Buying a house can be an overwhelming experience, especially if it’s your first time. With so many different schemes and options available, it can be hard to know which one is going to work best for you. That’s why we’re here to help! Let’s explore the various schemes available that can help make your dream of owning a house into a reality.
Help To Buy Scheme
The Help To Buy scheme was introduced in 2013 and helps people buy their own home with just a 5% deposit. This scheme is open to both first-time buyers and existing homeowners looking to move up the property ladder. It works by giving you an equity loan of up to 20% of the value of the property you are looking at buying, which is interest free for five years. This loan then needs to be paid back once you have lived in your new home for five years or when it is sold – whichever comes first
Assisted Move Scheme
The Assisted Move scheme was designed with those who already own their own home in mind. It allows you to sell your current property quickly and easily, meaning you can move into your new home more quickly than normal. The Assisted Move scheme works by allowing developers like Barratt Homes to advertise your current property on Rightmove, Zoopla and PrimeLocation as well as through their website, increasing the chances of finding potential buyers quickly and efficiently. They also take care of all the legal fees associated with selling your current home too!
Right To Buy Scheme
The Right To Buy scheme was created in 1980 with the aim of helping council tenants purchase their own homes at discounted rates. Under this scheme, tenants have been able to purchase their homes from their local authority at discounts of up to 70%. This scheme has been hugely popular over the past 40 years and has helped millions of people realise their dream of becoming homeowners without having to break the bank doing so!
No matter what stage you are at in life or where you are looking to buy a house from, there are lots of schemes out there that can help make that dream become a reality! From Help To Buy and Assisted Move schemes through to Right To Buy and Shared Ownership opportunities, there are plenty of options available that could help get you into your very own home sooner than expected! So don’t hesitate – start exploring today!