With Help to Buy, you'll get an equity loan of up to 20 per cent of the cost of a new home. But even if you can avoid the 2.5% to 3% of the sale price you’ll pay your own agent, you’ll still likely pay 2.5% to 3% of the sale price to your buyer’s agent — unless your buyer is also not using an agent. Your Help to Buy agent can guide you through the options available. Kayleigh Stevens (29) and Josh Morris (28).moved back in with their parents to make home ownership a reality. Kelly had bought her previous home with her dad, a builder, and lived through months of renovation work complete with noise, dust and cold draughts. Click here to apply for Help to Buy Shared Ownership. Accessibility. Help to Buy is the name of a government programme in the United Kingdom that aims to help first time buyers, and those looking to move home, purchase residential property. To find out more go to Help to Buy: Equity Loan customers during Coronavirus (COVID-19) A new Help to Buy: Equity Loan scheme open to first-time buyers only will be available for two-years from 1 April 2021. 2. the Smaller Developer scheme. Please click here for our current approximate timescales. Bedford Heights The home you buy must: 1. be a new build 2. have a purchase price of up to £600,000 in England (or £300,000 in Wales) 3. be the only one you own 4. not be sub-let or rented out after you buy it 5. be one that you can show you cannot afford (if you’re applying in Wales) We are receiving a high volume of Help to Buy: Equity Loan applications, following the easing of COVID-19 lockdown measures. The London Help to Buy Scheme. If you have any questions, please get in touch. Please register today to gain access to registering for properties, alerts and applying online. I want to buy a property, through Help to Buy: Equity Loan for…. Visit our Frequently asked Question page to find out the facts. Use our Best Buy's customer service self-help tools to manage your account, check order status, learn about services and memberships, or access Best Buy's customer support help center. Hello Abbie, please contact the Help to Buy Agent in the area you are looking to buy as each Agent has their own criteria. Cookie Policy If … Help to Buy is a Government backed scheme available across the UK that allows first time buyers and existing homeowners to buy a home with just 5% deposit. Email: helptobuyeastandsoutheast@bpha.org.uk (public enquiries), Email: helptobuy@bpha.org.uk (solicitors, IFA’s, house builders), Our opening hours are 9am-5pm Monday to Friday, Help to Buy East and South East bpha Limited How it works. If your application for Help to Buy meets the eligibility criteria, you can look for a property via the property search section on this website. The changes should not affect your house purchase. This new form requires different information to the previous application. *help to buy* A rarely available and well-presented one bedroom, first floor apartment benefitting from a Juliet balcony, allocated parking space and excellent London commuter links. Since 2 January 2020, you can apply for an equity loan from one of three Help to Buy agents. If you have a registered application, we confirm that it continues to remain registered, as the data we held was transferred into the new format. According to the Zillow Group Report, 74% of home buyers are represented by an agent, so prepare to pay their commission. From 2 January 2020, you will be able to apply for help to buy schemes from one of three agents across England. Most agents agree that there is little upside to not committing to one professional to take you all the way through your home-buying journey. You can talk to them about getting the equity loan too. We have been appointed by the government to offer the scheme in England and are on hand to support you in the purchase of your new build home using a Help to Buy: Equity Loan and affordable home ownership. It was announced in Chancellor of the Exchequer George Osborne's 2013 budget speech, and was described as "the biggest government intervention in the housing market since the Right to Buy scheme" of the 1980s. During the process of buying a home, you will need financial and legal help from qualified professionals.. Financial advice. Copyright © 2020 bpha. Privacy Policy Help to Buy is a government scheme (opens in a new window) providing a range of options designed to make it more affordable for you to buy a home. They will check if you’re eligible and that you can afford the payments if you get an equity loan. LCHO Applications we are working within the SLA of 4 working days. After you’ve reserved your home, contact a Help to Buy agent who will help you to apply for an equity loan and check you can afford it. Our use of cookies. Help to Buy South is also on Facebook, Twitter and Instagram. They are designed to make it more affordable for people to own their own homes. It is important that you seek professional advice from a mortgage advisor or financial advisor, to understand the options available to you based on your individual circumstance. The way you access a Help to Buy agent is changing. Valuations. e.g. Got a question about Shared Ownership? We are currently working within the following timescales: • Authority to Proceed (ATP): 4 working days Contact your local Help to Buy agent to find out what Help to Buy properties are available in your area. For Help to Buy Equity Loan schemes, please click here. We have published a list of frequently asked questions about how Help to Buy schemes work: Help to Buy: E quity Loan Help to Buy: Shared Ownership Solicitor FAQs We are acting for a buyer. Registered house builders advertise Help to Buy homes for sale on their developments. Comment by Sara Hind — August 22, 2018 @ 2:18 pm. If you are a Developer, Solicitor or IFA then you can find out about Help to Buy here. HomeBuy Agents admin 2019-08-29T14:48:49+01:00 A series of agents, known as Homebuy Agents, are available for advice and help throughout the country. All Rights Reserved. So long as you can raise a 5% deposit, the government will provide an equity loan of up to 20% of the property value (40% in London). Home Ownership for People with Long-Term Disabilities (HOLD) can help you buy any home that’s for sale on a Shared Ownership basis if you have a long-term disability. Equity loans are available to first time buyers as well as homeowners looking to move. How to contact us Our office opening hours are Monday to Friday 9am – 6pm. The way you access a Help to Buy agent is changing. 6. In line with government advice, our teams are working remotely. {{ctrl.startIndex()}}-{{ctrl.endIndex()}} of {{ctrl.totalCount}} Properties to buy/rent coming soon 0 Properties to buy/rent coming soon. If you are considering buying a home, it’s a good idea to contact a f inancial a dvisor or a mortgage advisor. We are the Help to Buy agent for the Midlands and London. Help to Buy schemes are run by the government. With the government's Help to Buy: Shared Ownership scheme you can buy as little as 25% or as much as 75% of a home and pay rent on the rest. Sitemap Frequently asked questions About Help to Buy schemes. YOUR HOUSE MAY BE REPOSSESSED IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR ANY OTHER LOAN SECURED AGAINST IT. You must reserve your home with the house builder and pay the fee which should be no more than £500. The changes should not affect your house purchase. Lenders participating in the scheme include Santander, Barclays, NatWest and Halifax. As a result, it is taking us longer than we would expect to process some documents. Will you accept desktop valuations instead of onsite valuations during COVID-19? The scheme supports the purchase of homes up to £300,000 bought through a registered Help to Buy – Wales builder. We put small files (known as cookies) onto your device to collect anonymised information about how you browse our website. Help to Buy is a government scheme which can help you to buy a property with just a 5% deposit. Register to receive updates, check your eligibility and book open day viewings.. Privacy Policy Adriana Velez is a food, wellness, and home writer. Bedford Help to Buy Agent for the South Update. 'Newcastle-under-Lyme', 'ST5', 'ST5 5AD' or a postcode nearby. Completed form 2 (WORD DOC,27KB) Certificate of Title Indicative timescales. The Homes for Londoners property search tool is a new way to find a home to buy or rent in the capital. We have been appointed by the government to offer the scheme in England and are on hand to support you in the purchase of your new build home using a Help to Buy: Equity Loan and affordable home ownership. The home you want to buy must be newly built with a price tag of up to £600,000. Have a look at the different Help to Buy schemes available and the eligibility criteria for each of them. Yes. Help to Buy South Collins House Bishopstoke Road Eastleigh Hampshire SO50 6AD By Phone 0800 456 11 88 By Email info@helptobuysouth.co.uk Via the Website www.helptobuysouth.co.uk The advice team is available to take your phone calls Monday to Friday, 9am – 5pm. This home would make the perfect first time buy or investment. Manton Lane Telephone number: 0300 790 0570 We are the Help to Buy Agent for the whole of the North All Rights Reserved. We are receiving a high volume of Help to Buy: Equity Loan applications, following the easing of COVID-19 lockdown measures. About Help to Buy schemes. Since 2 January 2020, you can apply for an equity loan from one of three Help to Buy agents. Hello, Me and my partner both live in the UK. MK41 7BJ. The two Help to Buy (Scotland) schemes. Our listings are constantly being updated, please keep checking back to review properties in your chosen area. Existing Equity Loan customers can contact My First Home, the Post-Sales Agency, on 0345 848 0235 - Monday to Friday, 9am - 5pm or visit their website: myfirsthome.org.uk. The rules are about to change on the government-backed Help to Buy: Equity Loan scheme in England. This scheme allows first-time buyers the opportunity to borrow up to 40% of the price of the London property that they wish to buy. With Help to Buy – Wales: you must provide a 5% deposit; the scheme provides a shared equity loan of up to 20% of the purchase price Cookie Policy You’ll have to qualify for a standard mortgage for the remaining amount. Homes England have recently issued Help to Buy Agents with a new Low-cost Home Ownership application form. For Kelly and Adam a new-build home was the dream. Currently, the scheme is available to anyone buying a new build property as a main residence up to the price of £600,000. 1 Property to buy/rent coming soon. The two other Help to Buy agents are based in the Midlands & London (opens in a new window) and South of England (opens in a new window). If you are buying a new home using a Help to Buy: Equity Loan, we will automatically transfer everything to your new agent, so that they can continue to support your equity loan application and house purchase. From 2 January 2020, you will be able to apply for help to buy schemes from one of three agents across England. Sitemap As a Help to Buy agent, our role is to: help you understand the schemes assess whether you are eligible to take part This means our current Help to Buy agents’ services will shortly be replaced. There are two types of Help to Buy (Scotland) scheme: 1. the Affordable New Build scheme . We are the Help to Buy agent for the Midlands and London. The property search results are not an exhaustive list and are specific to the geographical regions we cover. You can use it to find a range of Shared Ownership, Help to Buy and Rental homes in London. The link to find your Agent is in our article. They will give the … When you buy a home using Help to Buy, you pay a 5% deposit and take out an equity loan from the government of up to 20% of the property’s value.. Usually, you’ll get a mortgage for the remaining 75%, with two and five-year fixed rate deals among the most popular choices.. Find out more about the Help to Buy: Equity Loan scheme 2021-2023 This means our current Help to Buy agents’ services will shortly be replaced. Search for ‘Help to Both work in exactly the same way, and the agent who handles the schemes will tell you which one you'll be applying for depending on which home you want to buy. They will conduct a wider review of your financial situation and can advise you on what you can afford to borrow, based on your income and outgoings. If you're looking for help getting onto the property ladder, we offer a number of  home ownership schemes. Help to Buy agents administer the Help to Buy: Equity Loan scheme for Homes England. • Confirmation to Developer (CTD): 2 working days They are responsible for different regions, so contact your region’s agent for information and help regarding all the HomeBuy Schemes. As a Help to Buy agent, we help to deliver two separate schemes: Help to Buy: Equity Loan; Help to Buy: Shared Ownership; Help to Buy: Equity Loan After the Government’s Help to Buy scheme had a lot of success with first-time buyers when it was first introduced, the London Help to Buy scheme was announced in February 2016. Cookies can be used to remember your progress and analyse how you use the website so it can be updated and improved based on your needs. Accessibility. Find your local Help to Buy agent; Help to Buy: Equity Loan scheme (2021-2023) Further guidance; Who is eligible? The Help to Buy scheme will end on 31 March 2023. When Deene Tetther and his wife Louise decided to move out of rented accommodation and find a home of their own they assumed they weren’t eligible for the government’s Help to Buy scheme as they had both owned homes previously. Please register today to gain access to registering for properties, alerts and applying online. 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