Like many other London boroughs, Ealing has a severe shortage of homes. This means that only a small number of people are likely to be housed by the council. The following schemes are provided as alternative rehousing options:
Schemes to help you buy your own home:
New Build HomeBuy (previously
called shared ownership)
Shared Ownership resales
Intermediate Market Rent
First Time Buyers Initiative
Rent to Homebuy
London Wide Initiative
HomeBuy Direct
How to apply
Schemes to help you move to a new home:
New
Build HomeBuy
(previously called shared ownership)
This is a part-buy part-rent scheme. The scheme enables
people to buy a share of a newly built property in London. You
usually pay a mortgage on the part that you own, and subsidised
rent on the part that you don't own. You can buy a further share
after buying your home or buy the home outright. Council and
housing association tenants and key workers are a priority for New
Build Homebuy homes.
Read more about New Build HomeBuy
Shared Ownership resales
These are New
Build HomeBuy or
Shared Ownership properties that
are now available for purchase under New Build Homebuy terms
because the existing owners want to sell.
Intermediate Market Rent
This offers you the chance to rent good
quality homes at a subsidised rent. Normally between 20% to 30%
lower than what you would expect to pay for a similar property
in the same area.
First Time Buyers Initiative
(FTBI)
You can buy a share in a home on a designated FTBI
development with government financial assistance (minimum
£25001). You don’t have to repay the part you do not own for
the first three years.
Read more about First Time Buyers Initiative
Rent to Homebuy
This option enables you to rent a newly built home
at a discounted price. The discount on this Assured Shorthold
Tenancy will be a minimum of 20% and could last up to 5
years. When you are ready to buy and it is agreed with your
landlord you can purchase a share under New Build HomeBuy
or leave the home.
London-Wide Initiative
A scheme for key workers only. This is a shared equity scheme
where the government keeps a percentage stake in the home. No
payment is due on the government’s contribution until you sell
the home or leave your key worker profession.
HomeBuy Direct
This scheme helps first time buyers to to buy
a home directly from a property developer with the help of and
equity loan of up to 30% of the property market value. There
is no monthly charge to be paid on the loan for the first 5
years.
Read more about HomeBuy Direct
How to apply
You can get an application form and find out more information
about the above schemes by: