NEW BUILD HOMEBUY (NBHB)*

This is your opportunity to buy a share in a brand new home through MHO. You pay a mortgage on the part you own and a subsidised rent on the part you don’t. Then it’s up to you - you can buy more shares until you own the whole of your home or choose to stay as you are.

The option to part rent, part buy (also known as shared ownership) helps you get on the property ladder at the same time as making your monthly housing costs more manageable.

*MHO only sell affordable homes to customers have applied and been approved for affordable home ownership through Housing Options. Visit www.housingoptions.co.uk to make your application or call 0845 2302099 to request an application pack.

INTERMEDIATE RENT (IMR)

You can rent a brand new apartment through MHO from 20% less than the market rate. Intermediate rent homes are usually let on an Assured Shorthold Tenancy basis with a 6 month contract period.

This is a great option for people who are not ready to commit to buying a home or are having difficulty in securing a mortgage.

Our home options of New Build HomeBuy or Intermediate Rent mean that how you move into your new home is up to you. These apartments are available to those who live or work in the east sub regional boroughs (City, Hackney, Barking & Dagenham, Havering, Redbridge, Newham and Tower Hamlets). Please check with the MHO Sales team about eligibility.