First-time SecureBuy

If you’re a first-time buyer looking to get on the property ladder, we’re here to help! Our unique First-time SecureBuy scheme makes buying a new home off-plan possible.

Our First-time SecureBuy scheme gives you the opportunity to secure the property of your choice, at today’s price, for just a £500 reservation fee. Should the value of the property increase, you will only pay the price given the day you secured your property. Not only does this scheme offer a secure reservation, it only requires a 5% deposit. Six months before completion, you can apply for a mortgage.

How does it work?

If you’re confident you can manage a mortgage but can’t secure a property off-plan, then First-time SecureBuy could be the answer.

The First-time SecureBuy scheme enables first-time buyers the opportunity to secure a new home off-plan for just a £500 reservation fee and a 5% deposit.

Weston Homes will offer a conditional exchange with a complete refund option if circumstances change, subject to terms and conditions.

Step-by-step guide to buying your first home using our First Time Secure Buy scheme
  1. Visit one of our luxurious Show Homes to find your dream home and speak to our friendly Sales Consultants at your chosen development about your circumstances.
  2. Reserve the home of your choice and pay a reservation fee of just £500.
  3. Complete the paperwork, appoint a solicitor to deal with the legal side of your purchase, exchange contracts and pay your 5% deposit.
  4. 6 months before the estimated completion date for your property, apply for a mortgage via the traditional route.
  5. If successful with a mortgage offer, the exchange will then become unconditional.
Who is eligible?

The First-time SecureBuy scheme helps first-time buyers purchase a new home off-plan. It enables these buyers to secure a home with just a 5% deposit.

The home you want to buy must be purchased off-plan. There are no limitations on value.

Terms and Conditions
  1. If the completion of the property is less than 9 months away, use the traditional mortgage route.
  2. If the completion of the property is more than 9 months away, use the Weston Homes First-time SecureBuy scheme.
  3. Exchange of contracts must occur within 42 calendar days, with a 5% exchange deposit.
  4. Exchange of contracts is conditional on the ability to secure a mortgage offer.
  5. 6 months before the estimated completion date, apply for traditional mortgage offer.
  6. If unable to secure a mortgage offer then you will receive a full refund of the reservation fee and exchange deposit. Any other costs incurred by the purchaser are non-refundable.
  7. If successful with a mortgage offer, the exchange will become unconditional and all funds held by Weston Homes become non-refundable subject to contract conditions.
  8. Once the property is build complete the 14 day notice will be served for legal completion.
How can we help you?
Do you have a question? Get in touch with our friendly team today.