Home Reach

With Home Reach, you buy a share of your chosen home and pay a low monthly rent on the part you don't buy. You get to choose whether you buy a bigger share of a lower priced home or a smaller share of a more expensive one.*

Everything you need to know

8 Steps to your Home Reach property

Home Reach can make homeownership possible with 50% part buy - part rent. It can take just 8 steps to reach your dream home and invest in your future.

  • 1. Register your interest online or visit one of our developments. Take a look at the map below to find out where you can find a Home Reach property.
  • 2. Complete a financial assessment with an Independent Financial Advisor. This is to ensure you can safely afford to purchase and maintain the monthly costs.
  • 3. Choose the home you wish to purchase now you know what you can afford.
  • 4. Reserve your home by paying a reservation fee. They will then take you through the next steps of your purchase, with 28 days to exchange.
  • 5.Apply for a Mortgage. An Independent Financial Advisor can help take you through this.
  • 6. The legal documentation will need to be completed by your appointed solicitor.
  • 7. It's time to exchange! This is when you pay your deposit, sign your contracts and agree on a moving-in date.
  • 8. Move in on the agreed completion date. You will be able to collect the keys, move in and enjoy your new dream home.

Home Reach… A more affordable way to buy

Smaller deposit requirements and lower monthly payments make it easier to buy the home you've always wanted.

You decide how much of your home you would like to buy, with shares up to 75% (on a small number of developments there is the opportunity to purchase a lower percentage).

You are able to purchase your share with either cash savings or by taking out a mortgage. If you are taking out a mortgage to finance your share, then you will typically need to allow for at least a 5% deposit. The larger your deposit, the lower your mortgage payments will be.

On the share you don’t own, you will pay rent of 2.75% of the unsold value. This will be paid monthly by direct debt.

Who is eligible for Home Reach?

You are eligible to purchase a Home Reach property in England or Wales if:

  • Your household income does not exceed £80,000 per annum for homes outside of London
  • You have a deposit (at least 5% of the share value)
  • You are a first-time buyer or used to own a home, but cannot afford to buy outright now
  • You currently occupy a shared ownership property and are looking to move
  • The shared ownership property will be your principle and only home
  • You have passed a financial assessment, demonstrating you are financially able to purchase the minimum share value and support the monthly costs


Home Reach is provided by Heylo. Launched in September 2014, Heylo has created one of the largest home ownership programmes in the UK, offering a number of different routes to ensure owning your own home is accessible.

Taylor Wimpey are working in partnership with heylo to offer Home Reach, a part-buy-part-rent option on selected properties across the country.

Home Reach is simply about helping you get on, climb up and stay on the property ladder.

What's included in your Home Reach lease

The lease sets out:

  • A description of the property including its boundaries and a guide to which parts are your responsibility – if a leasehold property, it will also contain any restrictions or obligations flowing from the superior leasehold title, such as the payment of ground rent
  • The start date of the lease and the share that you have bought
  • The amount of rent that you must pay, together with other amounts due under the lease
  • The rent increase, linked to Retail Price Index plus 0.5% each year
  • Your responsibilities as a leaseholder, such as all repairs and maintenance of the property and those of heylo as landlord under the lease, such as building insurance arrangements
  • The method by which you can purchase additional shares to own more of your home in the future
  • The method by which you can move home, either by selling your share or selling the whole property

What are your rights and responsibilities?

You are responsible for all utilities bills, repairs and redecoration of your property. It’s your place, your space – so make it your own!

The only exception would be if you wanted to make any structural changes. For this you would need to apply in writing to heylo outlining the changes you would like to make. heylo will review the application and will be in touch with a decision or requesting more information.

Once you’ve moved in

Once you've moved in, a member of the heylo team will be in contact.

Your welcome letter will outline who your managing agent will be, they will be responsible for collecting your rent and answering any questions you may have about your property and lease as well as guiding you if you decide you would like to staircase or sell.

Here's how it works

With Home Reach you get to live in the home of your dreams at a cost you can afford right now. As an example, here are a few figures based on a 50% share*

50% Share Value £125,000
10% Deposit of Share Value £12,5000
Mortgage (3.5% Interest rate) £112,500
Monthy Mortgage Payments £569
Monthly rent £286
Monthly Combined Cost £855
Indicative Income Requirements £33,000

Find a Home Reach development


Life in a Home Reach home

*This offer is subject to availability and available on selected developments and plots only. Figures above are an illustrated costs based on a 25 year repayment mortgage and a Home Reach lease with an initial rent of 2.75% on the unpurchased property value increasing by RPI + 0.5% each year. Your home may be repossessed if you do not keep up with payments on your mortgage or shared ownership lease. For exact costings, please speak to an independent financial advisor. Additional service charges may be payable on properties with communal facilities or services. You will also need to consider the responsibilities and associated costs involved with owning a home (such as insurance and maintenance). For more information visit www.homereach.org.uk