Help to Buy South will be in Swindon on Saturday 18 March from 10am – 3pm at De Vere Alexandra House, helping to spread the word to aspiring homeowners about how a Help to Buy Scheme could get them on, or moving up the property ladder.
Help to Buy South will be on hand to answer questions, inspire ideas and do the mortgage maths for those looking for their first or next property.
With the Help to Buy Equity Loan and Shared Ownership schemes, first-time buyers, growing families who want to move to a bigger home, downsizers or those relocating to the area can find out how to get on or up the property ladder.
As the schemes are available to all, not just first time buyers or those in specific occupations, the schemes are meeting the aspirations of many people unable to afford a home without some type of assistance.
The Government backed Help to Buy Equity Loan Scheme allows would-be buyers to purchase a property with just a 5% deposit. They can then borrow up to 20% of the property’s value as an equity loan, which is interest free for 5 years*, and they would then need to raise a mortgage for the remaining 75% of the home.
The Shared Ownership scheme is an affordable alternative to privately renting or buying outright, enabling purchasers to buy however much of the property they can afford, starting from 25% ranging up to 75% with the initial purchase.
Buyers then pay a low cost rent on the rest of the home. What’s more, purchasers may only require a mortgage deposit of 5% based on the share they purchase, which could be as low as just £3,000 to become a home owner.
The Help to Buy show will feature an array of exhibitors from housebuilders, housing associations and mortgage providers, to solicitors and financial advisors offering free assessments.
Visitors will be able to speak to Help to Buy South about how the different buying and rental schemes work and find out which scheme might suit them best. With free parking and entry, as well as free advice, these shows are worth attending.
A visitor to one of the Help to Buy Shows held in autumn 2016 had this to say about the shows: “I learnt a lot of new information and got clear and accessible advice and guidance from a wide range of exhibitors. Even if you know a lot about the kind of home or scheme you are interested in I would still recommend the show as there is a lot to discover and a lot of very helpful and knowledgeable people to speak to!”
Zoe Bonnington, Assistant Director of New Business, Sales and Marketing at Radian said: “It’s brilliant that hundreds of people have taken advantage of a Help to Buy Scheme, whether it’s the Equity Loan or Shared Ownership, to secure a place to live in Swindon. As well as helping people buy homes, it’s generated new building, investment and jobs. At our shows we want to help even more people do the same.”
To watch the real-life purchaser films of people who have used the schemes to buy their homes visit https://www.youtube.com/watch?v=dM6lVBmjvFU.