A total of 71 homes were reserved in just seven hours, during Bellway Homes’ Help to Buy exhibition in London last week. Homes were snapped up at the rate of one every 10 minutes as almost 300 buyers attended The Grange Hotel in St Pauls, London.
This is Bellway’s fourth Help to Buy event which has now helped over 400 homeowners on to the property ladder. The latest event included 10 developments for sale, catering for a broad range of different house buyers, with the properties varying from one-bedroom apartments to three bedroom houses; ideal for first time buyers, families, and professionals.
In the last year Bellway has already delivered a staggering 10,000 homes and since the government launched Help to Buy in 2013, Bellway has had almost 15,000 reservations using the scheme.
Ian Gorst, London Region Chairman at Bellway Homes, comments: “It was great to see so many people attending the event to buy their new home last week. We understand the huge challenge that people face when buying a new home – but it is particularly pertinent in London where the prices can steeper. Help to Buy is making a difference to thousands and we are doing what we can to support buyers achieve their dream home.
“Independent mortgage advisors and solicitors were available throughout the day, to help buyers understand how much they could afford on a new home. It was great to see so many first-time buyers and families interested in our developments and we look forward to welcoming the new homeowners into their new properties.”
Bellway launched its brand-new development, Renovo in Thurrock at the event which proved to be very popular with over 60 visitors interested in this scheme. This development includes a collection of three and four houses; and one and two bedroom apartments; ideal for families, investors or commuting professionals looking for a new modern pad. Thurrock is a fantastic location, with a range of nearby facilities and amenities, transport connections and green spaces, offering residents a great versatile locality.
Twenty-seven-year-old Police Officer, George Bennett attended the event looking to secure a two-bedroom apartment with his partner at Renovo in Thurrock. They are both first time buyers wanting to take the first step onto the property ladder.
George said: “My partner and I have been saving for a few years now for a deposit so that we can buy our own home. Our main reason for choosing Renovo, is the location. It’s ideal for transport links and also close to family.
“The only way we are able to buy is through Help to Buy, it’s great. I’ve come today to find out more information and talk through the different plots.”
Home buyers were given the opportunity to purchase from a selection of Bellway’s new-build properties using the Help to Buy scheme, a Government-backed initiative designed to help people purchase with as little as a 5% deposit. The Government will then provide an equity loan of up to 40% of the property’s value leaving buyers to secure a mortgage of between 55% and 75% dependent on which Help to Buy scheme is applicable. For more details visit: https://www.bellway.co.uk/special-offers/help-to-buy
For more information on selected plots across a number of Bellway developments, visit www.bellway.co.uk.