HOLD uses shared ownership to enable disabled individuals with a range of different impairments to part buy (together with a Housing Association) a home of their own. You can purchase a home from the open market or a Housing Association development. You'll purchase a share (typically 25% - 75%) using an interest only mortgage, the Housing Association buys the remaining share and charges you rent (paid for by Housing Benefit). You're free to remain in your home for as long as you wish, with the mortgage being repaid when the property's sold. The mortgage itself is paid through Support for Mortgage Interest (SMI) with an additional top up payment being made from your other benefits (NB: SMI's a loan which is repaid from any equity left on your share when the property's eventually sold, the sum repaid CANNOT exceed this remaining equity so any shortfall will be written off). To ensure that you have sufficient income to make these payments this model is only open to buyers on High or Middle Rate Care Disability Living Allowance (DLA) or PIP equivalent. We also insist on a number of other strict qualifying criteria. You must be:
If you meet these criteria and have spoken with us to go through a few simple eligibility questions (otherwise you may be completing the form when you're not eligible) you can now complete your Pre Mortgage Application Form here!
To find out more about the process involved in buying a home using HOLD please download a copy of our comprehensive MySafeHome Guide to Buying a Home of Your Own. If you need any assistance at any stage please email email@example.com.
We are delighted to be featured in a major article on Learning Disability Today's website.
Where I Want to Live is a national charity that promotes the vision of a country where all adults with a learning disability have a choice about where and how they live.
We would like to wish all those we have been privileged to work with and everyone who supports us a very Merry Christmas and a Happy New Year.