We were already starting to look at houses when the UK government announced the “Help to Buy:Equity Loan” scheme, which meant we could get a better mortgage interest rate and hence more for our money. So we decided to jump on the bandwagon before the market reacts too much and prices go up as demand increases. New builds in Surrey are silly money (or virtually on top of the M25 or rail lines) so looked further afield to Hampshire in Winchester and Micheldever.
The Micheldever development had a few too many uncertainties, the main one being a waste powered electricity plant being potentially built down the road. The only development of note in Winchester at the time is Abbotts Walk by Redrow, on the Worthy road towards Headbourne Worthy. Having decided the initial home we’d be interested in was too small and availability varying from one hour to the next placed a reservation on a slightly bigger house still under construction.
Grange mortgages were most helpful in getting a mortgage in principle from the Halifax and getting the ‘Help to Buy’ underway.
Appointed a conveyancer using FridaysMove having decided against using a RedRow ‘recommended’ one. Sorry, call me old fashioned, but would like them to look after my interests not to be looking for their next referral.
HomesinHants (aka Radian Group), the Homebuy agent, have approved our HelptoBuy application pretty swiftly given it was one of the first out of the blocks.
The mortgage offer is nearly in place, the application having been chosen for a full underwriting audit, with the valuation now having been instructed and taken place.
The scaffold has now come down off the build and we have been able to visit the plot and house in its final stages of construction.
There are a few more legal enquiries to make but hopefully will exchange contracts in the next couple of weeks.
There’s a lot more detail to some of this than meets the eye, but that will follow!