may be just out of reach, whatever your position the Helping Hand Scheme may work for you.
These are the key benefits
- You own 100% of your home at 90% of the price now
- There is no rent or interest to pay for 10 years
- You can pay back the loan at 10% of the open market value at anytime during and upto the 10 years.
- You don’t have to wait you can get the brand new home of dreams right now.
This is how it works
- We fund a maximum of 10% of the purchase price of your new home upto a period of 10 years. We do this by means of a second charge, which allows us to recover our funding when you sell your property or refinance, similar to a building society or bank.
- At the time you decide to do this we ask that the amount to be repaid is linked to the open market value of your home at that time.
- It is as simple as that.
Terms and Conditions
This offer is subject to contract, status, availability and Hillreed Homes terms and conditions. Full details will be supplied on application. The Helping Hand scheme is only available on selected developments and properties and is subject to using our recommended independant financial advisor and solicitors. The Helping Hand scheme is not available in conjunction with any other offers.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT
