Shared ownership housing -Heylo

debsa

Hi, do any of my fellow mse people have any information about Heylo housing which is apparently a shared ownership housing scheme where you pay a deposit on a house that isn't new build, then pay a monthly rent with no mortgage required? At the moment this is my only option to get onto the housing ladder at the age of 50 and on my own after marriage breakdown. I am reluctant to hand over a big chunk of money before I've done some research.
Any help or advice gratefully received.. Thank you

Jusshersmith

Hey there Debsa,

I was just wondering if you ever found out anything more regarding this Heylo scheme? It's something I'm also looking into and can't seem to find a whole lot of information on them. (apart from on their website)

Thanks!

[Deleted User]

Me being the eternal pessimist.., I googled Heylo Housing problems

http://www.insidehousing.co.uk/pj-janas/103863.publicprofile

http://www.housingnet.co.uk/news/details/104588

Although I'm not sure how much of a problem these articles are for someone in your position. More information anyway.

csgohan4

not to mention you must be informed of the cons of shared ownership and look between the lines of 'It's cheaper than renting'

booksurr

Jusshersmith wrote: »

Hey there Debsa,

I was just wondering if you ever found out anything more regarding this Heylo scheme? It's something I'm also looking into and can't seem to find a whole lot of information on them. (apart from on their website)

Thanks!

the last time Debsa was on this forum was 29 August so i doubt you will get a reply from them

meantime have a read of this thread from someone also considering Heylo

https://forums.moneysavingexpert.com/discussion/5523697