A2 Housing Group

A2 Housing Group

A2 Housing Group is one of the largest housing groups in the South East, and firmly established as a long term player within the sector. A2's portfolio includes 15,000 properties across a range of tenures with a development pipeline of a further 3,000 homes over the next three years. Most of A2's current housing stock is located in Surrey, Berkshire, West London, Hampshire, Wiltshire, Buckinghamshire, and Oxfordshire. The Group has an annual turnover of nearly £70m and generates a surplus for reinvestment of more than £10m. A2 also has partnering status with the Housing Corporation.

How does New Build HomeBuy work?

New Build HomeBuy (also known as shared ownership and part buy, part rent) is a form of low cost home ownership which enables you to buy a proportion of a property. This means you own a share in the equity of that property using either a mortgage and/or savings, and pay rent on the part you do not own. At a later stage, you may buy further equity if you wish to do so (this is often referred to as 'staircasing').

You will be able to buy a share of the property based upon a qualified valuer's valuation. The minimum initial equity on a property is dependent on a range of factors including current property prices and affordability in a particular area. The share is likely to fall within a range of 25-50%.

The proportion of the rent you pay is dependant on the percentage you do not own. For example, if you purchase 40%, you pay rent on the remaining 60%.You can, if you wish, staircase to full ownership or you can remain a New Build HomeBuy owner. However, even though you only own a percentage of the property, you will have the normal rights and responsibilities of a full home owner.