HomeBuy Direct proves successful in Staffordshire

People find themselves in need of a home for a variety of reasons and in Alan Woodcock’s case it was a divorce. Three years ago, at 27 years of age, Alan found himself returning to live with his father but, with two young children, space was tight.

Now, thanks to HomeBuy Direct, Alan has finally been able to buy a three-bedroom home in Newcastle-Under-Lyme with his new partner, Heather Woodcock. “To buy a similar property in the area without the scheme, I would have needed a deposit of around £30,000, which I simply did not have,” said Alan. “Or, if I’d been able to put down a smaller deposit, I would have had to pay a higher mortgage interest rate, which I wouldn’t have been able to afford. It was a no-win situation.”

Then Alan discovered that HomeBuy Direct was on offer at a David Wilson Homes development, close to where he was living, and he went along to find out more. They loved the house: “The rooms are spacious and there’s plenty of room for the kids, a playground is being built on the site and it’s close to their school and to our friends and families, so it was perfect,” said Alan. The only question was whether they could afford it.

They were told about the HomeBuy Direct, under which buyers 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. It was the perfect solution, and they didn’t even need a huge deposit.

So after deciding to progress, David Wilson Homes put them in contact with Orbit HomeBuy Agents who administer the applications for HomeBuy Direct in Staffordshire. Very soon, Alan and his family were settled into their new home.

“We’re really happy,” he said. “We couldn’t have bought our own place without HomeBuy Direct and Orbit HomeBuy Agent’s help and we’d certainly recommend the scheme to others struggling to fund a home purchase.”

For further information on HomeBuy Direct or for details of developers offering properties with HomeBuy Direct in the region, visit: orbithomebuyagents.co.uk