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Buying a new home is one of the most exciting life milestones and a moment to truly celebrate. But taking your first steps to home ownership, or climbing up the property ladder, is also one of the most significant financial commitments we ever make.
Explore the ways in which we can help you to buy a new home at Brabazon.
There are a number of other clever ways to strengthen your financial position when buying a new home.
These include using a range of ways to help save for your deposit, options to maximise your deposit amount, and approaches that may make your monthly mortgage payments more affordable.
Applicable for: All Buyers
Make a robust deposit-savings plan by assessing your personal finances. Accurately review your income and expenses to identify opportunities to save money. It’s often the small changes that add up to significant savings.
Start by reviewing and cancelling unneeded direct debits; cut down on your subscriptions; create a food plan to buy fewer ingredients, make lunch for work and cook all meals instead of relying on takeaways.
Take steps to minimise your necessary outgoings by using comparison websites; use vouchers for the cinema and activities; use the library for books; and generally spot areas you can cut back on non-essential expenses.
Depending on your circumstances, moving into a family home or a house share could also help you to save hundreds of pounds per month.
Applicable for: First-Time Buyers
A Lifetime ISA, or LISA, is a Government initiative designed to help first-time buyers to save for their first house deposit.
Aspiring homebuyers can save up to £4,000 in a LISA each year to receive an annual bonus of up to £1,000, meaning you will need to contribute 25% less to the total deposit amount.
It takes time to accumulate your deposit, which can feel frustrating. While steadily saving will eventually lead to your goal of a new home, there are some ways to speed the process up! By maximising your deposit you’ll be in your new home much faster.
Applicable for: All Buyers
Splitting the costs of a home deposit, monthly mortgage repayments, bills, and expenses is a sensible financial decision - especially when you are first starting out.
If you like the idea of living with a friend or family member, ask about their property goals and you might find a way to team up. By combining your resources, you will only need to save half the deposit and it should also be easier to meet the mortgage affordability criteria, too!
Applicable for: All Buyers
If you would prefer to step out on your own, could you ask a family member for help?
They might be willing and able to support your dream of becoming a homeowner at Brabazon by gifting you all, or part of your deposit. Or, they may be open to acting as a guarantor on your mortgage to help secure your mortgage.
Applicable for: Some Buyers
Consult with an independent mortgage adviser about finding the best 95% mortgage on the market. Where offered, these mortgages may help you to get into a new home at Brabazon with a deposit of just 5%, depending on your situation.
Speak to your independent mortgage broker or financial advisor to learn about the possible options and to find out if you are eligible.
Explore FAQs about new home schemes, offers and incentives. Contact our New Homes Consultants today to learn more and discuss available homes.
A new home scheme or home buyer scheme is a programme designed to help aspiring homeowners and/or home movers to buy a new home.
A new home incentive is a financial or other benefit offered to those looking to buy a new home.
Typical new home incentives might include temporary discounts on estate management and/or building maintenance costs, or one-off vouchers to help with the costs of furnishing your new home.
Yes! You can find details of our current home buyer schemes and incentives on this webpage. Check back regularly to see if new offers have been added.
The Own New Rate Reducer scheme is currently available on selected apartments at Brabazon, as indicated by the Own New Rate Reducer logo.
Our Service Charge Incentive is currently available on selected apartments at Brabazon, as indicated by the Service Charge incentive logo.
No. We do not currently offer key worker or emergency services discounts at Brabazon.
Yes! While some developers may want you to be in proceedable position before they will sit down with you, we would be happy to show you around our Show Homes. We are also happy to reserve your new home.
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Own New Rate Reducer and the Service Charge incentive at Brabazon are subject to eligibility. Terms and conditions apply. Contact our New Homes Consultants for more information and to find applicable properties.
This page is not intended as financial advice. Always do your own research by consulting a financial advisor.
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