A home of your own in Herefordshire
Orbit HomeBuy Agents has organised a series of New Homes events designed specifically to help those in need of affordable housing, whether they prefer to rent or buy their new home. These include an event which will be held at The Courtyard Centre for the Arts in Edgar Street, Hereford, between 11am and 6pm on Friday 16 April.
HomeBuy Agents Manager, Karen Coleman said: “Many people who desperately want their own home are unaware that help is available and these events are a great way of promoting all the schemes that are on offer. We’ve organised similar events in the past and they’ve always been popular but we hope that they’ll prove an even bigger success this time round. Last year, we processed around 1,000 applications each month from people looking for a home they could afford, and as long as your household income is less than £60,000, we may be able to help you, too. So, make sure you put the date in your diary.”
Orbit HomeBuy Agents will be joined at the event by other housing associations operating in the region to ensure that visitors have access to as much information as possible about the low-cost home-ownership options available to them. To date, West Mercia Housing, Wyre Forest Community Housing, Two Rivers Housing and Herefordshire Council have confirmed that they will be attending.
Detailed information will be available on all the HomeBuy products that they may be able to take advantage of. A number of Independent Financial Advisers and solicitors from Orbit HomeBuy Agents’ panels have also been invited to attend and they will be on hand to provide free advice on buying a home under one of these schemes to anyone who wishes to find out more.
The event is totally free and there is plenty of parking at the venue – there is a 125 space Pay & Display car park immediately behind The Courtyard.
Visitors will be able to find out about a number of HomeBuy products that are currently available, including New Build HomeBuy and HomeBuy Direct.
With New Build HomeBuy, you would generally take out a mortgage for a share of the property and rent the remaining share at a discounted rate. You can then purchase additional shares in the future until you own the property outright.
Alternatively, many developers are now offering brand new homes for purchase using HomeBuy Direct. Those eligible can take advantage of equity loans provided jointly by the developer and the government of up to 30 per cent of the property value, with no interest to be paid on the loan for the first five years.
You can also find out about Rent to HomeBuy and Intermediate Rent, both of which are helping many people find an affordable home.
For further information about the event or Orbit HomeBuy Agents, visit orbithomebuyagents.co.uk.