Home Reach brings home ownership within reach for Cheshire Buyers

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A property seeker has made the move from Stoke-on-Trent to Alsager using heylo’s Home Reach scheme in partnership with Barratt Homes.

Sarah Bardsley (51) was renting a flat in Hanley after health issues following a brain aneurysm burst left her unable to work for a period of time. However emergency brain surgery and determination meant she got back into a career as a secretary at Heywood Hospital.

Concerned that she wouldn’t be able to get back on the property ladder, Sarah found out about the Home Reach scheme through social media and started looking for properties under the heylo initiative. She recently purchased a property using Home Reach at Barratt Homes’ Lloyd Mews development, located on Dunnocksfold Road in Alsager.

The Home Reach scheme provides an affordable way to step onto the property ladder via a part-buy part-rent agreement with a private landlord. The scheme has already helped thousands of new buyers make their move into the market since it launched in 2014.

Sarah said, “The Home Reach scheme was vital in helping me get on the property ladder following what has been a difficult time with for me. As I only work part time it meant I could move from renting a one bedroom flat to purchasing a three bedroom home in a lovely area.”

Having looked at a number of new build properties, she saw that she could purchase using Home Reach at Lloyd Mews after driving past the development.

She continued, “A new build home meant I would have less to worry about with the maintenance or renovating it to my taste as I could personalise it using the Choices range and there is a warranty in place.

“Christine and Ann, the Sales Advisers at Lloyd Mews were so helpful and explained everything to me and I knew when I saw the development that it was beautifully laid out and the quality was really high.”

Sarah is now living in Maidstone style home at Lloyd Mews with her dog Tinkerbell. The property gives her space for her children and grandchildren to visit which her previous flat didn’t.

“There is a really friendly community at the development, but it’s so peaceful and quiet which is really important to me and I’m enjoying being so close to the countryside. It’s great for dog walks!

“The whole experience has been fantastic, the service from both Barratt Homes and heylo has been brilliant and I was kept up to date and informed the whole time which meant I could relax.”

Lynton Dudgeon, Sales Director at Barratt Homes North West, said, “I’m really pleased that Sarah has found her home at Lloyd Mews after all that she has been through. It’s great to hear that the Home Reach scheme has helped someone so inspirational get back onto the property ladder and settle into a new life.”

David Orchin, MD at heylo, said, “We’re delighted that Sarah was able to purchase her dream home at Lloyd Mews, through our partnership with Barratt Homes. Since our launch in 2014, we’ve helped over 2000 households make home ownership possible through Home Reach.”

There are currently three bedroom homes available with the Home Reach scheme at Lloyd Mews priced from £102,497 for a 50% share. For more information please visit the sales centre, open Monday 12.30pm-5.30pm and Thursday to Sunday 10am-5.30pm.

For more information on the houses available and the Home Reach scheme both at Lloyd Mews and throughout the North West please visit https://www.barratthomes.co.uk/offers/home-reach/ or call 0333 455 3075.

I didn't think i could afford to buy after my divorce but i have a gorgeous new home now thanks to Home Reach

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After her divorce, Dawn McMullen didn’t think she could afford to buy on her own, but she’s now moved to her perfect home at Linden Homes’ Montbray development in Barnstaple, thanks to the Home Reach scheme.

 Dawn, “55 years young”, is an NHS senior healthcare assistant at Barnstaple Hospital. Speaking about her experience, she said: “I was married and we owned our home but when we divorced I found it very difficult to buy with just one salary contributing to a mortgage; the figures just didn’t seem to stack up.  What’s worse is that I hated renting, it was painful to be paying off someone else’s mortgage rather than my own.  

 “I worked consistently and saved up a good deposit but I found myself unable to get out of the renting cycle for eight years and I disliked the lack of control. I used to pay £475 per month for a one bedroom ground floor apartment in Westward Ho! It had night storage heating so it always felt cold and I dreamed of living somewhere warm and comfortable, where I could fix things when I wanted to and decorate how I pleased.”

 She added: “I viewed lots of properties and visited every development locally but Montbray really stood out to me. After speaking to Denise, the sales executive, I learnt about Home Reach, a part-rent-part-buy scheme, and was over the moon that I could afford to buy a beautiful two bedroom apartment at Montbray.

 “I’ve had a great experience moving with Linden Homes and Home Reach has enabled me to get the extra space I need. I have a mortgage on 50 per cent of my home and pay a low monthly rent on the other half. It’s a fantastic scheme and I love the flexibility it provides, as I can easily pay more into the property at any time but know it is mine and that I’ve invested wisely. 

 “The 10 year NHBC warranty that the homes at Montbray include gave me real peace of mind. Everything’s low maintenance – I’m certainly no plumber or electrician and to have everything finished so well is a great comfort, especially to my children, who are always looking out for me. My daughter lives in Torrington and my son is in Exeter, an easy train ride away, so it’s brilliant to be close by and I have a spare room now so my grandsons can stay as well.

 “My new home is gorgeous, it has a fabulous layout and I have to pinch myself that I’ve managed to move and reduce my commute to work at the same time.

 “Home Reach has given me the opportunity to buy a new home and I couldn’t be happier. I’ve had a great experience and want to shout about it so others are aware of how helpful the scheme is – I couldn’t have moved without it.”

 Beverly Rickard, sales manager at Linden Homes, said: “We’re delighted that Dawn was able to buy a new home at Montbray thanks to the Home Reach scheme. It works so well for people who need a bit more space for their money, while offering them flexibility and security.

 “It’s easy to do the maths yourself and think owning your own home or affording the space you need is out of the question, but there are so many initiatives that can help - if you need to raise a bigger deposit, have a property to sell or need lower mortgage repayments – come and visit us and see how we can assist.”

Linden Homes is working in partnership with heylo to offer the Home Reach scheme on selected homes. Wayne Bennett, director of Home Reach, said: “Dawn’s story shows how Home Reach can enable people to secure their perfect home when they didn’t think it was possible. Being able to pay more money into your property at any time is wonderful and offers customers so much flexibility.”

Montbray features an attractive collection of two bedroom apartments, two bedroom coach houses, plus three and four bedroom homes. There are currently three bedroom homes priced from £119,975 with the part-buy-part-rent Home Reach scheme and four bedroom homes available from £169,975, also with Home Reach at a 50 per cent share.

 For more details visit the sales and marketing suite which is open daily from 10am to 5pm, off Tews Lane, Barnstaple, EX31 3XD, call 01271 355 736, email montbray@lindenhomes.co.uk or visit www.lindenhomes.co.uk  


Notes to Editors

What is 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.

With the Linden Homes partnership you can initially purchase up to 75% of your chosen home and heylo will become your landlord, granting you a 125-year lease. This means you will be able to live in your home as if you've bought it outright. You can buy more of your home in the future and stop paying rent on that part.

Media can contact Chloe Osborne (cosborne@heylohousing.com) for more information on Home Reach and part buy – part rent.

 About Linden Homes, Galliford Try’s Housebuilding Division

Linden Homes is the award-winning housebuilding division of Galliford Try, one of the UK’s leading housebuilding and construction companies. The residential developer builds high quality schemes in prime locations across the country, striving to create sustainable new developments.

 Linden Homes is committed to investing in future talent through its management trainee scheme. For the third year running, Linden Homes is a proud sponsor of Women in Property’s (WiP) National Student Awards 2018.

 Linden Homes was named Developer of the Year at the 2016 New Energy and Cleantech awards in recognition of its efforts to place environmentally friendly and renewable energy features at the heart of its developments. Linden Homes was also awarded Silver at the What House? awards in 2016 for Sustainable Developer of the Year.

Building over 3,000 homes annually and committed to the redevelopment of brownfield sites, Linden Homes prides itself on its values of excellence, passion, collaboration and integrity - demonstrating strong ethical standards with openness and honesty. These values have laid the foundation for the company’s success and enabled the housebuilder to earn a reputation as a leader in its field: www.lindenhomes.co.uk.

Media can contact Emma Mackay on 077383 12960 for more information, images and interviews with Linden Homes.

New home buying scheme is the dream solution for Staffordshire family

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A Staffordshire family have been able to buy their dream Bovis Home thanks to a special purchasing scheme which gives house hunters the opportunity to get their foot on the property ladder.

Helen and Gavin Harrington-Jones were keen to buy their first home, but as a family of five that grows to seven at the weekend, saving a deposit for a house which would suit their needs seemed impossible. Until, that is, they discovered the Home Reach scheme at Bovis Homes’ Sancerre Grange location in Eccleshall.

“For the property size we were looking for, we would have been saving up for ages,” says Helen, an HR business partner. “When looking for houses all we could find were three-bedroom homes, but we really needed something bigger. While looking online one day, I discovered a house perfect for us – it was a four-bed available through Home Reach and was just what we were looking for!”

In partnership with housing provider, heylo, Bovis Homes offers the Home Reach scheme at a variety of its locations on a selected range of properties. Purchasers can part-buy part-rent their new home, with the option to increase their level of ownership at any time.

“We had a look around Sancerre Grange and had a chat with the sales advisors to find out more about the homes and the scheme - it was exactly what we were looking for,” says Helen. “The Home Reach scheme was perfect. It’s at our time of life that you need a home with lots of space – but it can be hard to financially afford it.”

Helen and Gavin, who is a postman, reserved the four-bedroom Canterbury, which was the ideal home for them and their children Lexie (11), Lizzie (9), Ellis (4), as well as Noah (12) and Meghan (20), who often visit at weekends.

“The whole process was so simple, and the team were great,” says Helen. “Rachael in the sales centre was fantastic at accommodating us when we visited with the kids to show them around our new home.”

Moving from their rented three-bedroom house six miles away in Stone, the family soon settled into their new house.

“It’s our dream home,” says Helen. “There are enough bedrooms for all the kids and space for friends when they come to stay. When Noah and Megan visit they can have their own space. There is even a downstairs study which means I have a place to go when I work from home.”

“We’re really enjoying living in Eccleshall, it’s a lovely town. We’re within walking distance of the kids’ new schools and there are lots of shops and local amenities. We love it here!”

heylo sponsored "Best Large Housebuilder" at The WhatHouse? Awards 2018

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On 16th November 2018, heylo were delighted to sponsor Best Large Housebuilder at The WhatHouse? Awards.

Running for 37 years, The WhatHouse? Awards recognises the very best new homes in Britain and the companies that build them. Seen as the ‘Oscars’ of the housebuilding industry, celebrating the exceptional standards achieved.

Nicholas McAlpine-Lee, CEO at heylo comments “It was important for us to sponsor these award, as it not only highlights the excellence within the industry, but also gave us the opportunity to celebrate the success of the housebuilders we work in partnership with to offer Home Reach. These housebuilders work hard to expand and promote part buy – part rent as a mainstream route to home ownership.”

Congratulations to all the winners.

For more information on the WhatHouse? Awards and winners - https://www.whathouse.com/awards/2018/

No Stamp Duty for First Time Buyers up to £500,000

Following Autumn Statement, Chancellor Philip Hammond has confirmed that Stamp Duty is to be abolished for all First Time Buyers purchasing a shared ownership (Home Reach) property valued up £500,000.

 The announcement is great news and clearly recognises the importance of the Shared Ownership scheme in helping first time buyers purchase their dream home. 

It also means the vast majority of the Home Reach properties are EXEMPT from stamp duty!

Bovis Homes thoughts on Home Reach . . .

“Having the Home Reach shared ownership product from heylo housing has enabled Bovis Homes to positively assist a number of purchasers onto the housing ladder, who previously have been unable to do so. The Home Reach proposition has been well received by both our sales team and prospective purchasers, and has generated a good number of enquiries from individuals currently struggling to own their own homes. Additionally, access to Home Reach has also benefited Bovis Homes in terms of having a wider range of purchase assistance schemes, which in some cases has provided a competitive advantage within the housing market.”

BOVIS HOMES, 2018

heylo’s Your Home Open Days at Michael Anthony Estate Agent

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Your Home and Michael Anthony Estate Agent are hosting two, free events at the Aylesbury branch of the leading estate agency chain.

Your Home is a twist on part-buy-part-rent, helping homebuyers move into their dream home. Normally only available on new builds, Your Home offers buyers a chance to turn a second-hand property for sale with estate agents into part-buy-part-rent.

Not only available for first time buyers, Your Home can be used by those looking to down size, up-size and relocating. There no need for a mortgage (if you don’t want one) and buyers has the right to buy more or move at any time.

To use Your Home, buyers will need to purchase 10% of the property.

“Michael Anthony Estate Agents are proud and delighted to partner with this innovated business to help more people move to their desired home in their preferred area.”

Buyers are invited to meet the team from Michael Anthony Estate Agent’s and Your Home on:

  • Wednesday 30th May from 18:30 to 20:00
  • Saturday 2nd June 11:00 to 13:30

Address: Michael Anthony, 54 Kingsbury, Aylesbury, Bucks, HP20 2JE (there is car park nearby)

Buyers interested in attending, can register here: http://www.yourhome.org.uk/register-your-details-open-day-events

For more information on Your Home visit www.yourhome.org.uk

heylo signs Covenant pledging to support UK Armed Forces

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On 25th April 2018, heylo signed the Armed Forces Covenant, pledging its commitment to fair treatment and support to the Armed Forces community, including regulars, reserves, veterans and their families. The signing took place in a ceremony held at Wellington Barracks, Westminster.

heylo works in partnership with national, regional and local housebuilders, estate agents, local authorities and wider stakeholders to deliver part-buy-part-rent solutions across England and Wales. These partnerships paired with the signing of the Covenant, now bring home ownership within reach for many in the Armed Forces Community,

heylo’s CEO, Nicholas McAlpine-Lee commented, “I am both honoured and delighted to sign the Armed Forces Covenant on behalf of heylo, as we believe that everyone in the United Kingdom should have the opportunity to access a stable home and the benefits of home ownership.”

“We are proud to become covenant holders, ensuring all those in the Armed Forces community have equal access.”

Nicholas McAlpine-Lee continued to say, “If you take the ‘super garrisons’ as an example, where the price of a family house, ranges from £120,000 to £320,000, heylo’s unique proposition for military personnel and their families means that households with an income as low as £20,000 (per year) could access home ownership.”

This increased access means the majority of serving personnel are able to use Forces Help to Buy as their deposit in conjunction with heylo’s part-buy-part-rent solutions, to get on and move up the housing ladder.

Major General Ben Bathurst, General Officer Commanding London District, co-signed the Armed Forces Covenant with heylo housing.  He said, “The support of organisations such as heylo housing is hugely important to all of us in the military.  I believe strongly in taking steps to make it easier for Service Personnel to own their own homes, coupled with the Forces Help to Buy scheme, as the domestic stability it provides helps to recruit and to retain the talent that we need in the Royal Navy, Army and Royal Air Force.  In signing up to the Armed Forces Covenant, heylo housing help to encourage Service Personnel to feel confident about starting out on the housing ladder and providing a stable base for their families within the community.”

Minister for Defence, People and Veterans, Tobias Ellwood said:

“We’re committed to offering our Armed Forces more flexibility with their accommodation, including making it easier for them to own their own homes. Our flagship Forces Help to Buy scheme has already helped over 14,000 people get onto the housing ladder, and I’m delighted that heylo will be supporting this with their own unique offer for service personnel.”

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Heylo delivers its 50th ‘do-it-yourself’ shared ownership home in less than a year

Since launching “Your Home” less than a year ago, Heylo Housing (“Heylo”) has recently provided its 50th ‘do it yourself’ shared ownership (“DIYSO”) home.

Available exclusively from Heylo, “Your Home” helps individuals and families get on the property ladder in an affordable way. Customers have the choice of almost any second hand property for sale anywhere in England and Wales.

With just a 10% cash deposit customers can part-buy, part-rent via a shared ownership lease. In addition to not needing a mortgage they receive 75% of any increase in the value of the part of the property they did not buy.

The average customer deposit of the 50 DIYSO homes delivered to date has been £43,000 – representing a 16% share of an average £270,000 property price.

The properties acquired have been almost all 3 bedroom homes and the majority of Your Home customers had previously been living in private rented accommodation as they were unable to raise a mortgage to buy the size of property they need in the area they want to live.

Nicholas McAlpine-Lee, CEO of Heylo said “We have been careful to market Your Home through limited channels during its first year to ensure the customer proposition and buying process works as smoothly as possible. We have been delighted by the customer response and given this success we have now expanded the Your Home offer to include leasehold as well as freehold properties.”

Your Home addresses a gap in the shared ownership market for people wanting to part-buy, part-rent a second hand property. Once approved, Your Home customers have full control over the home buying process with the benefits of Heylo standing behind them as a cash buyer.

Nicholas McAlpine-Lee again; “Not only are we building a pipeline of Your Home applications to deliver more than 150 shared ownership homes in the next 12 months, we have expanded the DIYSO offer to Local Authorities and Housing Associations looking to replace lost stock via street property acquisitions funded with Right To Buy Receipts. We hope that this variation, called Let’s Share, will help solve the 1-for-1 replacement challenges of rented affordable housing evident across a number of Local Authorities today.”

Formed just 2 years ago Heylo is a joint venture with a leading local authority backed by pension fund investment. Already active in over 80 Local Authorities, Heylo currently provides over 800 shared ownership homes and has one of the largest shared ownership delivery pipelines in the UK via its Your Home, Home Reach and Let’s Share brands.

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Heylo team goes from strength to strength as Raj Upadhyaya and Danny Kaye, formerly of The Guinness Partnership, join the team

  

  

Raj Upadhyaya, previously Group Investment Director of the Guinness Partnership and MD of Guinness Developments, together with Danny Kaye, his former Director of Special Projects have joined the Heylo Housing (“Heylo”) team to engage with local authorities and house builders to deliver affordable shared ownership homes across London and the South East of England.

Nicholas McAlpine-Lee, CEO of Heylo said “We are delighted to welcome Raj and Danny to the team. Their extensive experience with one of the country’s leading Housing Associations and their dedication to affordable housing delivery will help expand Heylo’s activities in the South East – building on existing relationships to drive significant volumes of new affordable housing.”

Raj Upadhyaya said “We are delighted to join the Heylo team. Heylo’s established affordable housing solutions such as Home Reach and Let’s Share can really make a difference to affordable housing delivery in London and the South East.”

Delivering 80% of open market value on shared ownership Section 106 properties regardless of the size of scheme, Home Reach contracts can help developers and local authorities address those all-important viability and affordable housing delivery challenges.

Heylo’s Let’s Share solution takes the established concept of shared ownership one step further allowing the local authority (or local housing association) to own the share of a property which they can in turn offer to their community for rent – thus maximising the number of properties they can deliver from their investment capital such as Right To Buy receipts.

Danny Kaye said “Raj and I look forward to working the Heylo team to build on existing long term relationships and address the housing needs of local communities with certainty, simplicity and reliability.”

Nicholas McAlpine-Lee again “Over the past year Heylo has signed contracts with a number of leading developers and is keen to do all that it can to deliver affordable shared ownership homes across the country.”

Heylo, is a joint venture with a leading local authority and backed by significant long-term pension fund investment. Having acquired more than 700 properties since September 2014, Heylo currently operates in over 65 local authorities.

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Pension fund ups investment in Heylo Housing to £300m

3 March 2016 | By Guy Montague-Jones

Heylo Housing’s cornerstone investor, Lancashire County Pension Fund, has increased its investment in the shared-ownership specialist from £180m to £300m.

Lancashire County Pension Fund supported Heylo’s launch in September 2014 with an initial investment of £180m, of which Heylo has already invested more than a third and committed the rest.

It is in the process of looking to source an additional £620m via its second bond issuance to fuel its rapid expansion. The bonds are aimed at large corporate pension funds as they offer secure and inflation-linked long-dated income, helping them match their long-term liabilities.

Nicholas McAlpine-Lee, chief executive of Heylo, said the latest commitment from Lancashire County Pension Fund was a vote of confidence in the business.

“As our joint venture partner and cornerstone investor, this additional funding affirms the excellent progress we have made over our first 15 month and supports Heylo’s continued desire to do all that it can to deliver affordable shared ownership housing to communities across the country,” he said.

The company, which is backed by Internos, currently provides more than 600 affordable homes across 40 local authorities and expects to double that by the end of this year.

Under Heylo’s Home Reach contracts, developers and housebuilders build and sell new shared-ownership homes and simultaneously sell the landlord’s position in the leases to Heylo via a framework of contracts designed to operate across multiple sites over several years. Developers typically receive 80% of open-market value at the point of sale.

Heylo Housing looks to raise £620m to fuel rapid growth (By Guy Montague-Jones, Property Week)

Shared-ownership specialist Heylo Housing is looking to raise £620m via its second bond issuance to fuel its rapid expansion.

The company, which launched in September 2014, currently provides more than 600 affordable homes across 40 local authorities and expects to double that by the end of this year.

Lancashire County Pension Fund supported Heylo’s launch with an initial investment of £180m, of which Heylo has already invested more than a third and committed the rest.

As a result, it is looking to source an additional £620m on the bond markets, and has enlisted the help of UBS and Royal Bank of Canada. The bonds are aimed at large corporate pension funds as they offer secure and inflation-linked long-dated income, helping them match their long-term liabilities.

“This is the purest income match we’ve seen to uncapped RPI, rising on an annual basis from leases that are typically 125 years in length,” said Steve Faber, head of UK investment management at Internos, which is a Heylo shareholder and acts as fiduciary supervisor to the bonds.

Heylo’s chief executive Nicholas McAlpine-Lee said he was pleased how quickly the company had grown. “We are pleasantly surprised that we’ve committed our first round of funding already,” he said. “We have been stepping up to fill the gaps for local authorities and housebuilders needing to fulfil their affordable housing obligations.”

Under Heylo’s Home Reach contracts, developers and housebuilders build and sell new shared-ownership homes and simultaneously sell the landlord’s position in the leases to Heylo via a framework of contracts designed to operate across multiple sites over several years. McAlpine-Lee claimed that developers typically receive 80% of open-market value at the point of sale.

The popularity of shared ownership has also helped, he added, citing the growth of its retail product YourHome.org.uk, on the back of next to no marketing. It allows people to buy homes on the open market and convert them to shared.

“In the current environment, we hope to add more than 1,000 affordable homes to our portfolio every year,” said McAlpine-Lee.

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Heylo Housing acquires over £9m of properties from Bovis Homes

Building upon its UK wide engagement and recent transactions with a growing number of National and Regional house builders, Heylo Housing (Heylo) has acquired over £9m of properties from Bovis Homes.

Nicholas McAlpine-Lee, CEO of Heylo said, “We are delighted to have concluded this transaction in less than a month demonstrating Heylo’s ability to deliver. We hope that these acquisitions will serve to build a wider relationship with Bovis Homes and other house builders in 2016 and beyond."

All of the properties will be made available on a shared ownership basis further enhancing the level of new affordable housing delivery in the UK.

Heylo has already acquired over 600 properties in more than 40 local authorities since it launched in September 2014 and is currently in contract with house builders across the UK to deliver significantly more affordable shared ownership housing over the next 12 months via Heylo’s Home Reach solution.

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Heylo continues to grow as Vic O’Brien, former Group Development Director of Greensquare, joins the team

Vic O’Brien, previously Group Development Director of housing association Greensquare, has joined the Heylo Housing (“Heylo”) team to engage with house builders and local authorities to deliver affordable shared ownership homes across the South and South West of England.

Nicholas McAlpine-Lee, CEO of Heylo said “We are delighted to welcome Vic to the team. His development experience and passion for affordable housing delivery will greatly assist Heylo create and build on existing partnerships to drive significant volumes of new affordable housing.”

Vic O’Brien said “I am delighted to join the Heylo team. The contribution Heylo and its products such as Home Reach and Let’s Share can make to affordable housing delivery in the South and South West regions is immense.”

Delivering 80% of open market value on shared ownership Section 106 properties, Home Reach contracts can help developers and local authorities address those all-important viability and affordable hosing delivery challenges.

Heylo’s Let’s Share solution takes the established concept of shared ownership one step further allowing the local authority (or local housing association) to own the share of a property which they can in turn offer to their community for rent – thus maximising the number of properties they can deliver from their investment capital.

Vic O’Brien again “I look forward to meeting local authorities and developers in the near future to build long term relationships and provide contractual solutions to solve the housing needs of local communities and make schemes truly viable with certainty, simplicity and reliability.”

Nicholas McAlpine-Lee again “Over the past 9 months Heylo has signed contracts with a number of leading developers and is keen to do all that it can to deliver affordable shared ownership homes across the country.”

Heylo, is a joint venture with a leading local authority and backed by significant long-term pension fund investment. Having acquired over 600 properties since September 2014, Heylo currently operates in more than 40 local authorities. 

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heylo becomes an Associate member of the Council of Mortgage Lenders

  

In recognition of Heylo Housing's (heylo's) ongoing working relationship with shared ownership mortgage lenders across the country, heylo is delighted to become an Associate member of the Council of Mortgage Lenders - the main trade body representing mortgage lenders in the UK.

Nicholas McAlpine-Lee, CEO of heylo said, "We are delighted to become a member of the CML and look forward to continued working with this excellent trade body and its lending Members." 

Active in more than 50 local authorities, heylo currently works with 15 UK mortgage lenders that provide shared ownership mortgages to more than 350 heylo customers.

Working with house builders across the country, heylo is aiming to deliver more than 4,000 new affordable shared ownership properties over the next 3 years - underpinning more than 20,000 new build homes.

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