FirstBuy


the newest HomeBuy scheme


The newest HomeBuy scheme, FirstBuy launched in the Summer 2011. So far, over 77 applicants have been able to buy a new home with the assistance of an equity loan on the scheme, with many more new homes still being offered.


How does it work?


With FirstBuy you buy a minimum of 80% of the market value of a property. An equity loan of up to 20% is provided to assist your purchase, and you will need a minimum of 5% for your mortgage deposit. After five years there is a fee of 1.75%, which increases annually in line with inflation applicable to the loan.


What homes are available?


From 1 bed apartments to 4 bed family homes, there’s a huge choice for applicants. All homes available for FirstBuy will be sold directly from a Developer and will be brand new. All applicants of FirstBuy are eligible for a home one bedroom above their current needs.


14 HomesinHants Roundup - Spring Issue


For a full up to date list of homes available, check the website www.homesinhants.co.uk for a list of sites where FirstBuy is available, but it may also be worth enquiring directly with the sales team on site to check availability.


Here’s a quick snapshot of FirstBuy homes in Hampshire & Isle of Wight...*


*prices illustrated are for 80% share and are prices ‘from’. Availability correct at time of print, but prices and properties are subject to availability.


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