Any first time buyer schemes out there still in existance?

gemma7wayne

Hi you dont earn to much for the schemes if you sign up on home2own website you can earn upto 60,000.

They do different schemes in different areas the more u earn the less they may lend but will still help if under the 60k.

We are looking into homebuy direct but it has to be a new build from a developer doing the scheme and what happens is you get a mortgage for 70% the developer put in 15% and the government puts in 15% maybe lower if earnings above a certain level. You pay mortgage as normal but the other percentage is an equity loan and is interest free for 5 years.

The other poster this scheme operates in surrounding areas of exeter but not sure if in exter go on the website.

They have other schemes there as well.

rosspwilliams

Have you looked at HomeBuy Direct?

Happy_Hannah

Thanks gemma7wayne, I think we will try and look into one of these schemes, that's a really big help! We aren't desperate to be right in the middle of Exeter so this would be perfect for us. We currently earn just under £32k but as of September it will go up to £34'500 so hopefully we will still be alright for these schemes. I'm a bit excited now, I thought there was very little hope for us for the next 3 years.
Thank you thank you thank you