Help to Buy

Couple prepare for new home in the country

Couple prepare for new home in the country

As the UK celebrates Rural Housing Week, a Staffordshire couple are preparing to move into their first home together with the help of the area's leading provider of affordable homes for rent and shared ownership.

Thanks to a partnership between Stafford and Rural Homes (SARH) and a leading house builder, Stacey Robinson and fiancé William O'Hara now have the keys to a brand new, one-bedroomed apartment in the village of Eccleshall.

Stacey, 24, has lived most of her life in the area but she says she was facing a move away from family and friends due to the increasing cost of housing in and around the village.

Step Forward Homes reports rising demand for affordable homes from veterans and 999 workers 

Step Forward Homes support shared ownership for NHS workers

The NHS pay rise that unions agreed earlier this year catapulted the issue of affordable housing for emergency workers into the spotlight once more. The rise of at least 6.5% over three years is unlikely to keep up with inflation, meaning that nurses, porters and paramedics will continue to face issues when it comes to affording property.

'Help to Buy focuses on helping families to secure their dream home'

House Crowd Frazer Fearnhead on Help to Buy

Frazer Fearnhead, CEO and co-founder of peer-to-peer lending property platform The House Crowd, talks to HomeFocus about Help to Buy…

What are the benefits of the Help to Buy market for buyers?

To buy a property, you need to have enough money saved to put down a deposit. The problem with this is that many people simply can’t afford the deposit outright. This is especially true for first-time homeowners who want to get a foot on the property ladder, but just don’t have the means. People moving to a new house also feel the pinch when trying to take a step up to a larger or more expensive property. Help to Buy increases affordability for both groups of buyers by setting the deposit at 5% – much lower than a typical mortgage option.

Local family get helping hand in move to Crest Nicholson’s Nightingale Fields

Local family get helping hand in move to Crest Nicholson’s Nightingale Fields

Amy and Ed Field had been saving for several years before finding their dream home at Crest Nicholson’s Nightingale Fields in Wokingham. Using the Government’s Help to Buy scheme, the couple and their children, aged nineteen, eleven and five, were able to move to a home which allows them to spend more time together as a family, while remaining in close proximity to the local schools.

Help to Buy makes the difference for first time buyers in Bristol

New Homes Week

As New Homes Week gets underway (May 14-18) latest government figures reveal that more than 2,700 homebuyers in the Bristol area have used Help to Buy to purchase their new home.

The figures reveal that 2,736 people in Bristol and North East Somerset, the City of Bristol and South Gloucestershire have used the scheme since it was launched in April 2013.

Help to Buy has been particularly vital to help first time buyers onto the property ladder with this sector accounting for 81 per cent of sales.

Andrea Pilgrim, sales director for five star housebuilder Barratt Homes, said the scheme has been a real game changer. 

Why you should take that first step onto the property ladder...

Mark Homer of Progressive Property on when to get on the property ladder

Mark Homer, co-founder of Progressive Property, explains why people thinking of stepping onto the property ladder should try to get there sooner rather than later…

Why is Help To Buy a good option for first-time buyers who want to get onto the property ladder?

Help To Buy is a great option for many first time buyers as it allows them to purchase a house or a flat, often new and with a warranty. The homes are usually complete with flooring and almost everything needed to move in (bar furniture) and you can get this in some cases with a 5% deposit. This usually means that first-time buyers need to save for much less time, therefore getting on the housing market earlier and allowing them to build equity.

Gen Z In The Market For New Build Homes

Gen Z In The Market For New Build Homes

Generation Z is putting homes above holidays with two thirds of renters under 24 already saving to secure their first home, according to a recent survey* by home builder Countryside.

Last month, Countryside surveyed the nation’s house hunters and found 92% of 18 to 24 year-olds want to use Help to Buy ahead of the 2021 deadline, with 66% already saving for a home deposit.

When asked who they intended on buying a property with, one third of Generation Z savers revealed that they hoped to one day secure a mortgage as a single buyer.

Help to Buy drives First Time Buyers to Northampton as developer reports over 70% of total purchasers

First Time Buyers

With Help to Buy already helping over 108,000 buyers onto the property ladder since its inception in 2013, towns and villages across the country are beginning to emerge as brand new first time buyer hotspots. Buckton Fields, a new development just 5 miles north of Northampton city centre, has proven a popular option for those in search of better value outside of the capital, with first time buyers representing 70 per cent of the total purchasers.

Help to Buy in desirable North Finchley

Desirable North Finchley

Desirable North Finchley is becoming increasingly more of an desirable area of London with fantastic connections to the city centre. A pleasant suburb of the North London Borough of Barnet, it’s popular with young people looking to buy their first home, as well as families.

There is a wide range of property in North Finchley, the majority of which are period properties towards the east of the area. However, for those homebuyers who are looking for a modern apartment, there are not as many options.

Help to Buy makes the difference for first time buyers in Bristol 

Help to Buy makes the difference for first time buyers in Bristol 

Almost 2,500 homebuyers in the Bristol area have used Help to Buy with 84 per cent being first time buyers.

As New Homes Fortnight gets underway (February 12-25), latest government figures reveal that 2,442 people in Bristol and North East Somerset, the City of Bristol and South Gloucestershire have used the scheme since it was launched in April 2013.

First time buyers accounted for 84 per cent of sales and local housebuilder Barratt Homes says the scheme has been a real game changer for many people.

Andrea Pilgrim, sales director for Barratt Homes said the scheme has proved invaluable for first time buyers and the scrapping of stamp duty for this group has given those looking to get on the housing ladder an additional boost.

Help to Buy hits high notes across the nation

Help to Buy hits high notes across the nation

In March 2013, the government launched its Help to Buy initiative to open the door to affordable home ownership for people right across the nation. 

Help to Buy is a scheme that is transforming the housing sector, as people priced out of the open market are being given the opportunity to pick up the keys to their very own home. 

The scheme offers buyers a five per cent deposit - half as much as the traditional 10% - meaning people stuck in the rental rat run are finally able to put enough money aside to get the ball rolling. 

Affordable home ownership: Take the Plunge

Affordable home ownership: Take the Plunge

The journey to home ownership is undoubtedly a daunting one, but compared to popular adrenaline thrills such as bungee jumping or sky-diving, it really is just a walk in the park. Homefocus writer Jeffrey Gritzman takes a look at how scary owning your own home really is.

Bungee jumping…now that takes courage

Young people are funny; it’s amazing how many of them have been back-packing which takes organisation and confidence, or horse riding which takes skill and courage, some have even been bungee jumping where you place your heart in your mouth and keep it there till the bouncing is over. Tell someone you’re thinking about a bungee jump and they’ll likely tell you that they, or a good friend of theirs has done it too. So no big deal then?

Stamp duty announcement a "positive step" for first time buyers

 Stamp Duty announcement is a "positive step" for first time buyers

Eight out of ten first time buyers are set to pay no stamp duty at all after the chancellor outlined key changes in his Autumn Budget.

Philip Hammond’s announcement has been met with mixed responses from industry experts over his plans to axe stamp duty for first time buyers on properties up the value of £300,000. For properties up to the value of £500,000, no stamp duty will be paid on the first £300,000

Before the announcement, first-time buyers would be expected to fork out thousands of pounds in tax, but chancellor Philip Hammond has said the new initiative will see 95% of first time buyers seeing a significant reduction, with 80% paying nothing at all.

Housebuilders offers buyers of new homes a wheelie good time at Cheshire developments

Housebuilders offers buyers of new homes a wheelie good time at Cheshire developments

With more and more people choosing pedal power over other forms of transport, Barratt Homes and David Wilson Homes are helping people in Cheshire to get on its bike by building new homes close to the National Cycle Network and providing storage for bicycles at their developments.

Cycling in the UK is increasing year on year according to British Cycling, the sport’s governing body, with more than two million people across the country getting out on their bike at least once a week.

Government acts to create a "cheaper, faster, and less stressful" home buying process

Government acts to create a "cheaper, faster, and less stressful" home buying process

A new drive to make buying a home a "cheaper, faster and less stressful process" has been announced as a leading politician calls for more to be done to plug Britain's housing gap. 

Communities secretary Sajid Javid is calling on the government to strengthen its commitment to housing by borrowing money to build the hundreds of thousands of new homes needed across the UK. 

Mr Javid's call coincides with the announcement of an eight-week housing review, which aims to work with industry experts, including estate agents, solicitors, and mortgage lenders to make the home buying process more accessible and affordable.

Key home buying issues include:

Modern day living at the heart of community village

Leading housing developer announces Help to Buy homes in the heart of community village

A stylish new development is offering househunters the opportunity to sample the perfect blend of modern living: state-of-the-art affordable home comforts combined with traditional village life. 

Just over 12 miles away from the city of Chester, David Wilson’s Haddington Park development is ideally located for young professionals looking for affordable homes and an easy commute across the North West.

Located on the edge of the chocolate-box village of Tarporley, Haddington Park offers residents a friendly community feel, in addition to a wide range of facilities. 

First New Build Help To Buy In Zone One Launches At Elephant Park

First New Build Help To Buy In Zone One Launches At Elephant Park

This April marks the launch of Help to Buy homes at the heart of Elephant & Castle – comprising 25 one-bedroom apartments at South Gardens in Elephant Park. The newly launched collection represents the only new build Help to Buy homes currently available in Zone One.
 
Sustainable developer Lendlease is transforming the urban district by creating an attractive new green neighbourhood, with homes, leisure, retail, and acres of new open space for central London. Offering a helping hand onto the Zone One property ladder, buyers will have the chance to purchase a new-build home from £550,000, with a 5% deposit.

Why Rent When You Can Buy?

Why Rent When You Can Buy?

If you’ve always dreamt of owning your own home, you could find that taking those first steps onto the property ladder are more affordable than you think, with a Help to Buy scheme.

New figures compiled by Strata Homes show that buying a home is often cheaper than renting, especially with the government’s Help to Buy scheme.*

Using data from Zoopla, we’ve compared the price of renting a two-bedroom home against buying a 2-bedroom new build home, both with and without a Help to Buy equity loan.  This is where you only need a 5% deposit for your new home, which the government will boost by a further 20%. You’ll only need a mortgage on 75% of the property price, making it an affordable alternative to renting.

House-hunters warned not to miss out on new-look family homes

Harvills Grange opens new-look show homes tomorrow

House hunters across the West Midlands are set to catch their first glimpse at a range of stylish new homes.

Lovell Homes is launching its new show homes at its popular Harvills Grange development tomorrow (25 March).

The spotlight will be on the popular Ringwood design home, a three-bedroom semi-detached house available on Help to Buy from £145,560.

This design boasts spacious interiors that are perfect for growing families, or a couple looking for a bit of extra space. 

The ground-floor layout include a stylish living/dining room, with French doors opening out onto the garden. Meanwhile, the kitchen features an integrated fridge-freezer and slimline dishwasher, in addition to a Bosch stainless steel double oven and gas hob. 

What is Shared Ownership?

What is Shared Ownership?

Does it mean you have to share a house with someone?

“Shared Ownership is associated with a number of perceptions. For some people, the phrase might bring back mildly alarming memories of living with housemates and their accompanying clutter. For others, the idea of owning only part of a home is simply less preferable to owning all of it. Shared Ownership however, makes home ownership more accessible, not through the lending of more money like in other Help to Buy schemes, but by allowing the buyer to borrow less.”

 

Is Shared Ownership more affordable than other schemes?

Homeowning dreams can become a reality at Kingsbridge

The nation’s dream of home ownership is as strong as ever with 80% of adults dreaming of being homeowners within ten years[1] according to new research released by the Council of Mortgage Lenders.  With the Help to Buy scheme available at Countryside’s Kingsbridge development in the village of Headcorn, Kent, those looking for a family home in a rural location that’s also great for commuting can buy with a deposit of just 5%. The Government will then provide an equity loan of up to 20% of the property’s value, interest free for the first five years, with the buyer raising a mortgage for the remaining 75%.