Helping homeowners to buy

No matter whether you’re a first time buyer or a property ladder climber, almost every home on the Yorkshire division of national homebuilder, Bellway Homes’ City Fields and Red Hall Gardens developments in Wakefield can be purchased using the Government’s ever popular Help to Buy scheme.

The scheme, which enables new homes to be purchased with just a five per cent deposit, has helped thousands of buyers onto or up the property ladder since it was first introduced in 2014. There is however still a common misconception that the scheme is only on offer to those buying a home for the first time.

Ross Clarkson, Bellway Yorkshire’s sales director, said: “Help to Buy has been in operation for nearly four years, but we still meet a significant number of potential buyers who believe they can’t make use of it because they already own their own home.”

“The scheme though is also open to existing home owners who want to move into any new home, as long as it’s under £600,000 and is their only home. And at our developments in Wakefield that means almost every home can be bought with just a five per cent deposit using Help to Buy.

A Help to Buy Equity Loan, which is only available on newly built homes, allows the cost of the property to be split across mortgage, deposit and a Government loan.
· The loan makes up 20 per cent of the total house value
· You will only need to secure a 75 per cent mortgage
· For the first five years there is no interest charged on the equity loan
· It lasts for a total of 25 years.

For more information on this scheme, visit

“Help to Buy really is a great way to fund a new build home – and you don’t have to be a first time buyer to benefit from it,” added Ross.

Bellway is also able to assist Help to Buy purchasers in other ways at its developments, in particular with its Express Mover scheme. This popular scheme sees Bellway work with a local estate agent to market a buyer’s current home. And what’s more, they’ll pay the estate agent fees.

“By taking advantage of both the Help to Buy and Express Mover schemes together buyers can make purchasing a new home considerably cheaper and significantly less stressful,” concluded Ross.