How It Works...
4 simple steps to get you onto the housing ladder
Choose your ideal home
You choose your ideal home from any property currently available for sale that is within budget.
Buy your house
Once approved, we will buy the property for you and pay associated costs. We will support you through the entire negotiation process.
Move into your new home.
You sign a 5 year tenancy agreement, fix your rent and move into your new home. You are safe in the knowledge that there are no unforeseen rent hikes and you will have the option to buy in the future.
Share in the house price increase
After 5 years you have an option to buy the property from us, receiving one third of the increase to use as a contribution towards your mortgage deposit to buy your home from us.
Get started with your dream home today!
Too Good To Be True?
Hear from our residents.
Jacques & Laura Serfontein
"Our personal experience with... Homenow has been only one word, exceptional. If I could write it with BIG LETTERS I would. HomeNow guided us all the way through and kept us up to date all the way from day 1. Until the day we moved in HomeNow were there to help us with anything and made us feel like we are someone that Homenow wanted to help."Read More
Richard & Lisa Chapman
“We chose the HomeNow scheme for: security of a 5-year tenancy, fixed rent, the financial benefits, choice and the opportunity to the own the property we are living in. Everything has been we managed by HomeNow.”Read More
Emma & David McGuire
"The HomeNow team has been fantastic. This has been so different to what we have been used to. Choosing our own fixtures and furnishings, honestly for the first couple of weeks I didn’t feel like I deserved it but now I know we do.
We will always be grateful to HomeNow and love our beautiful home. Thank you.”
Have a look through some of our frequently asked questions
We consider applications with adverse credit history:
- CCJs that are over three years old and have been settled.
- IVAs or Bankruptcies that are over three years old from agreement.
- Defaulted payments that are from more than 12 months ago.
If you are unsure whether to apply, we encourage you to fill in your details and book a call with a member of our team.
This is a 5 year tenancy, and you should approach this with the view that you will be in the Property for at least 5 years. We do however understand that people’s circumstances may change.
Therefore, in the circumstances specified below, you may end the tenancy after the first two years by giving at least three months’ notice in writing:
- You have been unemployed for a period exceeding 6 months
- You are diagnosed with a serious illness or disability
- You are required to relocate for work and cannot reasonably be expected to commute from the Property
We encourage you to notify us of any change in circumstance as soon as you are made aware of it.
After 5 years, if the price of the house is lower than or the same as the property was originally purchased for, there will be no increase in value to share with you.
In this instance, and shortly before the end of your 5 year tenancy, we will consult with our fund and assess our ability to extend your tenancy. If an extension is agreed there will be a new tenancy agreement (with a new rent figure fixed for the duration of the new agreement) for a further period of time.
Alternatively, at the end of the 5 year tenancy you are of course free to leave the property.
There are certain criteria that we look for to ensure the property has the best possible chance to increase in value (in line with market expectations) over the 5 year tenancy period. The basic criteria are as follows:
- Freehold properties (houses)
- Properties accepted as generally mortgageable i.e. no mobile homes, park homes, house boats).
- The house must be sold vacant (i.e. no sitting tenant…you can understand why!)
- Old build (not new build homes due to the premium attached on initial purchase)
- Standard construction (built using industry recognised construction methods).
No we do not buy properties available through shared ownership schemes, as we own the property outright from day one.