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Help to Buy South Event

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

10 Mar, 2018

10.00am - 3.00pm

Ashton Gate Stadium, Ashton Road, Bristol BS3 2EJ

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Dream of owning your own home? Or need help to move to a different one?

Perhaps you’re tired of living at mum & dad’s or paying expensive rents and have decided 2018 is going to be the year you become a home owner. Help to Buy South could help!

Maybe you’ve just heard about us and are wondering what all the fuss is about; should you start saving a deposit already? What are your options? Come to one of our Help to Buy Home Shows and you can find out!

Not just for first-time buyers, home movers can also make use of Help to Buy, so if you’ve got a growing family or are planning on starting one and would like a bigger home than the one you’re currently in, you too could benefit from Help to Buy.

Whatever your  situation come along to one of our free Help to Buy Home Shows and discover how we could help you take that first, or 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.

Here’s a few of the things you can do at our shows

– 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.

– Find out from housebuilders and housing associations what homes they have available to buy on the Help to Buy Equity Loan and Shared Ownership schemes and get a ‘heads-up’ on new homes coming to your area. You never know you could end up reserving your new home on the day!

– Speak to solicitors about the buying process involved when you purchase a property and ask them any questions you might have.

– Get a FREE financial assessment from a Financial Advisor (FA) meaning you can leave with a clear picture of what type of home you could afford to buy and when. More on this below.

– Use our Application Station to complete an application with us, or update your current application if you need to. Alternatively you can register for free now by clicking here and completing the section in pink.

Further information on Financial Assessments

If you’d like to get a free financial assessment at the show you don’t need to bring lots of 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.

To speed up the process on the day you can pre-fill this form and hand it to the financial advisor at the show.

If you have been declared bankrupt or have any CCJ’s please advise the FA 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 FA’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?

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 (a share). 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.

Buyers deposit is a minimum of 5% of the share purchased so it could be as little as £3,500. You can also buy more shares in the 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.

*Please note; although shares are available to purchase between 25-75% on the scheme all individual housing associations set minimum purchasable shares on properties and these can vary from development to development.

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.

Again the buyers deposit is a minimum of 5% of the share purchased. Further shares can be bought in the future, often up to 100% ownership.

For more information read our handy downloadable guide here.

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.