More details about Royal Clarence Marina, Gosport , Hampshire

For Sale 2 bedroom house
Property value £169,000
Share percent 80%
Share percent price £135,200

FirstBuy

FirstBuy is an equity loan scheme specifically designed to help first time buyers struggling with the need for a large deposit.

The scheme can help first time buyers purchase a new build home on selected developments. A total of £180m has been allocated by the Government to provide nearly 10,500 new homes for sale with the help of an equity loan across England until March 2013.

Click here to find FirstBuy properties currently available.

How does it work?

With FirstBuy you buy a minimum of 80% of the market value of a property. An equity loan of up to 20% is provided to assist your purchase. You will need a minimum of 5% for your mortgage deposit. After five years there is a fee of 1.75%, which increases annually in line with inflation.

The loan will be repaid on resale of the property, with the Government's share available for reinvestment in more affordable housing. If you haven't already done so, we recommend that you register with HomesinHants

Please click here to download the FirstBuy Guide

“FirstBuy is a Government funded product, funding is allocated via the Homes and Communities Agency and administered via a network of Local HomeBuy Agents. You can obtain a full list of local HomeBuy Agents here

The administration of FirstBuy is free of charge to applicants, there is no administration charge and all applicants are processes in date order, for details relating to eligibility and prioritisation click here

Certain unofficial websites are promoting a fast track/priority services at a cost to applicants, please be advised that these websites are not part of the government scheme and do not work in partnership with the HCA's network of Local HomeBuy Agents. Your Local Homebuy Agent is responsible for approving applicant eligibility and prioritising applicants. Please be advised that any payments for priority or fast track services is at an applicants own risk and does not provide any further guarantees that you will be successful on the FirstBuy scheme”