A Homebuy is aimed at council & housing association tenants and those considered priority on the council waiting list who cannot afford to purchase a property outright on the open market.
	You can buy a home - old or new - anywhere in England. You then get a mortgage for 75% of the value and the Housing Association will give you a loan for the remaining 25%.
	The loan is to be repaid if the property is sold or if you purchase the remaining 25%. The 25% to be repaid is whatever the property valuation is at the time of sale.