CBRE guide to Help to Buy
As more people look to get on to the housing ladder and buy their first property, we've drawn up a CBRE guide on how to make the most of the UK government's Help to Buy scheme, with handy tips and hints on how to benefit. Scroll down to find out more and to view our developments that currently offer a Help to Buy option.
The government initiative was brought in to help people in the UK to invest in their own properties and many have now taken those first steps into property ownership as a result. At the same time the scheme is one that many are still unsure of, partly because they don’t fully understand how the three different Help to Buy schemes work.
Help to Buy ISA – What does it mean?
The government’s Help to Buy ISA works in the form of a savings account in many ways. When you open an account you’ll be required to deposit up to £1,200, saving up to £200 each month and you’ll need to have saved a minimum of £1,600 before you can receive the £400 minimum bonus from the government which could rise up to £3,000.
They are available from a number of banks and building societies around the UK and the most important thing to note is that they are available to each first time buyer, not a household. This means that, if you’re looking to buy with your partner, you can both apply for the accounts doubling the bonus you would receive from the government meaning that you could receive as much as £6,000 towards your investment in your first property.
Obtaining this government bonus is slightly more complicated, however, as you will need to instruct a solicitor or conveyancer to make the application for you. When successful this will be put towards the payment and it cannot be transferred to cover the cost of solicitors’ or estate agents’ fees.
Help to Buy Mortgage Advisor
SPF Homes' Help to Buy robo-advice mortgage platform is designed with you in mind. The platform puts you in control of your mortgage, allowing you to access the information you need 24 hours a day from any mobile device or platform; It is as easy as 1,2,3:
- Fill in a short form to get a quick indication within 3 minutes.
- Receive a Decision in Principle within 15 minutes – you will need your income documents, bank statements, ID and proof of address.
- Speak with an advisor within 30 minutes* – Ava will guide you through the questions before our expert mortgage advisors recommend the best product for your needs.
This is an online process supported by industry leading experts, meaning you will receive all the support and guidance you need to understand your options.
There are no fees or hidden charges and there are no credit checks until you are ready.
Please see below our current developments where Help to Buy is available
St Mark’s Square delivers the best of Bromley on your doorstep; 200 new homes, 9 high street restaurants, a 9-screen Vue and 130-bed Premier Inn hotel, all around a vibrant public square.
Blackwall Reach in E14 is more than just a new development, it’s a brand new area of Canary Wharf comprising of 1,575 brand new apartments in a part of London that is steeped in history with an exciting future ahead.
A spectacular development comprising of one, two and three-bedroom apartments and townhouses situated in the heart of Woolwich SE18, Callis Yard offers residents the best in contemporary living combined with distinctive architecture in one of the capital’s best-connected boroughs.
Introducing The Heights the next phase to launch at 360 Barking.This award winning development comprising a selection of stunning one and two bedroom apartments is conveniently located moments from Barking Station and Barking town centre. 360 Barking is an exclusive new development set to change the face of Barking.