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Buy your Bell Home with a deposit of as little as 5% !!

You could be closer than you think to buying your first Bell Home with the help FirstBuy — a new government backed scheme to help people get their foot on the property ladder.

Homebuy - buy a new Bell home with a 4% deposit

FirstBuy helps you buy your first home

  • FirstBuy provides eligible applicants with an equity loan of up to 20% of the purchase price supplied jointly by Bell Homes and the government's Homes & Communities Agency.
  • FirstBuy can help first-time buyers and returning buyers who cannot afford to buy on the open market purchase a Bell Home with the help of the FirstBuy loan.
  • Eligible buyers can purchase their home with as little as a 5% deposit, with 75% coming from a conventional mortgage and the other 20% coming from the FirstBuy loan.
  • The FirstBuy loan is interest free for the first five years and is repaid when the buyer can afford to do so, or when the property is sold.

Full details of the scheme are available from the Homes & Communities Agency website via the following link :- FirstBuy Buyers' Guide (PDF)

Apply now for help buying your home

Eligible applicants will be offered an equity loan of up to a maximum of 20% of the purchase price (based on the open market value).

Applicants are required to fund at least 80% of the purchase price by means of a conventional mortgage, savings and any deposit where required. Applicants must obtain their conventional mortgage from a Qualified Lending Institution. For the first five years there is no fee charged on the equity loan component. At the start of year six a fee is collected of 1.75% of the market value of the property at the time the loan is entered into multiplied by the outstanding percentage under the equity loan, the annual fee of 1.75% will be uplifted by RPI +1% p.a.

The equity loan is provided by the HCA and Bell Homes and held as a joint second charge.

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