We are open for appointments. The new scheme is a way of offering a heartfelt thank you to the country’s 1.5m NHS workers who will now be able to receive up to £15,000 towards buying any new Barratt or David Wilson home. Because of this support, lenders taking part are able to offer home buyers more high-loan-to-value mortgages (80-95%). Metro newspaper is still available for you to pick up every weekday morning or you can download our app for all your favourite news, features, puzzles... and the exclusive evening edition! One month's rent is required as a deposit and this is held by TDS (Tenancy Deposit Scheme) which is a Government backed scheme to secure tenancy deposits. They start from £379,995, and a four-bed Woodvale house type with Help to Buy is £494,995. Help to Buy offers first-time buyers an equity loan from the Government up to 15% of the total house price in Scotland, 20% in England and Wales, and 40% within London boroughs. NHS personnel are entitled to receive a 5% deposit contribution towards the overall purchase price of the property, up to a maximum contribution of £15,000. Couple build dream £2.35 million family home – which they say ‘healed’ sick daughter, Man builds his own ‘Stone Age’ house in the forest for free. Despite first-time buyer numbers hitting a 12-year high in 2019, stretched affordability and large deposit requirements are still preventing many people from getting onto the property ladder. To show our gratitude all NHS workers will be offered a 5% contribution towards their deposit, up to £15,000. The Big Barratt Thank You to NHS workers. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP WITH REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. We then followed this by donating our entire stock of defibrillators from our sites to St John Ambulance and St Andrew’s First Aid, to help keep our communities safe. The return of the 5% deposit mortgage scheme – what does it mean for you? The tenancy will normally be for a minimum of 6 months. A mortgage guarantee scheme aimed at helping aspiring homeowners with small deposits onto the property ladder and firing up the market was announced in … Barratt Developments Yorkshire East has launched an NHS Deposit Contribution Scheme, offering a five per cent deposit. It was also made available to people who had recently reserved a home but not yet completed – like Lucy and Ythan – so that as many as possible could benefit. To say a big thank you to our brilliant NHS workers who have shown such courage in the face of the COVID-19 crisis, we've launched our NHS 5% Deposit Scheme. We recommend that all purchasers seek independent professional legal and mortgage advice. They reserved a two-bed apartment at the developer’s Wychwood Park in Haywards Heath early this summer, and moved in at the end of September. A big draw for many first-time buyers is that to be eligible for the scheme, you need only a minimum 5% deposit. As an example, for a home costing £200,000 NHS workers would qualify for a contribution of £10,000. Help to Buy: Equity Loan is a great incentive that allows you to buy a brand-new home much sooner than you may have been able to otherwise. This property is no longer on the market. These may be applicable to current NHS workers and retired NHS employees. With shared ownership scheme you only own a portion of your home with the chance to buy back more when you can. NHS admin 2019-10-01T15:15:34+01:00 This NHS section includes all clinical staff employed by the NHS except doctors and dentists. What is a 5% deposit mortgage? Since our founding in 1973, The Heritage Foundation has been working to advance the principles of free enterprise, limited government, individual freedom, … The rent is £450 per calendar month. Barratt and David Wilson Homes has announced that it will be extending its 5pc deposit contribution for NHS workers across Norfolk. The company … Speak to one of our sales team who will introduce you to a specialist New Homes Mortgage Adviser. To say thank you to all NHS employees working hard to look after people during the COVID-19 crisis, Barratt Developments has today launched a new NHS Deposit Contribution Scheme giving a 5% deposit to help them buy a new home. Purchase price: £494,9955% deposit: £24,7505% deposit match: £24,75020% Help to Buy loan: £99,000Mortgage: approx £1,425 pcmEstate charge: £24 pcmMonthly spend approx: £ 1,449, ‘Buying a home is expensive, and without using both the NHS offer from Barratt and the government’s Help to Buy scheme, we would have had to wait longer to get onto the property ladder.’. Schemes to help you buy Whether you’re a first time buyer looking to take the first step on the property ladder or a family in need of some more space, there are a range of schemes available that could make it easier for you to buy your dream home. If you opt for an affordable housing scheme mortgage, benefits include buying a property with a smaller deposit and a reduction in loan fees for a fixed period of time, say five years. First homes programme: How much discount will NHS workers buying first home get? Similar properties Contact relevant agents £1,200 Tenancy info 2 bedroom apartment - Virginia Water, Surrey, GU25. The scheme, which has also … A leading housebuilder has continued its pledge to support NHS and armed forces workers across Hampshire by extending its deposit contribution schemes. This offer is available to all NHS personnel carrying an NHS staff identity badge who purchase a new David Wilson Homes property in England, Wales or Scotland. Help with your deposit Fit for royalty: Barratt Homes’ Kings Quarter near Warrington, from £212,995. The scheme sees NHS employees receive a 5% contribution towards their deposit, up to £15,000, to help them buy a new home as a thank you for their hard work during the COVID-19 crisis. Purchasers can borrow up to 20 per cent of the cost of a new build (40 per cent in London), funding the balance via a mortgage and repaying the loan when they sell. ‘We were already really happy with these, then a sales adviser at Wychwood Park called to let us know that we were also eligible for Barratt’s NHS deposit contribution scheme!’, These are the 21 most wishlisted Airbnb homes in the UK, Student shows what it's like to go to school in a former Macy's department store, Castle transformed into a pop art party palace is up for sale for £2.1million. Our key worker scheme offers you the real chance of home ownership – an equivalent of 2% off the list price plus up to £3000 towards flooring costs. Now extended to next June, it offers all NHS employees a five per cent deposit towards a new home, up to a maximum of £15,000, and can be used alongside Help to Buy, though purchasers still have to provide their own deposit. England. Download the Metro newspaper app for free on App Store and Google Play, What I Own: Sarah, who relocated to New Zealand and paid a £34,000 deposit for a four-bed house, These are the most affordable areas to buy a home in Britain, What first-time buyers should know before they apply for a mortgage on a house, Another woman finds a hidden area behind her bathroom mirror. NHS personnel are entitled to receive a 5% deposit contribution towards the overall purchase price of the property, up to a maximum contribution of £15,000. Key workers, such as nurses, police and military personnel, will get priority under a new scheme offering homes for first-time buyers at a 30% discount, the housing secretary will say on Friday. A mortgage supported by the Help to Buy: mortgage guarantee scheme works in exactly the same way as any other mortgage except that under the scheme the Government offers lenders a guarantee on mortgage loans. In response to the NHS Charities Together Appeal we donated £100,000 to support frontline NHS staff and volunteers. All the apartments are now reserved, but three, four and five-bed houses are for sale. This offer is available to all NHS personnel carrying an NHS staff identity badge who purchase a new Barratt Homes property in England, Wales or Scotland. Linden Homes specify the flooring provided as part of this scheme and only provide flooring up to the value of £3,000. ‘The NHS deposit contribution scheme has been such a great additional help to us, as it has saved us even more money,’ adds Lucy. See how our teams are keeping you moving in. The First Homes programme provides properties sold with a minimum discount of 30% below the market value. We use cookies on this website to give you the best possible experience. *Terms and conditions apply. In addition to the NHS deposit contribution scheme, the Chancellor's Summer Budget confirmed there is no Stamp Duty fees to pay on properties … It remains to be seen how the scheme announced by the Prime Minister will differ from Help to Buy and the Ministry of Housing, Communities and Local Government has yet to provide any further information. To date, it’s helped around 1,000 NHS workers to buy their own home, saving them more than £10million in total. Get in touch by emailing MetroLifestyleTeam@Metro.co.uk. Barratt Homes is a brand name of BDW TRADING LIMITED (Company Number 03018173) a company registered in England whose registered office is at Barratt House, Cartwright Way, Forest Business Park, Bardon Hill, Coalville, Leicestershire, LE67 1UF, VAT number GB633481836. Applicants from the NHS must not only meet the general eligibility criteria , but they must be permanent employees of one of the following: The accommodation includes: Free laundry facilities Free Wi-Fi Free residents' parking The accommodation is managed by the Royal Papworth Hospital NHS Foundation Trust. As an NHS worker, you’ll find that some providers offer NHS workers discounts on mortgages. That means that if a First Homes property were to be valued at £300,000 a key worker such as an NHS nurse could receive a 30% discount of £90,000, purchasing the property at £210,000. The scheme is currently available to first-time buyers and home movers on new homes up to £600,000, but from April will only be offered to people purchasing their first home, and thresholds are dropping in every region apart from London. The Key Worker Scheme cannot be used in conjunction with any other promotions/offers, unless otherwise specified. MORE : Couple build dream £2.35 million family home – which they say ‘healed’ sick daughter, MORE : Man builds his own ‘Stone Age’ house in the forest for free. House builder to offer discounts to NHS workers buying new homes as housing market reopens News 13.05.20 3:15 PM by Lucie Heath Taylor Wimpey will offer a 5% discount on new homes to NHS staff, care and emergency services workers, the house builder has revealed as it laid out plans to reopen sales offices across the country. Wychwood Park is close to Haywards Heath station and many of its homes overlook the South Downs. New 5% deposit scheme to make it easier for people to buy homes Stamp duty holiday extended to end of June saving buyers up to £15,000 Hairdressers and gyms can get grants up … By living with Lucy’s parents in Brighton, focusing on saving and taking advantage of Help to Buy and an NHS deposit contribution scheme from Barratt Homes, the pair, who are both just 20, found themselves in a position to buy. Calls to 03 numbers are charged at the same rate as dialing an 01 or 02 number. Lucy, a nursing associate, and Ythan, a groundworker, had opened Help to Buy ISA accounts (no longer available to new applicants) which boost savings by 25 per cent on completion, and took out a Help to Buy equity loan, which is interest-free for five years and requires only a five per cent deposit. Prices are correct at the time of publishing. 26 May 2020. Barratt Homes launched this initiative in June as a thank you to NHS staff for their hard work during the Covid-19 crisis. The First Homes scheme is part of its commitment to help more people get onto the property ladder. Since the launch in May of the NHS Deposit Contribution Scheme, Worcestershire developer, Barratt Homes West Midlands, have helped 45 NHS employees secure a new home. And, with just a low 5% deposit you can also take advantage of the government-backed Help to Buy scheme – available to all new home buyers. A well presented ground floor apartment with a garage, located in central Virginia Water within a quarter mile radius of … Eligible purchasers must declare their intention to claim the deposit contribution at the time of reserving a property … ‘We utilised the Help to Buy incentives that were available through the government, which made a huge difference – the bonus from our Help to Buy ISAs meant that we have extra money to go towards furniture,’ she explains. For a home costing £200,000 they would qualify for a contribution of £10,000. Applications for the Help to Buy equity loan open for new applications on 16 December 2020, and will run until 31 March 2023. Help to Buy scheme: move into your first home with just a 5% deposit Make the most of this Government-backed scheme for Help to Buy homes and move into your Redrow new build home with as little as a 5% deposit. After reserving their apartment, the couple were delighted to find out that they were eligible for further assistance, due to Lucy’s job. A SCHEME supporting NHS workers in buying a home, with a contribution of up to £15,000, has been extended. A 5% deposit mortgage means you put down 5% of a property’s worth and borrow the remaining 95%. Following withdrawal or termination of any offer, We reserve the right to extend, reintroduce or amend any such offer as we see fit at any time. NHS 5% Deposit Scheme To say ... (Company Number 03018173) a company registered in England whose registered office is at Barratt House, Cartwright Way, Forest Business Park, Bardon Hill, Coalville, Leicestershire, LE67 1UF, VAT number GB633481836. Shared equity schemes are where you own all the property and you have a loan on part of your deposit. The accommodation is managed by the Royal Papworth Hospital NHS Foundation Trust. NATIONWIDE: Barratt, the country’s biggest housebuilder, has launched a NHS deposit contribution scheme, providing NHS staff with a five per cent deposit towards a house or flat. “We” refers to the Barratt Developments PLC group brands including Barratt London, Barratt Homes and David Wilson Homes. To say thank you to all NHS employees working hard to look after people during the COVID-19 crisis, Barratt Developments has launched a new NHS Deposit Contribution Scheme giving a 5% deposit to help them buy a new home.The new scheme is … Terms and Conditions. Barratt Homes launched this initiative in June as a thank you to NHS staff for their hard work during the Covid-19 crisis. Barratt is also making the scheme available to people who have recently reserved a home but not yet completed, so that as many NHS workers as possible can benefit from the new deposit contribution. Images include optional upgrades at additional cost. During the COVID-19 crisis the NHS have been working tirelessly to keep us safe, to show our gratitude during these unprecedented times we have been supporting them where we can: At the beginning of the crisis to show our gratitude and support we donated our entire stock of PPE masks to the NHS, to help them stay safer. A new study by money.co.uk has revealed that the average age of a first-time buyer is 34, but Lucy Hendricks and Ythan Rickards are well ahead of the game. Eligible purchasers must declare their intention to claim the deposit … To find out more and to stop cookies please go to our cookie policy. The Government has made improving the UK’s housing situation a key priority, pledging to build more than one million new homes during the current parliament in a bid to improve affordability. The new scheme is a way of offering a heartfelt thank you to the country’s 1.5m NHS workers who will now … If your fixed line or mobile service has inclusive minutes to 01/02 numbers, then calls to 03 are counted as part of this inclusive call volume. Prices are correct at the time of publishing. https://www.barratthomes.co.uk/offers/nhs-deposit-contribution One month's rent is required as a deposit and this is held by TDS (Tenancy Deposit Scheme) which is a Government backed scheme to secure tenancy deposits. To say a big thank you to them, sister companies Barratt Homes and David Wilson Homes have launched their NHS 5% Deposit Scheme, offering all NHS workers a 5% deposit contribution (up to £15,000) towards a new home. Images include optional upgrades at additional cost. Non-BT customers and mobile phone users should contact their service providers for information about the cost of calls.