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New Build Initiatives For First-Time Buyers

 Related News
 First Buy - Help for First Time Buyers
 Completion
Now all of the paperwork is out of the way, it’s time to move into your new home.
 Exchanging Contracts
You are now entering the last stages in the legal process. Exchanging contracts means that the buyer and the seller are both legally committed to the sale. Once completed, you legally own your new home and can move in.
 The Legal Process
The legal process to transfer a property is called 'conveyancing'. If you are buying a property with a mortgage you will have to have a solicitor to do this for you.
 What Can You Afford?
The first thing you need to consider when buying a property is how much deposit you can afford to put down, how much you can borrow and which is the most suitable mortgage for your circumstances.
 Key Worker Homes
The £690m Government Key Worker Living programme gives public sector workers, such as nurses and teachers a helping hand to buy homes and the objective is to help people working in front line roles for key public services that may have difficulty in buying.
 How Parents Can Help
These days, a significant proportion of first time buyers are helped out buy parents. Many parents now have a significant amount of equity tied up in their property and are willing to help out.
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Help for First Time Buyers Key Worker Homes

It's never easy being a first-time buyer, but whatever the housing market conditions, there are solutions availiable for first time buyers.

Here's a helpful guide to affordable housing schemes, details of how shared ownership and shared equity schemes work and where they are available.

There are thousands of new and refurbished homes available through New Build HomeBuy (also known as shared ownership or part-buy / part-rent), HomeBuy Direct and Try Before You Buy or Rent to HomeBuy.

You'll find a range of services to assist first time buyers and those at the lower end of the property ladder. Affordable housing schemes provide a financially practical solution to home ownership whilst credit is in short supply and mortgages harder to obtain.

This is a good opportunity for first time buyers searching for a new home which doesn't break the bank.

Find out more about what schemes are available and whether you're eligible.

Find out where these schemes are available.

Contributed by Helen Adams, Managing Director of www.FirstRungNow.com

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