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Ep 1 How Does Help to Buy Work

19th May 2020

The Help to Buy: Equity Loan scheme closed to new applicants at 6 pm on Monday 31st October 2022.

Wanting something to call their own

Lucy and Garth’s story is similar to many. They had been together for 8 years and were serial renters, moving around different properties as their rental agreements came to a close. After becoming frustrated in rented accommodation they discussed their future and decided that they wanted to own a home which they could really make their own. 

Lucy recalled it was helping her Mum move into an older property last year that convinced them that they wanted a new build home. After seeing the work and maintenance older properties can require, they wanted something Readymade. They visited a couple of different developments, but after seeing the size and specification of Redrow’s Heritage Collection they knew it was perfect for them.

A helping hand, every step of the way

While they stress one of their biggest recommendations would be to do as much research as possible, the couple said they couldn't have done it without the help and guidance of their Sales Consultant. 

Redrow put them in touch with a recommended financial advisor who explained the ins and outs of the scheme, including what they would have to pay back and when. Garth was particularly happy with the services of the financial advisor as everything was focused on what the couple could sensibly afford. 

It was quite emotional knowing we had finally bought out dream home.

From dream home to real home

Because they only needed a 5% deposit, Lucy and Garth felt they could afford the family home they had always dreamt of and not have to ‘climb the ladder’ by buying a smaller home which they would soon outgrow.

After initially enquiring in October, their move was one of the quickest, moving into their new home in time for Christmas. Lucy recalled being emotional at the thought of knowing they owned the home they had thought about for so long. 

Thanks to the efficiency of everyone involved, the pair were able to host Christmas for both families for the first time ever.

All you need to know about Help to Buy

The Help to Buy Scheme in England is now closed to new applicants from 6 pm on Monday 31st October 2022. If you’re currently purchasing a Redrow home with Help to Buy and have completed your application prior to this deadline and require further information, please contact the sales team at the development you’re purchasing on. The Help to Buy Scheme in Wales is currently still available.

 
Meet the guests
Lucy and Garth - Redrow Home Owners
Lucy and Garth
Redrow Home Owners
Donna Sabin - Sales Consultant
Donna Sabin
Sales Consultant

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