There are several government backed schemes to assist first time buyers, those with a small deposit or those on low incomes to purchase their own home:
If your maximum household income is less than £60,000, shared ownership allows you to buy (through a mortgage) a share of a home and pay a subsidised rent on the rest. In time (and when your finances allow) you have the option of increasing your share of the property. Find out more about Shared Ownership.
An interest free loan for up to 20% of the value of a new build home is offered, thereby allowing the borrower to buy the property with as little as a 5% deposit and with a 75% loan to value mortgage. Find out more about Equity Loans.
If you’re a first time buyer saving for a deposit, save up to £200 a month (to a maximum of £12,000 per person) in a Help to Buy ISA and the Government will boost you savings by 25% (up to £3,000). Find out more about Help to Buy ISAs.
If you are below the age of 40 you may be able to get a 20% discount on 100,000 starter homes that are to be built by 2020. Find out more about Starter Homes.
To find a list of registered estate agents in Crawley, visit the National Association of Estate Agents website.
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Housing Allocations Team
The Property Store
West Sussex RH10 1UZ