T HE B EEHIVE . Issue 7
INSIDE THIS ISSUE:
Shared ownership
2
Help to Buy
2
Resales
2
New Home
3
Contact us.
4
Social media
4
Happy holidaysholidaysour offices will be closed from 12.30pm on the 24th of December, until 9am on the 2nd of January 2014. On behalf of the Team at South West Homes, Wishing you and yours a very Merry Christmas and a Happy New Year.
Winter 2013
G O O D B Y E 2 01 3 … HELLO 2 014 … . Time for changechange- South West Homes are moving to new offices situated in Brunel industrial estate, Newton Abbot from mid January. We will continue to provide a fully staffed service during the move and the team are looking forward to their new open plan office.
KEEP THE CALLS COMING……. Q.What do Q. angry mice send each other? A.Cross-mouse cards!
Calls taken by the Customer service Team September 2064 October 2019 November 1663
In November we had 28,626 visits to our website: 17,387 from a desktop 7,248 from a mobile 3,991 from a tablet
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S H A R E D OW N E R S H I P … . .
Homes are available through different housing associations. You can buy shares worth between 25% and 75% of the property's market value and you pay a subsidised rent on the remaining share. You may need to raise a mortgage to purchase your share. If
you have a large deposit or equity from the sale of a property, this can also be used towards purchasing your share. . You can buy additional shares at a later date until you own 100%, if you wish to. This is called staircasing and the cost of the additional shares is based on the market value of the property at the time that you purchase the shares. If you increase your share in the property, your rent is re-calculated and reduced proportionately. If you wish to sell your property, your share is
marketed for sale by your housing association to allow other people in housing need to benefit from low cost home ownership. The property is resold at the market value of the property at the time of resale. We currently have 240 shared ownership
H E L P T O B U Y … .. .
Q. Who hides in the bakery at Christmas? A. mince spy.
This scheme offers a 10%20% equity loan funded by the Government through the Homes and Communities Agency (HCA) on new build properties. With a Help to Buy equity loan, the government loans you up to 20% of the cost of a new-build home, so you only need a 5% deposit and a 75% mortgage to
make up the rest. Help to Buy equity loans are open to both first-time buyers and home movers on new-build homes worth up to £600,000. You won't be able to sub-let your home. The equity loan is interest free for the first 5 years, after this, a fee of 1.75% rising annually by the increase (if any) in the Retail Price Index (RPI)
plus 1% .
We currently have 85 Help to Buy Developments adverted on our website.
R E S A L E S …… . Just like Shared Ownership, homes are available through different housing associations. You can buy the share being offered for sale, at open market value, plus an additional percentage depending on your affordability. You also pay a subsidised rent on the remaining share you don't own. You may need to raise a mortgage to purchase your share. If you have a large deposit or equity from the sale of a property, this can also
be used towards purchasing your share. You can buy additional shares at a later date until you own 100%, if you wish to. This is called staircasing and the cost of the additional shares is based on the market value of the property at the time that you purchase the shares. If you increase your share in the property, your rent is recalculated and reduced proportionately. If you wish to sell your property, your share is marketed for sale by your housing association
(through us) to allow other people in housing need to benefit from low cost home ownership. The property is resold at the market value of the property at the time of resale. We ask all housing associations to list their resale properties on our website. You can search for a home in the area you wish to live on our website. We currently have 379 re-sale properties advertised on our website.
The Beehive.
NEW YEAR, NEW HOME…..
Westcountry housing are offering the resale of a 3 bed property in Buckfastleigh. £46800 for a 30% share plus £403.54 rent and service charge. A local connection to the area of the Dartmoor National Park for a minimum of three years is required. To find out more information on this property visit our property search www.southwesthomes.org.uk
Westcountry offer the resale of 2 bed property in Hatherleigh. £64000 for a 50% share plus £155.13 rent and buildings and management fee To find out more information on this property visit our property search www.southwesthomes.org.uk
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The Beehive.
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C O N TAC T U S . . .
Hayley Rossiter Help to Buy Agency Manager Hayley.rossiter@southwesthomes.org.uk 0300 100 0021 Gwenda Beckley Help to Buy Manager gwenda.beckley@westcountryha.org.uk 0300 100 0021 Krystyna Wynn Help to Buy Team Manager Krystyna.wynn@sovereign.org.uk 0845 034 3303 Customer Service Team info@southwesthomes.org.uk 0300 100 0021 Help to Buy Team helptobuy@southwesthomes.org.uk 0845 034 3303 Mortgage Rescue mortgagerescue@southwesthomes.org.uk 01803 217606
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