Innovative part-rent/part-buy scheme gains traction with agents

Private shared-ownership proposition similar to Help to Buy offers mortgage free lifeline agents can offer customers who have a deposit of 25%.

estate agents board

An innovative part rent/part buy scheme called Your Home says it is gaining traction with over 200 estate agents signed up including Leaders, Bradley Hall, LSL and Spicerhaart.

Under the proposition, which in many ways is similar to the Government’s now defunct Help to Buy scheme, Heylo Housing Group’s Your Home product acts as a cash buyer and then turns the property into a part buy/part rent home, allowing agents to present their clients with higher value properties.


The Neg revealed last year how customers who purchase their home in partnership with Your Home will put down a minimum of 25% deposit of the home’s full value, then pay rent to Your Home on the remaining share on a 999-year lease, capped at 4.89% for the first year – meaning no mortgage is required.

For example, a client wanting to buy a property valued at £250,000 (minimum household income £26,000) would need a deposit of £62,500. Your Home would then invest the remaining £187,500 and monthly rent on the 75% unowned share in the first year would be £764.06.

Clients then have the option to ‘staircase’ – buy more of the actual property and rent less – as and when it suits, eventually owning 100% of the property and the freehold.

Your Home also pays a £500 referral fee to estate agents for every introduction that becomes a completion.


Agnieszka Skowronek, Head of Your Home, says: “Your Home is a ground-breaking product, which is supporting both buyers and estate agents, especially with the current housing market.

Agnieszka Skowronek, Your Home
Agnieszka Skowronek, Your Home

“We’re thrilled that the past year has seen us partner with more estate agents than ever before, and we look forward to continuing to build these relationships and welcome new Your Home customers into their dream home.

“At Your Home, we understand how difficult securing a mortgage can be, as well as the impact that this is having on estate agents who may be struggling to find the right home for each buyer.

“Through our product, customers don’t need to have a mortgage, just a minimum deposit of 25% – and the remaining property amount is paid through a rent to Your Home.”

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