Own your home with one of our house buying schemes
If you’re looking to own your home, we have plenty of schemes that could help get you moving – whether you’re a first-time buyer or an existing homeowner.
Help To Buy
What is Help to Buy?
Backed by the UK Government, the Help to Buy scheme lets you purchase a new home with just a 5% deposit in England and Wales.
How does the Help to Buy scheme work?
If you can provide a 5% deposit, then the Government will lend you up to 20% of the property value of your new home (up to 40% if you’re buying in London) – this loan is interest-free for 5 years. You’ll need to secure a 75% mortgage and then, unlike shared ownership, you’ll own 100% of the property. Exclusive to new-build homes, it means you could be moving sooner than you thought.
The scheme varies across England, Wales and London but you can find more detail below:
What is Movemaker?
If you buy a Barratt home, we can help you sell your existing property and will even pay your estate agent fees.
How does our Movemaker scheme work?
Following two independent valuations on your existing home, we’ll agree a selling price with you. We will then instruct an estate agent to sell your property and pay their fees, and, when an acceptable offer is made, they will see the sale through to completion.
What is Part Exchange?
To take the stress out of selling your old home, we could become your guaranteed buyer – enabling you to own your Barratt home quicker, with no estate agents fees and no chain.
How does our Part Exchange scheme work?
Once you’ve chosen your Barratt home, we’ll get your current house independently valued. We’ll then agree a fair price with you and, once you accept this formal offer, we’ll buy your house in Part xchange for your new one.
Part Exchange Xtra
What is Part Exchange Xtra?
We’ll work with an estate agent to sell your house and even pay their fees. Then, if you don’t find a buyer in time on the open market, we could purchase it – so you can get moving and own your home quicker.
How does our Part Exchange Xtra scheme work?
After two independent valuations on your current home, we’ll agree a selling price with you. We’ll then instruct an estate agent who will handle all the viewings and enquiries. If you’re home doesn’t sell within eight to ten weeks, we could buy it from you at an agreed and fair value.
These are just some of the schemes that could help you own your home and, if you’d like some help deciding which is right for you, you can speak to our Sales Advisers at your local development. You can find more information about other schemes, such as Right to Buy or mortgage guarantee schemes, by visiting the UK Government’s ‘Own Your Home’ website at ownyourhome.gov.uk or explore more of the ways we can help you get you moving by clicking below.