Announced in the Government’s budget back in March, FirstBuy is a great opportunity for first time buyers to get on the property ladder. Working with the Government, we could give you a 20% equity loan, which means you could buy with a much smaller deposit - as little as 4% - with a 76% mortgage. Plus you’ll still own 100% of your home.
For example, to purchase a new home from us for £200,000 you would need to raise a deposit of just £8,000 and secure a mortgage of £152,000, the remainder of the purchase price would be covered by the shared equity loan. If you sold after 5 years you would repay us 20% of the sale value - £42,000 on a sale of £210,000 or £30,000 on a sale of £180,000, for example.
Don’t miss out. Find a Ward home near you and register your interest to take advantage of FirstBuy.