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Home Ownership (open market)

YOU DO NOT NEED TO BE REGISTERED ON HOME POINT IF YOU ARE SEEKING TO BUY YOUR OWN HOME.

Buying your home is a complex business, but there is a wide range of advice available relating to buying a property whether this is open market or affordable.

Open Market Housing

This is a term which refers to the homes available for sale which you can purchase and own, often financed by a mortgage and/or with a lump sum.  If you have the financial resources available to you, you may wish to purchase a home on the open market. 

Open market housing will provide a range of homes available to meet the needs of the wider community, e.g. flats, houses or bungalows.

The options available will be personal to your own situation and will depend on the ability to obtain a mortgage, how much equity/lump sum you have to invest and whether you can keep up the repayment arrangements.  

You must first find out what your mortgage ability is and what savings/lump sum you have to invest.   This will determine whether you can pursue open market or affordable options.

If you are unable to afford to purchase on the open market having checked your mortgage ability, you should consider Low Cost Home Ownership.