Five benefits to buying a new build home Buying a Shared Ownership home from a Housing Association like Peabody could mean you will be buying a new build property, rather than a second-hand home from an existing leaseholder, which is known as a resale property. Most new build properties are bought when they have not…
Guest Blog: Bellway brings back popular pre-release Help to Buy event
Helping more first time buyers get their foot on the property ladder, Bellway Homes is giving house hunters the chance to secure a brand new home before they go on general release at their upcoming Help to Buy event. A selection of Bellway sites across London and Essex will be available to purchase off-plan, at an event that is being held at The Grange St Paul’s Hotel in London on Thursday 15th March from 12pm to 8pm.
Since its launch in 2013, the Government-backed Help to Buy scheme has seen over 350,000 completions with over 300,000 first time buyers now owning a new home. Bellways’ event also has a great track record and is expected to draw in a large crowd of visitors hoping to secure their dream home and independent mortgage advice. Last years’ event saw 137 homes across eight London developments sold in under eight hours – that was one sold every four minutes.
Purchasers can buy homes in Camberwell, Stratford, Barking Riverside and Poplar, among other up and coming areas of London during the event. The exhibition, will enable home buyers to discuss their mortgage options with independent financial advisors and purchase an exclusive selection of homes.
Emma Denton, Sales Director Designate at Bellway Homes Thames Gateway, comments: “After such a great turnout last year, we are looking forward to potentially helping hundreds more first-time buyers get onto the property ladder. It can be difficult for some people to buy a property of their own. However, with the massively popular Help to Buy scheme available, we are hoping to see even more people living in their own home as a result of our event. It’s such a big step in someone’s life and we are proud to be able to play a part in this move.”
The London Help to Buy scheme allows buyers to purchase with as little as a 5% deposit for up to 55% of the value of the home, Help to Buy offers buyers to purchase with an equity loan of 20%. The government will then provide an equity loan of up to 40% of the property’s value, which is interest free for the first five years. To register and receive exclusive information, plans and prices ahead of the event email email@example.com or text Bellway to 84433.
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