Article by Lee Fraser
Lee Fraser of Weston Homes has a cunning plan…
…use First-time SecureBuy and be a supersaver!
It’s not easy right now to step on to that first rung of the property ladder. Saving the initial deposit for your new home can seem an impossible dream. So why not let Weston Homes introduce you to its First-time SecureBuy initiative? It gives first-time buyers both a helping hand and a safety net.
What is it – and how does it work?
If you’re confident you can manage a mortgage, First-time SecureBuy lets you secure the home of your choice, off-plan, at today’s price, for just a £500 reservation fee. Should the value of the property increase, you will only pay the price quoted on the day you secure your new home. Not only does the scheme offer a secure reservation,
it only requires a five per cent deposit. Six months before completion, you can apply for a mortgage.
Weston Homes will offer a conditional exchange with a complete refund option if circumstances change, subject to terms and conditions.
Easy as 1, 2, 3 (and 4 !)
Here’s how First-time SecureBuy works.
1. Reserve a home and pay a reservation fee – you can now secure a plot with just £500;
2. Complete the paperwork, appoint a conveyancer to deal with the legal side of your
purchase, exchange contracts and pay your five per cent deposit;
3. Six months before the estimated completion date for your plot, apply for a mortgage offer via the traditional route – using Help to Buy could be an option here;
4. If successful with a mortgage offer, the exchange will then become unconditional.
When you have chosen your Weston Homes development, speak to a Sales Consultant about your circumstances. Happy home hunting!