New Build Homebuy is the new name for our existing shared ownership scheme. If you can't afford to buy a property on the open market, this scheme can help you buy a Sovereign property on a part buy, part rent basis.

The idea is that you buy a share of the property, usually between 30 and 50%. For this you will need either personal savings or a mortgage. Sovereign owns the remaining share and you pay an affordable rent on this. When you can afford it, you can apply to buy more shares in your home.