Helping You Move

Whether you’re a first time buyer looking to get that initial step onto the housing ladder; or a growing family bursting at the seams in their current property, the Ben Bailey team will do their best to help you find your dream home.

We have two fantastic options to choose from, dependent on your needs - Help to Buy and Guaranteed Valuation. Find out more below.

Help to Buy

Help to Buy is a government-backed scheme which aims to help those who are unable to save a large deposit for their home - whether you're just starting out, or on the move.

How does it work?

  • First you will only need a low deposit - 5% of the purchase price.
  • You will then just need a 75% mortgage as the government will contribute the remaining 20% through an equity loan.
  • 100% home ownership for 80% of the price!
  • Plus - there is NO interest on the loan amount for the first five years.


Typical example based on £200,000 home:

  • Your 5% deposit = £10,000
  • Your 75% mortgage = £150,000
  • Total Help to Buy price = £160,000
  • 20% equity loan = £40,000
  • TOTAL PURCHASE PRICE = £200,000


Help to Buy FAQs:

  • Am I eligible?
    • Equity loans are available to first time buyers as well as homeowners looking to move. The home you want to buy must be newly built with a price tag of up to £600,000.

      You won’t be able to sublet this home or enter a part exchange deal on your old home. You must not own any other property at the time you buy your new home with a Help to Buy: Equity Loan.

  • When do I have to pay the equity loan amount?
    • This will need to be repaid either when you sell your home, or after 25 years, whichever is sooner.
  • What is the interest after the initial interest-free period?
    • On the 5th anniversary of taking your equity loan an annual fee of 1.75% will be applied payable in monthly installments. This will increase annually by RPI plus 1% p.a.
  • What happens if property values fall?
    • Up to 20% of the property market value is repayable, whether the value is less or more than the original purchase price.
  • Can I make payments against the loan at any time?
    • Yes if you would like to pay off your loan sooner, you can do this at any time.

To find out more about this scheme please speak to the Sales Executive on the development you are interested in.

Terms and conditions apply:

Help to Buy is subject to status, availability and Ben Bailey Homes’s terms and conditions. You will need funds available to pay a reservation fee, Stamp Duty where applicable, and legal and survey fees. Your new home must be your primary home and place of residence. You cannot sublet your home or buy a second home with the Help to Buy scheme. Not in conjunction with any other offer. If you are in any doubt about this scheme please seek independent advice. Ben Bailey Homes does not sell mortgages or give financial advice. May 2018. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY DEBT SECURED ON IT.

Guaranteed Valuation

This scheme is designed to help find a buyer for your existing home quickly and enable a trouble- free move to your new Ben Bailey home.

This is how GUARANTEED VALUATION works:

  • We will arrange for a valuation on your existing home via an independent local estate agent. The valuation figure is based on achieving an acceptable offer for your home within the 8 week reservation period.
  • Our Sales Executive will discuss the agreed figure with you and if you are happy to market your existing home at the agreed price, you can reserve the Ben Bailey home of your choice and we will place your existing property on the open market. Ben Bailey will pay your estate agents fees and the cost of advertising your existing home to a maximum of £1000.
  • You can now relax knowing that if you receive an acceptable offer on your property (agreed with Ben Bailey) which is lower than the GUARANTEED VALUATION, Ben Bailey will make up the difference.

For example: We agree that the GUARANTEED VALUATION of your property is £140,000 and you receive an offer on your existing home of £135,000. You can accept the offer of £135,000 in the knowledge that Ben Bailey will make up the difference by £5,000. If, of course, you receive an offer higher than the GUARANTEED VALUATION figure you will receive the full amount.

To find out more about this scheme please speak to the Sales Executive on the development you are interested in.

Terms & conditions apply:

  • The local independent estate agent is nominated by Ben Bailey.

  • The Guaranteed Valuation figure is the value which Ben Bailey believe will generate an offer on your existing home within the 8 week reservation period.

  • Ben Bailey reserve the right to cancel your reservation after 8 weeks should an acceptable offer on your existing property not be forthcoming.