Home Ownership for People with Long-Term Disabilities (HOLD)
- Ownership: Between 10-75% of the home's value
Availability: England only
Overview of scheme
If you have a long-term disability and you are unable to buy a home in another Shared Ownership scheme that meets your needs, HOLD offers you the chance to buy a home on the open market on Shared Ownership terms.
HOLD operates on the same basis as Shared Ownership. As a result, you can buy an initial share of a home worth between 10% and 75% of its market value. You will pay rent to the housing provider on the rest.
You can buy more shares in your home in the future, as and when you can afford to do so. This is known as ‘staircasing’. If you buy more shares, you’ll pay less rent. The amount of rent you pay will be based on the landlord’s share.
You may be able to buy a home through HOLD if you have a long-term disability and meet the following criteria:
- your gross annual household income is £80,000 or less outside London, or £90,000 or less in London
- you are a first-time buyer, you used to own a home but can’t afford to buy one now or are an existing shared owner looking to move
How to apply
To buy a home through a Help to Buy: Shared Ownership scheme contact the Help to Buy agent in the area you want to live.
The government launched a new model of Shared Ownership in April 2021, which will apply to the HOLD scheme. The only part of the new model of Shared Ownership, which may not apply to HOLD is the 10-year period during which housing providers are required to support shared owners with the cost of essential maintenance and repairs to your home. This is because this feature of the new model only applies to new build homes for the first ten years following their completion. As HOLD homes are typically purchased on the open market, many will already be over ten years old.
New model homes should be available to purchase during 2022.