If you’re a first-time buyer looking to get on the property ladder, we’re here to help! Our unique First-time SecureBuy scheme makes buying a new home off-plan possible.
Our First-time SecureBuy scheme gives you the opportunity to secure the property of your choice, at today’s price, for just a £500 reservation fee. Should the value of the property increase, you will only pay the price given the day you secured your property. Not only does this scheme offer a secure reservation, it only requires a 5% deposit. Six months before completion, you can apply for a mortgage.
If you’re confident you can manage a mortgage but can’t secure a property off-plan, then First-time SecureBuy could be the answer.
The First-time SecureBuy scheme enables first-time buyers the opportunity to secure a new home off-plan for just a £500 reservation fee and a 5% deposit.
Weston Homes will offer a conditional exchange with a complete refund option if circumstances change, subject to terms and conditions.
- Visit one of our luxurious Show Homes to find your dream home and speak to our friendly Sales Consultants at your chosen development about your circumstances.
- Reserve the home of your choice and pay a reservation fee of just £500.
- Complete the paperwork, appoint a solicitor to deal with the legal side of your purchase, exchange contracts and pay your 5% deposit.
- 6 months before the estimated completion date for your property, apply for a mortgage via the traditional route.
- If successful with a mortgage offer, the exchange will then become unconditional.
The First-time SecureBuy scheme helps first-time buyers purchase a new home off-plan. It enables these buyers to secure a home with just a 5% deposit.
The home you want to buy must be purchased off-plan. There are no limitations on value.
- If the completion of the property is less than 9 months away, use the traditional mortgage route.
- If the completion of the property is more than 9 months away, use the Weston Homes First-time SecureBuy scheme.
- Exchange of contracts must occur within 42 calendar days, with a 5% exchange deposit.
- Exchange of contracts is conditional on the ability to secure a mortgage offer.
- 6 months before the estimated completion date, apply for traditional mortgage offer.
- If unable to secure a mortgage offer then you will receive a full refund of the reservation fee and exchange deposit. Any other costs incurred by the purchaser are non-refundable.
- If successful with a mortgage offer, the exchange will become unconditional and all funds held by Weston Homes become non-refundable subject to contract conditions.
- Once the property is build complete the 14 day notice will be served for legal completion.
