Despite national financial instability, rates in the UK’s housing market are rising and many people are struggling to find the funds needed to buy a house. As the shortage of newly constructed houses and the demand for housing has risen, a range of housing schemes have been set up by UK property developers to help people buy a house without the need for high loans and cheap repayment plans. With the support of a number of listed housing schemes below, there are currently a number of new projects available to be bought, including newly constructed family homes in Kent, upcoming developments in the heart of London and new homes for sale in Surrey. Surrey has a range of local housing agencies to register interest in one of the new houses and will assist those interested in buying a house through one of the available housing programmer. click to read more about us.
Right to Buy
The Right to Buy framework is explicitly designed to assist council tenants in England to buy a discount on their house. Applicants must have been a council or public tenant for five years to qualify for this scheme. (It does not have to be five consecutive years.) If they have lived in properties supported by a housing association, the armed forces or a public body such as the NHS trust, an individual is known as a public sector tenant. Not all council properties will be eligible for purchase via this scheme (for example, if it is acceptable for the elderly, a property may be exempt from this scheme) and those interested are encouraged to contact their local housing authority.
The NewBuy system will help individuals get a mortgage of up to 95 percent of the purchase price of their desired home. The scheme extends to newly designed flats and houses and is only applicable in England at present. Applicants must be able to collect a deposit of at least 5 percent of their property’s purchase price in order to apply for the programme. Once the lenders’ credit conditions have been met and the borrower is considered to qualify under the rules, up to 95 percent of the purchase price will be qualified for a loan.
There are currently a number of new buildings available for purchase via the NewBuy Scheme in Surrey. Those interested in purchasing one of Surrey’s new homes are encouraged to contact a local housing agent in order to register their interest and assist them in the application process.