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Help to Buy gives Yeovil couple the chance to secure a new home for a second time

Grzegorz and Malgorzata Gosciniak are eagerly anticipating a move to their next new home – taking advantage of Help to Buy for a second time.

The couple used the scheme to buy their first Barratt Homes house at Wyndham Park in Yeovil more than four years ago and love everything the development has to offer. Now in a position to purchase a larger property, Grzegorz and Malgorzata have secured a move just up the road.

“We have always been very happy here, but found we’d outgrown our original property over time,” said Grzegorz. “We saw a leaflet about the assistance we could get from Barratt to buy our next home – and didn’t hesitate to talk to the sales team here.

“Within a month, Barratt helped us sell our existing house through its Movemaker scheme – covering the cost of the process and dealing with estate agents. And, crucially, we were once again able to call on Help to Buy.”

Securing a new home with a five per cent deposit

The popular scheme allows any homebuyer to secure a brand-new home under the value of £600,000 with just a five per cent deposit. The government lends the buyer 20 per cent of the value of the property in the form of an interest free equity loan for five years, meaning that buyers then gain access to some of the great mortgage rates currently available with just a 75 per cent mortgage. Available to all homebuyers, not just first timers, the scheme helps anyone looking for a boost up the property ladder.

“Help to Buy has made our move to a larger property here at Wyndham Park possible,” added Malgorzata. “Now we’re eagerly awaiting the construction of our new family home – and we just can’t wait!”

More buyers across the region who purchased homes under Help to Buy five years ago are being encouraged to use the scheme once again, to save on future interest payments.

Barratt is holding a special event at Wyndham Park and across its development in the south west Friday 20 and Saturday 21 April to explain the process.

“After five years, payments on the Help to Buy scheme start to incur interest but by moving home, and entering into a new Help to Buy arrangement, purchasers can have another five years interest free,” said sales director Sara Parker.

Special event aims to shine a light on Help to Buy this April

“We will have independent mortgage advisors on hand over the two days who can advise purchasers on how they can move to their next home using Help to Buy again. Just like with Mr and Mrs Gosciniak, we can even arrange the sale of a buyer’s existing property with our Movemaker scheme and cover their estate agent’s fees, making their new home even more affordable than they might at first think.”

Barratt Homes’ website offers lots of information on Help to Buy – together with a handy calculator which shows how much people can borrow using the scheme.

Anyone interested in coming along should call on 0844 811 1866 to book an appointment. The advisers will be on hand between 10am and 5.30pm on the Friday and Saturday.

Find out more about living in Yeovil.