9 Incentives to help homes buyers in 2023

Want to make 2023 the year you finally buy your dream home? Well, we are here to help...

Seen your dream home for sale and wondering if now is the time to finally take the plunge and put down a deposit? With so many incentives to buy a new-build home, there’s never been a better time to climb or get your foot on the housing ladder. We have highlighted just a few of the incentives currently available to those looking to move...

 

5% Deposit Paid

During January 2023, we will pay up to 5% of the purchase price of the selected plot, subject to lender approval.

 

Part Exchange Plus

Another January-only offer is Part Exchange Plus – which could mean having a guaranteed buyer! If you want to move quickly we can buy your existing home through Part Exchange (if it meets our qualifying criteria), or if you’re not moving for a while, we can help you sell it with Assited Move and we’ll pay your estate agent fees - we may even buy your home if it doesn’t sell. Whatever your situation, we have a moving solution to help you.

 

Cash Contribution

During January 2023, we will also provide cashback when you move into your selected home, subject to lender approval. Spend it on new furniture, cover moving and legal costs or even help towards your mortgage for a few months. How you spend the money is completely up to you.

 

£2,500 off Stamp Duty on all homes across England

Home buyers can alternatively enjoy a saving of £2,500 on stamp duty bills when buying a home, with first-time buyers potentially saving up to £6,250.

 

No stamp duty up to £425,000 for first time buyers (England & Northern Ireland)

From September 2022, first time buyers became exempt from Stamp Duty on homes up to £425,000 and will only pay 5% on the portion between £425,001 and £625,000.

 

Save up to £2,600 on energy bills each year

Recent research by the Home Builders Federation revealed that new-build house buyers could save on average, up to £2,600 a year on their energy bills.

The ‘Watt a Save’ report found that new build properties could see a carbon emissions reduction of over 2 tonnes each year, compared to older homes - helping you do your bit for the planet and your pocket.

 

Lifetime ISAs

Lifetime ISAs were introduced to help people save for their first home. With this ISA, you can put a maximum of £4,000 into the account each tax year and the government will top up your savings by 25% to a maximum of £1,000 per year. Perfect for saving and topping up the deposit for your dream home.

 

First Home Scheme

The Government scheme to help first-time buyers and key workers own homes in the area in which they live and work. A first-time buyer in England could buy a brand-new home with a minimum 30% discount against the market value of the property.

To be eligible, you must be a first-time buyer who, does not or has not previously owned a property. If you are purchasing your home with someone else, you must both be first-time buyers with a combined annual income not exceeding £80,000 or £90,000 in Greater London.

Your first home must also have a purchase price of no higher than £250,000 (£420,000 in Greater London) after the discount has been applied.

Buy a new build home

New build homes are good for your long term bank balance. Not only are they cheaper to run, but the New Homes Quality Code offers protection and rights to anyone buying a new build, meaning you should be treated fairly, and you’ll be protected if there are any problems with how your home was built. Instead of purchasing an older home and incurring additional costs to renovate it, this alternative would result in significant financial savings for you.

Interested in finding out about the extra incentives we have on offer this month? Check out some all of our amazing offers here.