Alison McCulloch

Shared Ownership with mhs homes helps Alison get on the property ladder

Alison works for Go Train, a company that helps those that are unemployed to find work. She used to rent privately in Tunbridge Wells but was spending a lot of time on the road, commuting to work in Maidstone.

But she’s now saving money as she lives closer to work and is investing her money in property, rather than renting. “I’m £150 better off now because I’m not commuting and rent is so much less. I own half of this home too so it’s a win-win situation!”

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Phelan 3 (4)

Generation rent: Young families escape to Aylesham Village

Married couple, Harriet and Liam Phelan were spending £9,000 a year renting a small, two-bedroom cottage in Wingham, near Canterbury in Kent, on a joint, pre-tax income of £60,000. After bills, tax and transport costs there was little scope for the couple, aged 24 and 25 respectively, who were expecting their first baby, to save a significant amount of money each month. With the help of the Government’s Help to Buy scheme, and money that they had been given as wedding presents, the couple were able to put down a deposit of £20,000, to afford to buy a three bedroom, three bathroom house for £219,995 at Barratt Homes’ Aylesham Village development in the neighbouring village of Aylesham.

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Parents use Help to Buy to avoid childcare mortgage penalty

With the average cost of full-time childcare in Britain estimated to be £11,300 a year and parents now said to spend more than a third of their income on nurseries and childminders*, it is no wonder that this is making it harder for families to move up the housing ladder as they struggle to secure the next size of mortgage needed.

One solution, which canny parents Harriet and Chris Reynolds found, was to use the Government’s Help to Buy equity loan scheme to make their next move. This allowed them to borrow an extra £103,600 interest-free for five years, and the couple plan to pay this off once their two-and-a-half-year-old twin boys, Benjamin and Noah, are at school and they will save on their current £280 weekly childcare fees. The young family has just purchased a five-bedroom detached house at Preston Grange, a David Wilson Homes development in the quintessential village of Preston in the Kent Downs Area of Outstanding Natural Beauty, near the cathedral city of Canterbury.

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Natalie and Drew at Woodlands View 2

Newly - weds find new home together in Hastings with Help to Buy and Millwood Designer Homes

Natalie, a self-employed Mental Health Coach, explains: “Drew and I were living together in rented accommodation for about a year, before we decided we wanted to get onto the property ladder.  Effectively, we were throwing money down the drain every month while renting. Being local, I had my eye on Millwood’s development in Hastings and specifically the most recent phase of homes. We also have some friends who live at Woodlands View and were really impressed when we came to visit. They love living at the development and spoke very highly of Millwood.”
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Dionne and Steve at Woodlands View Millwood Designer Homes 2

Help to Buy secures Hastings home for Dionne, Steve and Alfie

Dionne, who manages in a care-home in Bexhill, East Sussex, explains: “We previously rented in Eltham, London for a year before moving to a shared ownership property in Gillingham, Kent for three years, which was lovely but didn’t have an en-suite or a garage. We started looking a new home all over the South East and Hastings seemed like a sensible choice, as having had a holiday caravan here, we already loved the area and were aware that there are lots of care homes, so I could find a job.  Our new three bedroom home at Woodlands View is perfect and a great investment opportunity, especially as it will be Alfie’s home for life.  Help to Buy has really helped us move up the ladder.”

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Jessica & Thomas

As a young couple living in rented accommodation, Jessica and Thomas were interested to know  whether Help to Buy could help them to afford a home of their own in an area they both loved. 
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