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Help to Buy

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What is help to buy?

Help to Buy is the name given to a number of government schemes aimed at helping first-time buyers and home movers buy homes. It is a UK-wide initiative so the rules vary quite significantly between Scotland and the rest of the UK.

A government equity loan of up to £120,000

The government will lend you 15% of the purchase price in Scotland, or 20% if you are buying in England.

Shared equity means you split the cost of purchasing the property with the Government. You will fund your share through a deposit and a mortgage, with the remaining share being provided by the Government.

No monthly repayments

The loan can simply be cleared off at any time, or on sale of the property.

Open to all buyers

The new house must be the only home you will own.

Up to £200,000 in Scotland, and £600,000 in England

The scheme is available on new homes in Scotland priced at £200,000 or lower. In England, its £600,000.

Please speak to your local Robertson Homes sales executive if you think this might be of interest in helping you secure a lovely new home.

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The buyer requirements to qualify for the help to buy scheme are:

  •  You must have a minimum 5% deposit  of the purchase price.
  • You must be taking out a mortgage of at least 25% of the purchase price.

4 Simple Steps to Help to Buy

1.

Buyer has offer accepted on a property or reserves a plot with Robertson Homes.

2.

Buyer/IFA submits application to Admin Agent. Admin Agent completes sustainability checks and that application meets criteria.

3.

If application is approved, an Award Letter is issued. Standing Instructions & Sales Log Form are issued to buyer’s solicitor.

Buyer’s solicitor completes title and property check. IFA/Mortgage Adviser prepares full mortgage application. Property valuation sent to Admin Agent.

Buyer’s solicitor concludes missives and confirms to Admin Agent.

4.

Help to Buy solicitors issue legal documentation to buyer’s solicitor.

Buyer’s solicitor arranges for Standard Security and Ranking Agreement to be signed.

Buyer’s solicitor sends Certificate of Title to Admin agent.

Ways we can help you move

Have a home to sell? We can offer a variety of options to help you move into a stunning new Robertson home

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EasyMove

Risk-free help selling your home for six weeks, and we also pay your estate agent and home report fees!

Guaranteed Move

The safety net of Robertson Homes as a guaranteed buyer if your home doesn’t sell on the open market

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Part Exchange

Move without the stress of selling your current home – no long search for a buyer. Be in your new home as little as 4 weeks!