Property Funding Options

Welcome to Home Relief Bulletin Board

Monday  12 August  2019

by the Property  Team

Post No. 101




Funding Options for Low Income Earners and Property Buyers

How to buy a house while being on low income


In a series of Summer property campaigns, we are dealing this week with the critical issue of finance to buy a property.  We are going specifically to look at how and where to find the difference of income to meet or match the price of the property that low income earners would like to buy, especially in difficult times of economic stagnation.  

Those who earn enough, they can afford to fund their property buying project.  However, for those who do not earn enough (especially those in lower middle and low income brackets), it is often difficult for them to enter the property ladder.  They may not always afford to buy a property outright from an open market unless they get help.

These low income earners are the ones with whom we are working to explore leads and solutions to secure the funding they need to buy a property to live in.

The funding options that we will be dealing with them are those mostly related to the following HomeBuy products: Social HomeBuy, HomeBuy Direct and New Build HomeBuy.  

Some of these products are part of the Government-mandated programmes to help low-income earners to break into homeownership.  These are Government schemes which include Help to Buy, Right to Buy/Right to Acquire, Shared ownership, People with disabilities, Older people, Shared equity schemes and Starter Home scheme

We shall as well consider other home buying financial products (such as guarantor mortgage, funding when buying with friends or family members, funding linked to the right to buy scheme and right to acquire initiative etc.).  

We will first start by assessing the home needs of the prospective home buyers.  Then, we will consider their earning capacity and net income.  Other considerations will be also included such as home buying eligibility criteria, ways of keeping home buyer’s debt-to-income ratio low, of saving down payment to buy a home while renting, etc.

Finally, we will move on to the following funding options:

. Discounts offered by various HomeBuy products

. Financial conversion of prospective home buyers’ wealth and others assets

. Financial security

. Mortgage options available for them

. Bridging loans and finance


At the end of this process, we hope to come up with them with a basic financial plan to buy a home.

Each prospective home buyer is a special case.  Therefore, there will not be a one size fits all policy.

Where necessary and if requested, leads and signposts will be given to contact affordable independent financial advisers specialised in home buying matters.

Need to buy a home, need finance to buy a home as a low income earner, why not ask Home Relief for information, guidance and advice?

Home seekers and prospective home buyers can consult Home Relief to discuss their individual cases, applications and the suitable options for them. 

If you are looking for an affordable location and home, Home Relief is the people dealing with affordable homes you could consider in your property searches and enquiries.

For more information about our property service to home buyers and tenants, please go to

For more information about our property service to home sellers and landlords/ladies, please go to

For properties to rent and let, go to

For weekly property news and updates, please read our weekly posts.

Thank you for reading this post.

We look forward to receiving your regular visits to Home Relief website and to doing business with you throughout 2019.

Many thanks!

Home Relief – freelance e-property people dealing with affordable homes



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