Free advice for first time buyers 

18/10/11
Town Hall
Bolton Town Hall is on Victoria Square, where the event will be held

An event for people wanting to get on the housing ladder can get free advice on Saturday,

A HomeBuy road show event is being held on Victoria Square, on Saturday October 22, from 11am to 5pm.

The road show, has been organised by Plumlife, the government-appointed HomeBuy agency for Greater Manchester and Lancashire, and supported by Bolton Council. 

The event aims to spread the word about the various home ownership schemes available from the Homes and Communities Agency (HCA).  These include Shared Ownership, Rent To Buy and FirstBuy – a new equity loan scheme jointly funded by the government and private developers.

FirstBuy will enable people to buy a new home with the help of a 20 per cent equity loan – interest-free for five years.  Free, impartial mortgage advice from an independent financial advisor will be on offer on the day.

Some of the UK’s top developers including PJ Livesey, Barratt Homes and Miller Homes will also be there with information about the excellent choice of brand new homes now available to buy across the region with the help of the new FirstBuy scheme.  

Local, working people with a household income of under £60,000 can apply for all HomeBuy schemes.

Scores of Greater Manchester people who feared they’d never be able to buy have already moved into desirable new homes boasting top notch eco-features, thanks to the various HomeBuy schemes on offer.

Plumlife, part of Great Places Housing Group, has been appointed by the HCA as HomeBuy Agency for Greater Manchester, offering a ‘one stop shop’ information and registration service for first time buyers, key workers and any household earning less than £60,000 per year. 

It acts as a first point of contact for all aspiring home owners in the area who want to rent or buy a home through the government’s HomeBuy affordable home ownership schemes.

Plumlife deputy chief executive, Matthew Harrison, said: “The average age of first time buyers here in the north west has now risen to 37 years old. People trying to get on the property ladder without some form of financial assistance face a really tough challenge. Without HomeBuy schemes, it’s clear that many working people would struggle ever to become home owners.

"People are gradually becoming aware that it’s not just housing associations like ourselves who offer government-backed initiatives to help them out. All the major players now offer schemes such as FirstBuy on selected developments, and the choice of homes is unbelievable.”

Bolton Council’s Executive Member for regeneration, Housing and Skills, Councillor Ismail Ibrahim added: “This is a great opportunity to get free advice from professionals in the housing field.  If you are first time buyer, I’d urge you to come along and find out about the different schemes and properties out there.  In the current economic climate, these schemes offer a good way for first time buyers to get on the property ladder.”

For information on affordable homes in the area, contact Plumlife on 0161 447 5050 or visit the website.

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Media contact
Salma Nakhuda
01204 331015
Further details
Plumlife
0161 447 5050