Why Buy a New Home
Below you will find information to help you decide whether your next purchase will be a new build property or an existing residential property.
Help to buy
Buy your dream home with only a 5% deposit!
The Help to Buy – Equity Loan Scheme was relaunched on 01 April 2021. It is a scheme for people who are classed as first-time buyers and includes regional property price limits to ensure the scheme is beneficial to the people who need it most.
The scheme will continue until March 2023 and as with the previous scheme, homebuyers will be lent up to 20% of the cost of a newly built home.
- To apply, you must be aged 18 or over and a first-time buyer
- own a home or land anywhere in the world now or in the past
- have had any form of sharia mortgage finance
- own a home bought with other people or inherited
- be married or in a co-habiting relationship, either now or on legal completion with anyone who owns or has owned a home or land anywhere in the world
- buy a second home
If you’re married or in a co-habiting relationship, you’ll have to make a joint application with your spouse or civil partner and both live in the home having it as your only residence.
There are price limits on homes you can buy with an equity loan. The limit is different for each region in England.
No need to stress over your move.
Selling your home doesn’t need to be a stressful process. You can choose to part exchange with a developer and sell your home quickly, removing a great deal of worry when purchasing a new build property.
If you have your heart set on a new build, but need to sell your own house first, Assisted Move could be a scheme to consider!
how does assisted move work?
Once you have seen your perfect new home, we can inform you whether the developer will offer you an assisted move.
If assisted move is available, the developer will require a valuation on your property by Homes. We will provide a realistic sales value, which will help you secure a buyer in a realistic timeframe.
Once you are happy with the valuation and have reserved your plot, the developer will then instruct Homes to sell your existing property and achieve the best possible price.