New Help to Buy scheme launched 3 months early!

This year we have finally seen the Property Market stabilising with houses selling and prices gradually rising.  However, there is now concern that a ‘Housing Bubble’ is growing that could make the market crash.  Here at Roy Trevor though we are hoping with the Governments ‘Help to Buy’ initiatives things are looking positive!  So fingers crossed for continued growth with a watchful eye from Property Market experts that there will be continual House sales rising.

The Governments ‘Help to Buy’ initiatives include ‘Help to Buy Equity Loans’, ‘Shared Ownership’, ‘NewBuy’ and ‘Help to Buy mortgage guarantees’.  All of these schemes are available except for the ‘Help to Buy mortgage


guarantees’ that will be available from January 2014 on wards.

Help to Buy Equity Loans

The ‘Help to Buy equity loans’ are open to home movers as well as first time buyers for new- build homes and from this week on for older properties too which is great news for those wanting a house with a bit of history and character!  For the first 5 years of owning the home you won’t be charged any loan fees.  In the 6th year the fee will be 1.75%

How it works:

-The home buyer will contribute 5% of the property price as a deposit.

-The Government will give you a loan for up to 20% of the price.

-The home buyer then will get a 75% mortgage to cover the rest.

For further info click here!

Shared Ownership

‘Shared Ownership’ schemes are provided through housing associations.  You can buy a percentage of your home between 25% and 75% of the homes value.

How it works;

-The buyers household earns less than £60,000 a year or less

– The buyer is a first time buyer (or used to own a home, but can’t afford to buy one now.)

-The buyer currently rents a council association property.


This initiative allows the buyer to purchase a newly built home with only a deposit of only 5% of the purchase price.

How it works;

– The buyer can buy a Newly Built home for the first time it is for sale.

-The New build home must be priced less than £500,000

– The buyer must intend for the Newbuy to be their main home.

-The Newbuy is available from builders taking part in the Newbuy scheme.

-You must be a UK citizen.

-Someone with the right to remain indefinitely in the UK.

-You don’t have to be a first time buyer.

Help to Buy Mortgage Guarantees

From the 1 January 2014, the Help to Buy mortgage guarantee will help you buy a home with a deposit of only 55 of the purchase price.

Help to Buy mortgage guarantees will be open to bothfirst-time buyers and home movers.

This guarantee is provided to your lender – not to you!


Whether you’re taking advantage of any of these schemes or not call Roy Trevor Removals today to find out how we can help you with your move.  Roy Trevor are the local, nation and international professional removal company