Housebuilder Larkfleet Homes will show homebuyers caught in a ‘chain' how it can help them to secure a quality new home and how the government's ‘First Buy' scheme can help homebuyers get onto the property ladder with special weekend events on Saturday 27 and Sunday 28 October.
Larkfleet's ‘part exchange' weekend events will take place at its Parson's Prospect development in Peterborough and its Leighfield Park development in Oakham. The events will aim to provide homebuyers who are looking to purchase a property, but are struggling to sell their current home, the chance to speak to advisors about Larkfleet's ‘Ezy-exchange' scheme.
With Ezy-exchange, Larkfleet could take a buyer's existing home in part-exchange for a new Larkfleet home. The scheme means that the purchaser is not caught in a ‘chain' of buyers and sellers and there are no estate agents' fees for selling the existing property.
Larkfleet's FirstBuy weekend will be held at its Abbeyfields development in Bourne, Lincolnshire, and will provide homebuyers who are looking to purchase a property the chance to speak to advisors about the FirstBuy scheme.
FirstBuy enables homebuyers to pay just 80% of the total purchase price of a property, with the remaining 20% funded by an interest-free loan for the first five years of ownership provided by Larkfleet Homes and the government.
Additionally, homebuyers who take advantage of FirstBuy only need a 5% deposit on the 80% share they are initially purchasing - and some mortgage lenders may even allow eligible homebuyers to buy through the FirstBuy scheme without any deposit at all.
A common misconception is that FirstBuy is only applicable to first-time buyers but this is not the case. Homebuyers who have previously owned a home can take advantage of the scheme as long as they do not currently own a property.
Larkfleet has its own FirstBuy equivalent called ‘Ezy-buy' and homebuyers can also find out more about this initiative at the weekend event in Bourne. Both schemes are aimed at first-time buyers and people who have found the right home but can't quite afford the whole amount to buy it.