Back to NewsHelp to Buy event to showcase benefits of buying a new home.
A special event designed to highlight the benefits of the Help to Buy incentive is being held at a new homes development in Dorchester. Housebuilder C G Fry & Son is set to host the event, which will be held on Tuesday, 20th September 2016 from 4:00-6:00 pm, in the sales centre at its Poundbury development on the western edge of the town.
The event will be held to showcase the Help to Buy scheme and how it works, with a particular focus on how it could help people exit the rental market and get onto the property ladder.
Caroline Hill, Sales and Marketing Director for C G Fry & Son, commented:
“Prospective buyers now have a wide range of options to help them get onto the property ladder. The popularity of the Help to Buy scheme, coupled with recently lowered interest rates, makes it a great time for first-time buyers to purchase a new home.
The cost of renting has rocketed over the last year, while mortgage rates are at a record low. Many are finding that it makes financial sense to buy a new home rather than put more money into renting and ultimately paying for a landlord’s mortgage instead of their own.
The Poundbury site is the only place to buy new homes this side of Christmas in Dorchester, so we know that a lot of people looking to see in a new year in a new home will be very interested in attending our Help to Buy event.
We have had a high number of enquiries at the site from families and first-time buyers looking to take advantage of the Help to Buy scheme, and we are looking forward to welcoming more prospective buyers to our event, where we can discuss the best option to help them buy a new home.”
A mortgage advisor will be present on site to talk about the offers available and the Dorset Wine Company will also be present providing refreshments.
Since its implementation in 2013 more than 81,000 people have used Help to Buy to purchase their own house. The scheme has proved especially popular with first-time buyers who have been able to afford to own their property where they previously may have struggled.
Help to Buy enables buyers to purchase a home with just a five per cent deposit and a 75 per cent mortgage. The remaining 20 per cent is paid off as an equity loan, which remains interest free for five years.
The Help to Buy scheme is available on properties up to £600,000 and is not just exclusive to first-time buyers.
The development in Poundbury comprises a mix of two to four-bedroom homes, starting from £297,000.
For more information on the Poundbury development, call 01305 259600 or visit www.cgfry.co.uk