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WELCOME TO HOME-OPTIONS

Home-Options is about choices: it's about where you live, work, train and how you live your life.

Home-Options give you the information you need so you can make the right choices. If you're looking for information on homes to rent from councils and housing associations in Derbyshire, you've come to the right place.

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Low-Cost Housing Options

Discounted Homes

These were properties sold on the open market that were built on council-owned land. Owners who decide to sell have to inform their council that the property is to be advertised. People registered with Home-Options will be informed of the sale prior to the property being advertised on the open market.

For more information, contact your local Home-Options team.

Traditional Shared Ownership

Under this scheme, a housing association will sell you a newly-built property on a part-buy/part-rent basis. This means that you buy a share of the property in the normal way with a mortgage and/or savings, and you pay a subsidised rent to the housing association on the remaining share.

The amount of share you initially purchase is normally between 25% and 75%. If you sell the property, the percentage of the proceeds you receive is equal to the percentage of the property you own. If you wish, you can buy further shares in the property as your financial circumstances improve. Eventually you may be able to own the property outright.

You will need to register with Home-Options to be considered for Shared Ownership properties. Available properties in this scheme will be advertised on this Home-Options website and in the fortnightly property list.

HomeBuy

HomeBuy is a government-funded programme, of low-cost affordable home ownership. It covers the following broad types of product:

Open Market HomeBuy

My Choice Homebuy with Metropolitan Home Ownership, offers equity loans between 15% - 50% to help social housing tenants, waiting list applicants, first time buyers and some key workers onto the property ladder. For further information call 0845 602 7184 or visit their website www.mho.co.uk/.

New Build HomeBuy

New Build HomeBuy is designed to help people who cannot afford to purchase a property outright. It enables eligible people to usually buy either 25%, 50% or 75% of a property by way of a mortgage or cash purchase and you will then simply pay a subsidised rent on the remainder.

Social HomeBuy

Social HomeBuy is designed to enable tenants to purchase a share in the property that they are currently renting. Not all housing associations are able to offer this scheme and it is limited to eligible tenants.

East Midlands Housing Association acts as a 'One-stop shop' offering information, advice and access to low-cost home ownership schemes in the counties of Derbyshire, Nottinghamshire and Leicestershire. By talking to their 'EMIHomeBuy' team you can find out more about government-sponsored home ownership initiatives.

For further information visit their website www.emhomebuy.org.uk or call 0844 892 0112.

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