Help to Buy Midlands

Help to Buy

Orbit is one of the largest Help to Buy Agents in England and covers the East and West Midlands.  We administer the government’s Help to Buy Equity Loan scheme for this area and we also have information about shared ownership schemes, including how to apply. For more information on these schemes and the application process please visit the Help to Buy Midlands website.


Help to Buy Midlands operate as a Help to Buy agent across the following areas:

  • Coventry & Warwickshire
  • Herefordshire & Worcestershire
  • Staffordshire & Shropshire
  • Derbyshire & Leicestershire
  • Northamptonshire & Nottinghamshire
  • Rutland & Lincolnshire
  • Birmingham
  • Solihull & the Black Country

Help to Buy is the term used for all home ownership schemes. It was previously known as HomeBuy. It includes:

  • Help to Buy equity loan
  • Shared ownership
  • Intermediate rent.

The Homes and Communities Agency (HCA) appoint local Help to Buy agents who:

  • Promote the Help to Buy schemes
  • Guide applicants through the Help to Buy process and
  • Assess applicants to make sure they are eligible and ensure they can sustain a mortgage.

To find out more about the help to buy schemes which are available please check out the following or visit the Help to Buy Midlands website. If you are looking to find a Help to Buy agent in another area you can find these on the Governments Help to Buy website

Help to Buy Equity Loan

The Government launched the Help to Buy equity loan scheme in April 2013.  The scheme makes new build homes available to all home buyers (not just first time buyers) who wish to buy a new home, but may be constrained in doing so – for example as a result of deposit requirements – but who could otherwise be able to sustain a mortgage. Unlike previous schemes, there is no upper income cap for buyers.

Up to a maximum of 20% of the purchase price is available to the buyer through an equity loan funded by the Government through the HCA. There is no interest to pay on this loan for the first five years.

The equity loan will be a second charge on your property and will represent a percentage of the value of your property. So when you pay back the loan, you will pay it back as a percentage of the current market value of your home.

Go to the Help to Buy Midlands website to apply.

Help to Buy Shared Ownership

Shared Ownership is a fantastic opportunity for anyone who wants to get a foot on the property ladder but can’t afford to buy a home on the open market. It allows you to buy a share in a brand new leasehold property (either a house or an apartment) on a part buy/part rent basis and pay a subsidised rent on the part that you do not own.

Most Housing Associations offer shares for sale of between 25% and 75% of the property depending on how much you can afford to purchase and charge rent on the remaining share. The bigger the share you buy, the less rent you have to pay. You will need to be able to raise a mortgage for the share you want to purchase unless you have sufficient money to enable you to do so.

In most cases, as you become able to afford it, you can, if you wish, buy additional shares until you own the property outright. This is known as ‘staircasing’.

Go to the Help to Buy Midlands website to apply.