HomeBuy Direct is a new shared equity
product designed to help eligible applicants buy
a home direct from a builder.
HomeBuy Direct will offer eligible applicants the
opportunity to buy a new home direct from a developer
with the help of an equity loan of up to 30% of the
home's market value. The equity loan will be interest
free for the first five years. At the start of year
six there is a charge payable of 1.75% of the equity
loan, which is levied monthly. This charge
rises by + RPI + 1% a year there after.
The product will be available on homes at specifically
designated developments, details of these HomeBuy
Direct developments should be available in early
2009.
Further details on HomeBuy Direct can be found by clicking HERE
|
![Keyhomes East [picture:company strapline]](../../devtest/graphics/page_structure/strap_line.gif)
![Main page header image [Image: View of a housing development]](../../devtest/graphics/header_images/home.jpg)
![www.keyhomes-east.org.uk [Image: web site address]](../../devtest/graphics/page_structure/left_body_footer.gif){kind=small}
![Three coloured boxes [Image: page footer boxes]](../../devtest/graphics/page_structure/base_boxes.gif){kind=small}