Housing for Long-term Disabilities (HOLD)

HOLD is a scheme funded by the Government through Housing Associations. The key difference here is that the buyer is able to choose a property from the open market.

• Security - if you own part of your home you have more security than a council, housing association or private tenant.
• Cost - when you get a shared ownership home you will need to pay.
• A deposit to pay for part of the share.
• The rest of the share with a loan from a bank or building society.
  Rent on the share of the home you do not own.
• A Service Charge.  This is a fee paid to a landlord for services to keep your home in good condition. It covers things such as cleaning common areas and gardening.
• Risk - you need to be sure that you can afford to pay all the rent, mortgage and service charge. You should get independence advice about this
• Choice – you have more choice about the type of home and the area you live in.
• Repairs – you have to pay for all repairs to your home.

For more information on obtaining a mortgage through the HOLD scheme contact MySafeHome.