Help to Own
The region’s affordable housing theme has seen the creation and launch of a new affordable housing product called Help to Own (HTO).
HTO is a housing product that provides local residents unable to raise the deposit for a mortgage with long-term tenure security and the benefits of home ownership with reduced risk.
The Marches development in Wolverhampton has 100 Help to Own properties, bringing together equity investment from WMCA and the City of Wolverhampton Council. The customer pays a market rent for 25 years and, through a loyalty account, can purchase it for £1 after this period.