UPDATE: Since this article was published, we have released an article on the buying costs you will encounter when buying your new home. You can read 'Understanding the buying costs' here.
So you’ve seen your dream home, now it’s time to make your dream a reality. There are a range of buying schemes to suit everyone’s situation, from first time buyers to existing homeowners.
If you’re struggling to save for a deposit: Help to Buy equity loan
The Help to Buy equity loan helps first time buyers and current homeowners to access a new build home with as little as 5% deposit.
The government backed scheme is designed to help people access a new property with a small deposit. A 20% equity loan is offered by the government (which is interest free for the first five years), which can be used to top up a 5% deposit. The remaining 75% is borrowed from a mortgage lender.
If you have a home to sell: Assisted Selling Plan and Part Exchange
Selling your current home can be stressful, with many factors making the process a tricky one to navigate. There are two options available to help existing homeowners to progress on the property ladder.
Our Assisted Selling Plan is designed to help remove the stress and help you to climb the property ladder with ease. We can arrange for your current home to be put on the market and help you to get the best possible price, allowing you to reserve your new home with us and relax knowing your current home sale is taken care of.
Our Part Exchange option allows you to free up the equity in your current home faster, avoiding estate agency fees and taking the risk out of the sale. We commission a minimum of two independent mortgage valuations to be carried out, ensuring you get you receive 100% of your home’s market value.
Your dream home is more achievable than you think. To find out more about the schemes available to help you purchase your new home, talk to one of our Customer Experience Managers. Find your local development and make an enquiry today.