While most Custom and Self Build homes are not able to access Help to Buy, Graven Hill, the UK’s largest self and custom build development in Bicester, has enabled its purchasers to access the loan scheme for its Custom Build properties.
Help to Buy is available on all custom build homes at Graven Hill, such as the Eden home, shown, and the event is open to both first-time buyers and existing homeowners. Offering a practical route to making the dream of a tailored home a reality, Help to Buy allows buyers to apply for a 20 percent equity loan from the Government, meaning only a five percent cash deposit is needed, with the remainder covered by a 75 percent mortgage.
Karen Curtin, managing director at Graven Hill, said: “At Graven Hill, we are keen to create a community that is accessible to everyone. Help to Buy is a key part of this, ensuring that all our custom build homes are affordable, even to those taking their first steps onto the property ladder.
“Many people are still unsure of the benefits of the Help to Buy scheme, so this event will provide a brilliant opportunity to talk to industry experts, ask questions and find out everything you need to know about the scheme.
NaCSBA and Help to Buy
NaCSBA is aware that Help to Buy creates an unfair advantage for speculative house building, and is talking to Government about redressing this balance through the introduction of a Help to Build scheme.
If it were to go ahead, this enable more people to access finance to create their own Self and Custom Build home.