HomeBuy Direct
HomeBuy Direct
HomeBuy Direct
HomeBuy direct is basically an Equity Loan scheme that provides equity loans for the purchase of specific newly built houses on certain housing developments all across England. The person responsible for assessing your eligibility for a loan is usually referred to as a Homebuy Agent. HomeBuy agents possess the authority to run schemes for people who wish to buy/rent property but are having financial difficulties.
One major condition that one has to fulfil if one wishes to buy a home through an equity loan scheme is that one’s household income must not exceed £60,000 per annum (single or joint). You past financial record should serve as a proof of the fact that you cannot otherwise afford to buy a house in your area independently.
The HomeBuy property buying/renting process consists of five main stages and usually kick-starts with you submitting an Eligibility Assessment Application Form to your Local Area HomeBuy Agent. The Application processing might take up to eight working days after which you are supposed to find yourself a suitable property and submit the completed "Property Information Form" to your local HomeBuy Agent . Please note that the maximum time limit for exchange of contracts between you and your local HomeBuy Agent is 12 Weeks or 3 Months. Also, bear in mind that you will be solely responsible for securing your mortgage and choosing your conveyancer, however you shall be allowed to consult your agent for advice or suggestion.
The HomeBuy direct Scheme has gained a lot of popularity recently and will perfectly suit you if you are a first-time buyer. This website will serve as your ultimate guide to HomeBuy Direct Scheme, including the Eligibility requirements and the stages involved. Alternatively, find out about the latest government homebuying scheme, the First Buy Scheme
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