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HomeBuyDirect

New Build HomeBuy HomeBuyDirect Social HomeBuy First Time Buyer London Wide

Homebuy Direct is a new product from the Homes & Communities Agency in partnership with housebuilders. It aims to make more affordable homes available to eligible buyers priced out of the housing market.

Homebuy Direct is a shared equity scheme which allows for a minimum 70% share to be purchased on select new build properties. The balance of the purchase price is funded by an equity loan provided by the HCA and the housebuilder. The equity loan is interest free for the first five years. After that, you will pay a fee on the equity loan of 1.75% rising annually by the Retail Price Index (RPi)plus 1%.

If you purchase a home through Homebuy Direct, you will still have 100% title to your home and you can sell it on the open market without restriction.


YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

SPF Sherwins is a trading style of Savills Private Finance Limited, which is authorised and regulated by the Financial Services Authority. FSA does not regulate buy to let or commercial mortgages or taxation advice. Approved and issued by Savills Private Finance Limited, 25 Finsbury Circus, London EC2M 7EE. Date Issued May 2008.

Savills Private Finance Limited is a subsidiary of Savills plc. Registered in England No. 3680970. Registered Office: 20 Grosvenor Hill, London, W1K 3HQ

A procuration fee will be payable to SPF Sherwins by the mortgage provider, upon completion of the mortgage.

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