Anyone know anything about 'Homebuy' schemes?

[t84]

Me and the missus are looking at renting a place together, but everyone's telling us it's all dead money and that we should buy.

Unfortunately we don't have a deposit so someone suggested the 'Homebuy' or 'Shared Ownership' schemes to us?

Is this as I fear, a scheme for dobber leeches, or something that's worth looking into?

[t84]

True!