Overview
- Bellway is holding First-Time Buyer events on Saturday, October 31 and Sunday, November 1 at developments across Dorset and Wiltshire to walk local buyers through the Government’s Your First Home proposal.
- The reported scheme would let eligible first-time buyers buy new-build homes with a minimum 2.5% deposit, a 20% government-backed equity loan and a 77.5% mortgage from participating lenders, but those headline terms remain subject to the Chancellor’s Budget confirmation.
- Attendees can speak with advisers from the New Homes Mortgage Helpline at the events to get practical guidance on affordability, mortgage options and what lenders may require.
- Bellway will use the sessions to explain existing incentives such as deposit contributions, discounted-home schemes and low- or no-deposit products and to show how builder support helped buyers like Jacob Southgate and Harmony Pearce move their purchase forward.
- Wider access to the scheme will depend on local supply, participating lenders’ underwriting and the final Budget wording, which means practical availability and lender offers could vary by location and over time.