Help to Buy – Why rent when you can buy?
6th July 2017
If you’ve always dreamt of owning your own home, you could find that taking your first steps onto the property ladder are more affordable than you think.
The Government’s Help to Buy scheme has helped thousands of people move from rented accommodation to having a home of their own. Recent figures from the BBC show that one in three new build properties outside London were bought through Help to buy since it was introduced in 2013.
The scheme can help you afford the home you want, sooner, and did just that for Mike Langton, who bought a new home in Sway.
Mike and his partner used the Help to Buy scheme when purchasing their first home at Antler Homes’ Marryat Grange development in Sway. And they’re not alone - official figures show that over the period since the launch of Help to Buy, (1 April 2013 to 31 December 2016) 112, 338 new homes were bought across the UK using Help to Buy.
"Without the Help to Buy scheme we wouldn’t have been able to stay in the area that we wished to remain in or in a house of the size we wanted. On the advice of Antler Homes we used a solicitor that specialises in Help to buy, which meant that when the additional paper work from the solicitors had to be filled in, they were experienced in it. This made the process go very smoothly."
With a Help to Buy equity loan you only need a 5% deposit, the government will lend you up to 20% of the cost of your home. Add this to the 5% you’ve saved and you’ll only need a 75% mortgage, making the amount you need to borrow more manageable.
Mandy Soames, Director of Sales and Marketing comments:
“Potential first time buyers assume that purchasing a property will put them under great financial pressure but that is often not the case. One of the main benefits of the Help to Buy scheme is that you do not pay any interest on your loan during the first five years. For first time buyers in particular, these first five years can be some of the most financially strenuous, so the fact you get a few years of breathing space can certainly be viewed as an advantage.
“It is not just the financial benefit that buying a new home over renting comes out tops. There is something truly special and exciting about being the first and only family to move in to a sparkling new home.
“Here at Antler Homes we are committed to helping more people find a quality home of their own by offering Help to Buy on a selected number of homes throughout our Mulberry Place development in Woodley, Berkshire and Loxwood Green in Loxwood, West Sussex.”
There is a selection of different styles of properties that have been carefully designed to suit today's modem lifestyle which means you can choose the home that best suits your needs for you and your family.
Another benefit of note is peace of mind. Antler Homes properties come with a 10 year Premier warranty guarantee.