| Homebuy Direct |
| What is Homebuy Direct? |
A scheme to help first time buyers onto the property ladder.
This scheme will be of particular help to those who wish to buy but do not have funds for a deposit.
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| How does Homebuy Direct work? |
The government assists first time buyers by lending them up to 30% of the market value of a newly built property to act as a deposit.
This loan from the government is interest free for five years.
The interest free deposit can only be used on specified new housing developments approved by the Government.
There are now close to 1,000 development sites across the UK proposed for inclusion into this scheme. |
| Who is eligible for Homebuy Direct? |
You must be a first time buyer, with under £60,000 household income and a clean credit record.
You must be able to prove your income with wage slips, (or self assessment tax returns if self employed). |
| How do I apply for Homebuy Direct? |
Contact your local Homebuy Agent. |
| How do I raise a mortgage for Homebuy Direct? |
Our consultants A Mortgage Now will assist you with all your funding requirements. click here
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