Buying
At Forth Homes we understand that buying a new home is probably one of the biggest decisions you’ll ever make. It’s a major financial commitment too. That’s why you need to make the right decision about who to buy from. At Forth Homes we like to make it as easy as possible for you to buy your dream home. So, as soon as you choose to buy, we’ll provide you with your own dedicated Customer Service Team to guide you through the entire process. They’ll always be on hand to give you the best possible advice and to help take away the stress at every stage.
They’ll give you all the information you could possibly need about your new home, provide regular updates on the progress of your build and keep you fully informed on things right from reservation to completion. If you reserve your plot at an early stage they’ll even help you to choose the fixtures, fittings and exciting optional extras that make a house a home!
And it doesn’t end there. At Forth Homes we believe that Customer Service shouldn’t come to an end just because you’ve completed your purchase. We’ll be there for you for up to two years if you have any queries, helping in any way we can. Plus, your new home comes with a ten year NHBC warranty for that added extra peace of mind. When you move into your new Forth Home, you’ll be given a personalised ‘Home Information Pack’ full of useful documents, appliance warranties and handy hints about every aspect of your home. It’ll be useful for years to come and also contains all the relevant numbers to call if you’d like any help with anything.
It’s our special way of looking after our customers, and it’s another one of those personal touches that makes Forth Homes buying experience that little bit different.
Please Note Help to Buy ends 31 October 2022.
Help To Buy FAQs
Q) What is Help to Buy?
A) Help to Buy is a Government-backed scheme which helps first time buyers and existing home owners purchase a home with as little as 5% deposit. Help to Buy is only available for New Build Properties.
Q) Is Help to Buy just for first-time buyers?
A) Help to Buy is available for both first-time buyers and existing homeowners, but is only available for one property at a time, the homeowner cannot own more than property to be accepted for this scheme.
Q) How does the 20% Equity Loan work?
A) The Government made a pledge to help more people across the UK become home owners. Help to Buy Equity Loan provides buyers with an equity loan of up to 20% of the property value which can be repaid at any time within the first 25 years (or the terms of mortgage), or alternatively on the sale of the property. In England and Wales, you won’t be charged any loan fees for the first 5 years of owning your home. In the 6th year, you’ll be charged a fee of 1.75% of the loan’s value. After this, the fee will increase every year. The increase is worked out by using the Retail Prices Index plus 1%. Note that fees don’t count towards paying back the equity loan.
Q) Am I able to buy a house under the new scheme?
A) If you can raise a 5% deposit you will be able to buy a new home under Help to Buy.
Q) When did the scheme start and when will it end?
A) Help to Buy Equity Loan came into operation on 1 April 2013 in England and 25th November 2013 in Wales and was intended to run until March 31st 2016 (or earlier if all of the funding is taken up). In March 2014, the Government announced an extension of the initiative up to 2020.
Q) Can I use Help to Buy for a buy-to-let property?
A) No, the scheme is only available on properties that will be occupied by the person or persons who have taken out the mortgage.
Q) Am I able to get an interest only mortgage using Help to Buy?
A) No, the scheme is only available in relation to capital repayment mortgages.
Q) Where can I find out more in depth information about the scheme?
A) www.homesandcommunities.co.uk/help-to-buy
