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Tower Homes Homebuy - can't find info
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Windsorcastle
Posts: 547 Forumite
I'm a keyworker and bought a property in 2005 with Tower Homes through their Open Market Homebuy scheme, where they lent me a 32% loan to be repaid when I sell the property. I know this scheme has now been scrapped. I can't find any info about it now though, as Tower seems to have been taken over by London & Quadrant.
When I contacted L&Q last year about something else, they couldn't find my reference number or anything, so I don't know how reliable their records are.
I have now changed jobs and am working in a different borough, but am still a keyworker. However, my current home is not convenient for my work. So what I want to know is will Tower/L&Q let me buy another property and transfer the equity share agreement to the new property or would I just have to sell and repay them the loan on my current property and then start again from scratch? I'm still not in a position to buy a property outright on my own, but I don't know if they only give this help to someone buying their first home.
Does anyone know anything about this scheme who can advise me please? Thanks!
When I contacted L&Q last year about something else, they couldn't find my reference number or anything, so I don't know how reliable their records are.
I have now changed jobs and am working in a different borough, but am still a keyworker. However, my current home is not convenient for my work. So what I want to know is will Tower/L&Q let me buy another property and transfer the equity share agreement to the new property or would I just have to sell and repay them the loan on my current property and then start again from scratch? I'm still not in a position to buy a property outright on my own, but I don't know if they only give this help to someone buying their first home.
Does anyone know anything about this scheme who can advise me please? Thanks!
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