Don't Let The Recession Ruin Your Homebuying Dream

Published by Michele for Orbit First Step in Housing

The vast majority of Britons – 88 per cent – still aspire to homeownership and see it as a wise investment for the future despite the worsening economic situation, according to a new YouGov survey commissioned for the New Homes Marketing Board. However, high asking prices and difficulties in securing a mortgage continue to thwart people’s attempts at getting on the property ladder. This needn’t be the case though, says Orbit First Step, which is continuing to help hundreds of individuals, couples and families to become home owners regardless of the recession.

As the largest HomeBuy Agent in England, Orbit First Step is responsible for marketing low-cost home ownership schemes designed to help get buyers moving and is promoting dozens of affordable homes, on behalf of all developing registered social landlords in Norfolk and Suffolk, Bedfordshire and Cambridgeshire; Coventry and Warwickshire; Hereford and Worcestershire; Staffordshire and Shropshire; and Birmingham, Solihull and the Black Country zones.

Sales and Marketing Manager for Orbit First Step, Karen Coleman said: “Now is actually a really good time to buy because house prices are still lower than they have been in some time, as are mortgage interest rates. When purchasing a new home through the New Build HomeBuy scheme, you would generally take out a mortgage for a share of the property and rent the remaining share at a discounted rate, and your monthly outgoings would be considerably cheaper than taking out a conventional mortgage or renting privately.”

Alternatively, if a lack of deposit is preventing you securing a mortgage, you might be interested in the Rent to HomeBuy scheme which allows you to rent the property you would like to buy. At any time within a three year period, you can then purchase the property under the terms of the New Build HomeBuy scheme – buying shares from as little as 25 per cent, which you can increase at any time until you own the property outright. There are also a number of equity loans available. Terms and conditions apply on all options.

“You don’t need to put your homeownership dreams on hold,” continued Karen, “because we can help you make that dream a reality – just call us and we’ll happily tell you how.”

For further information on either the homes or schemes available in your area through Orbit First Step Home Buy Agency, please contact 0345 850 2050 or visit www.orbithomebuyagents.co.uk.