New Homes events for first time buyers
Orbit HomeBuy Agency is organising 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. They will be held in Birmingham, Bedford, Cambridge, Norwich, Hereford and Stoke-on-Trent over the coming weeks.
HomeBuy Agency Team 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 Agency will be joined at the events by other housing associations and developers to ensure that visitors have access to as much information as possible about the low-cost home-ownership options available to them.
Detailed information will be available on all the HomeBuy products that they may be able to take advantage of as well as details of developers offering affordable homes in the region. A number of Independent Financial Advisers and solicitors from Orbit HomeBuy Agency’s 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.
Visitors will be able to find out about a number of HomeBuy products that are currently available, including NewBuild HomeBuy and HomeBuy Direct.
Under the New Build HomeBuy scheme, 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 through the HomeBuy Direct scheme. 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 the Rent to HomeBuy and Intermediate Rent schemes, both of which are helping many people find an affordable home.
Event details are as follows:
- Friday 12 February (12 noon to 7pm) at the Birmingham Hotel, Golden Hillocks Road, Birmingham, B11 2PN
- Tuesday 23 February (12 noon to 7pm) at The Guildhall, Cambridge, CB2 3QJ
- Wednesday 24 February (12 noon to 7pm) at the Harpur Suite, Bedford Corn Exchange, St Paul’s Square, Bedford, MK40 1SL
- Wednesday 10 March (12 noon to 7pm) at the Forum, 2 Millennium Plain, Bethel Street, Norwich, NR2 1TF
- Friday 12 March (12 noon to 7pm) at the Holiday Inn Hotel, Chapel Lane, Great Barr, Birmingham, B43 7BG
- Friday 16 April (11am to 6pm) at the Courtyard Centre for Arts, Edgar Street, Hereford, HR4 9JR
- Friday 14 May (12 noon to 7pm) at Kings Hall, Glebe Street, Stoke on Trent, ST14 1RN
For further information about these events or Orbit HomeBuy Agency, visit orbithomebuyagents.co.uk.
