We’ve teamed up with the government to give homebuyers a helping hand.
What is HomeBuy Direct?
HomeBuy Direct is a new Government-backed initiative designed for first time buyers and those in need of a more affordable way to buy their own new build home.
Essentially, this welcome and much-needed scheme will make more new homes affordable to first time buyers, key workers and current households who cannot afford to buy a property on the open market. If you qualify for HomeBuy Direct you could pay as little as 70% now of your new home and borrow the rest from the Government and Miller Homes. After 25 years, or when you sell or transfer your home, whichever comes first, you simply pay back the 30%* of your home's market value at that time.
Click play and we can explain HomeBuy Direct to you.
Please click on one of our regions below to see which developments are participating in the scheme.
The benefits are:
- Buyers qualifying for the scheme will have the opportunity to select one of the HomeBuy Direct properties available from Miller Homes and will have the opportunity to purchase 100% of their home by paying 70%† of the value now, with both Miller Homes and the Government equally funding the remaining 30%.
- Buyers only need to raise a minimum of 70%† of the cost of the property now through a combination of a mortgage and any deposit.
- The 30% equity loan will only become repayable after 25 years* or when the customer sells their home, whichever comes first. Plus there is no interest payable for the first five years and only a minimal deposit is required**.
- If buyers wish to pay some or all of the loan sooner then they can also do this in conjunction with the terms and conditions of the scheme.
For further details on the scheme please click here
Interested?
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Register with us and note your interest in HomeBuy Direct. If you are already registered on the Miller Homes Website, simply log in and update your preferences and note your interest in HomeBuy Direct. |
Are you Eligible?
You can apply if you are a first time buyer with a household income of less than £60,000 a year. HomeBuy Direct can also help people who have previously owned properties but are now unable to buy/move without assistance, for example in the case of relationship breakdowns or families who are over-crowded and need to buy a bigger home.
Don’t worry if you are not eligible – click here to find out more about our other fantastic offers.
How do you apply?
Come and talk to us and we can take you through your application. Our Sales Team will liaise directly with the HomeBuy Agent to ensure that your application is straight forward and quick. We can also put you in contact with an Independent Financial Adviser who is familiar with the HomeBuy Direct Scheme.
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Further Information: †If you qualify for HomeBuy Direct assistance and you raise a mortgage for at least 70% of the purchase price of your new home from a qualifying bank or building society, you can borrow up to the remaining 30% of the purchase price by taking out loans secured over your new home from each of the Government’s Homes & Communities Agency (HCA) and Miller Homes over a period of 25 years. Credit is available subject to status and is provided by two separate secured loans from each of the HCA and Miller Homes Limited. Homebuy Direct is plot specific and cannot be used in conjunction with any other offer provided by Miller Homes. *Subject to terms and conditions. **A 5% minimum deposit will be required by lender. More may be required dependent on circumstances and your lender’s lending criteria.
For full details contact the development direct or click here to download the HomeBuy Direct buyers guide. |
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The information above is for guidance only and is not intended to constitute a contract and may change without notice.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP THE REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.