New Buy Mortgage scheme help please

DrFaraquat

I wonder if anyone can help answer this question.

I have recently attempted to purchase a new home under the new buy mortgage scheme recently released by the government.

This allows for people to get on the housing ladder with 5% deposit, new homes only.

Reading on this site it relies on the builders putting 3.5% of the purchase price into the scheme per home.

In my case i need to understand if this should be paid by the builder or buy the customer (me)

in my case I have seen a property for £240,000 yet the building company have told me I have to sign for £249,000 as its a new buy scheme, hence charging me £9000.

Should they be passing on this charge to the buyer?

VortexSteve

No, you should not be paying more for the property if it is under NewBuy. Which developer is telling you this?

DrFaraquat

They are called Charles Church, They are part of the Persimon group.

Uptongirl

Hello. I handle PR for Persimmon Homes and saw your message. It would be really useful to know which site you visited so we can talk to them. Also, if you need any help, you can call me. My number is 01902 714957.