Following a relationship breakdown, many former homeowners can find themselves in the same situation as a first time buyer. This is exactly what happened to Bev Lloyd after separating from her partner.
She initially rented a house for herself and her eight-year-old daughter through a private landlord. “I didn’t think I had any option but to continue renting,” said Bev. “I’d heard about part buy/part rent schemes but didn’t think I would be eligible for a mortgage so hadn’t pursued them. I heard about Orbit Homes open day at their Blenheim Grange development in Carbrooke and went along out of curiosity more than anything else.
Attending the open day was the best move Bev could have made. She discovered she was able to purchase a 25 per cent share of a property through the HomeBuy Shared Ownership scheme and pay a discounted rent on the remaining share. This made the property much more affordable than her rented home, and it was hers. She was delighted!
“I'm going to be 40 this year so my new house is the best special birthday present that I could ever have wished for,” she said. “Finding out that I could buy my perfect house after all seemed too good to be true; I even got a cashback incentive on completion which paid for my legal fees.”
“I now live in a fantastic new house, with an enclosed garden within very easy reach of my daughter's school and with very good friends close by. I never dreamt that I would be able to afford a share in a brand new home but Orbit Homes were really friendly, and helpful. I had a long list of questions which were answered knowledgably and in a way that set my mind at ease about the purchase which, with Orbit Home’s support, went incredibly smoothly.”