Buying a home

There is a wide choice of homes to buy in East Staffordshire.

Some homes in Burton and Uttoxeter are comparatively cheap and attractive to first time buyers, but there is also a large choice of higher cost housing which is attractive to higher earners.

The main estate agents covering East Staffordshire are found in Burton upon Trent and Uttoxeter. Homes in and around Abbots Bromley may be sold through agents in Stafford and Lichfield, and homes in and around Mayfield through agents in Ashbourne.  There are also websites that provide sales information.

The following schemes are designed to help you buy yourself a home:

There are also a number of options for older people:

Help to Buy Equity Loan Scheme

The Help to Buy Equity Loan Scheme lends you 10-20% of the value of a brand new home, and you pay no interest on this for the first 5 years. You need to be able to pay a deposit of 5% and to secure a mortgage for the balance.

The scheme is open to existing home owners as well as to first time buyers. For more information about local availability contact Help to Buy Midlands or phone 03458 50 20 50 Option 2. For information about the scheme see Help to Buy Equity Loan.

Low cost home ownership

There is general information about affordable home ownership on the government website, GOV.UK

Shared ownership means you buy between 25% and 75% of the value of a home and pay rent to a housing provider on the remainder. Advantages include:

  • Smaller deposit
  • Smaller mortgage
  • Some properties may be brand new
  • Others are re-sales which means they are cheaper, but they will still be recently built
  • An affordable way to get your foot on the housing ladder
  • If the value of your home increases then the value of your share increases
  • As and when you can afford to, you can buy extra shares of the property, and in most cases you can end up owning the whole of your home so that you no longer have to pay any rent
  • You can choose to sell if and when you want to move

Shared ownership housing is often advertised through mainstream estate agents, so it is worth searching on-line and asking agents about availability. Also see Trent & Dove Shared Ownership and Orbit help to buy.

Discounted sale housing may sometimes become available, particularly in rural areas. This is housing which can only be sold at a discount, so you can buy it more cheaply, but then you can only sell it at the same discount. This housing is advertised through estate agents.

Be aware that some mortgages cannot be used for shared ownership or discounted sale purchase; speak to your mortgage advisor about available options.

Help to Buy Mortgages

Help to Buy Mortgages lend up to 95% of the value of a home (95% LTV) because the Government provides the lender with a partial guarantee. Mortgages can be used to buy existing homes as well as brand new homes. For more details see Help to Buy Mortgage Guarantee.

New Buy

NewBuy provides 90-95% mortgages like a Help to Buy Mortgage, but it is specifically for brand new homes built by participating developers. Barratt, Belway and Morris Homes are currently participating in East Staffordshire. For more details see NewBuy.

Housing for Older People

See Housing for older people to find out about different housing options including specialised housing for sale.