Back to Event Listings

Help to Buy South Event

Bristol, Bath and North Somerset’s Biggest Help to Buy Home Show

21 Oct, 2017

10.00am - 3.00pm

We The Curious Science Centre (formerly At-Bristol)

Register

Do you dream of owning your own home? Perhaps you’re tired of living at mum & dad’s or paying expensive rents; maybe you’ve got a growing family and need a helping hand up moving up the property ladder to a bigger family home. Well Help to Buy South are here to help.

Whatever your  situation come along to one of our free Help to Buy Home Shows and discover how we could help you take that next step into home ownership.

At the Help to Buy Home Shows you can chat face-to-face with lots of exhibitors and find out all you need to know about buying a home. Our shows are there to help you find out your options and offer a no-pressure-environment so you can gain lots of insightful information and work out your next steps.

You can ask the Help to Buy South team about the different buying and rental schemes to find out the ins-and-outs of the Shared Ownership, Help to Buy Equity Loan and Intermediate Rent schemes. To get a head start why not read our handy downloadable guides before you come to the show. These will give you a good understanding of each scheme and might help make a decision before you visit on what scheme you prefer.

You can also speak to solicitors about the buying process that is involved when you purchase a property and ask them any questions you might have.

Got a burning desire to start your home search? We’ll have house builders and housing associations at the shows that’ll be showcasing the homes they have available to buy through the Help to Buy Equity Loan and Shared Ownership schemes. You can get a heads up on what homes are coming soon to the area you want to live in as well as find out what homes are available now. You never know you could end up reserving your new home on the day!

If you want to find out what home you could afford to buy we will have Independent Financial Advisors (IFA’s) at the show offering free financial assessments on the day meaning you can leave with a clear picture of what type of home you could afford to buy and when. Don’t worry you don’t need any paperwork with you, it’s just a brief chat to give you an idea of what you could expect to raise in a mortgage and what you would require as a deposit. Appointments are available via a queuing system; you will be required to wait in line to speak to an advisor, we book as many IFA’s onto the show as possible to reduce queuing time. If you have been declared bankrupt or have any CCJ’s please advice the IFA at the beginning of your appointment. If you’d like to have a free financial assessment prior to the show so you can arrive already knowing what you could afford to buy we have a panel of recommended IFA’s we work alongside. You can find the list here and contact one to arrange a free no-obligation appointment before the show.

Why not use our free budget planner now to take a look at your current finances?

Not registered with Help to Buy South yet? You can complete a free and quick application with us at the show at our Application Station, just head over to our stand for more info. Alternatively you can register for free now by clicking here and completing the section in pink.

To ensure you get the best out of your visit to the shows we’ve written a blog to give you some hints & tips before you come along. You can read it here.

Scheme Overviews

Shared Ownership

Shared Ownership is an affordable alternative to privately renting or buying outright, enabling purchasers to buy however much of the property they can afford. Starting from just 25% ranging up to 75% with your initial purchase, buyers then pay a low-cost rent on the rest of the home. The higher share you buy the lower the rent will be. You can also buy more shares in future so you own more of your home, this is known as Staircasing. Shared Ownership homes are purchased through Housing Associations.

For more information read our handy downloadable guide here.

Shared Ownership Resale

Existing Shared Ownership properties being sold. The difference is you buy the share from the current owner, not from the Housing Association like with a new build. You can buy the existing share or a higher share if you can afford to, buyers then pay a low-cost rent on the rest of the home.

Help to Buy Equity Loan

Available on new build properties, you will require a minimum of a 5% deposit (of the full-market value of the property), you then borrow up to 20% of the property value from the government as an interest-free equity loan*. You will then need to be able to raise a 75% mortgage to cover the remaining cost of the home. For example, if you purchased a property worth £200,000 using a 20% Equity Loan you would require a minimum deposit of £10,000, the Equity Loan would be £40,000 and you’d need a mortgage of £150,000.

For more information read our handy downloadable guide here.

* Equity Loan is interest free for 5 years, in the 6th year interest will be charged, for full details please visit www.helptobuysouth.co.uk.

Intermediate Rent

Sometimes referred to as discounted rent, there are some new and re-let homes available on this scheme through Housing Associations. The rents are approximately 20% cheaper than those on the open market, which will enable you to save towards a deposit to buy a home through one of the Help to Buy schemes at a later date. Some Housing Associations may require you to show proof that you can save while benefiting from a discounted rent.

Read our handy downloadable guide here.

Rent to Buy

With this scheme, you can save towards a deposit to buy the home you are renting, usually within 3-5 years. If your circumstances have changed and you are no longer able to afford to buy, your landlord may review your tenancy. Please note that there is no guarantee that your tenancy will be renewed after each of the agreed periods.

Please note there is very limited availability for Rent to Buy homes.

Read our handy downloadable guide here.