DS1

A DS1 is a legal form which is used to remove ‘charges’ from the deeds of your home. Your equity loan (such as HomeBuy Direct) will be secured as a ‘charge’ on your home, if you pay off your equity loan, a DS1 form is used to remove this charge.  

Shared Equity

‘Shared Equity’ is a term used to describe equity loans or land-based equity provision where more than one funder is involved. For example, with HomeBuy Direct, the equity loan was funded 50:50 by the housing provider and Government funding.

Registered Provider

A ‘Registered Provider of Social Housing’; organisations including housing associations and some developers who are funded and regulated by the Homes and Communities Agency (or, in London, by the Greater London Authority).

Private developer

‘Private developer’ is a term used to describe house builders from the private sector (such as Crest Nicholson or Barratt Homes).

Housing Provider

A term commonly used to describe a ‘Registered Provider of Social Housing’, organisations including housing associations and some developers who are funded and regulated by the Homes and Communities Agency (or, in London, by the Greater London Authority).

Homes and Communities Agency

The funder and regulator of affordable housing in England. Target provide post sales services for home owners who bought a home with a Government funded equity loan or shared equity product on behalf of the Homes and Communities Agency.

Help to Buy Agent

A Help to Buy Agent is a regional organisation, usually a housing provider, who provides information and a route to applying for Shared Ownership, Help to Buy and other low cost home ownership and renting options.

GLA

The Greater London Authority, funder and regulator of affordable housing in London.

Equity Loan

An equity loan is a home loan whose value represents a percentage share of the value of the home. When the loan is repaid, its original percentage share will be recouped by Target on behalf of its funders. Put simply, if your equity loan was worth 20% of the value of your home at the […]

English Parterships

Formerly the national regeneration agency for England. It was a non-departmental public body responsible for funding and directing large-scale regeneration work. English Partnership funded the London Wide Initiative and the First Time Buyers’ Initiatie. On 1 December 2008 English Partnerships closed and its powers were passed to the Homes and Communities Agency.