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Hundreds across the Midlands attend Help to Buy roadshows

Almost 2,000 potential homeowners from across the Midlands are taking a step closer to getting on to the housing ladder thanks to a series of roadshows held in the region.

From Leicester to Northampton, and Stoke-on-Trent to Birmingham, 1,800 people have attended four Help to Buy Midlands roadshows to find out more about home ownership options.

With homes costing an average of £187,387 in the West Midlands and £176,620 in the East Midlands, homeownership is increasingly out of the reach of many people, but options such as shared ownership and equity loans give people an affordable route to owning their own home.

The free events provided people with an opportunity to meet a range of housing experts who could help them unlock their buying potential and get on the property ladder.

Around 384 people attended the roadshow in Leicester, 477 came along to the Northampton stop, 132 visitedStoke-on-Trent and an outstanding 834 came to the last roadshow in Birmingham on Saturday 19 March.

Exhibitors at the events included house builders with homes available through the Help to Buy Equity Loan and shared ownership schemes, and independent financial advisors providing free mortgage assessments and advice. A number of solicitors were also on hand to provide guidance on the conveyancing process.

Many of the exhibitors welcomed the opportunity to speak to the public and gainaninsight into their thoughts at the start of the house buying process.

Margaret Snook, head of Help to Buy Midlands, said: “We were amazed by the amount of people who attended our roadshows. Getting onto the property ladder can be both difficult and confusing and Help to Buy Midlands helps future homeowners explore their options and see what is best for them.”

Retail workers Steve and Kelly are now enjoying life in their new homes after being helped back onto the property ladder by the Help to Buy Equity Loan Scheme.

The couple, who are both aged 38 and each have a daughter from a previous relationship, were living with their respective parents as a way to save for a home big enough to accommodate the whole family.

Having looked at hundreds of homes in their home town of Redditch, Steve came across a three-bedroom property on Taylor Wimpey’s Lucet Meadows development in Redditch.

Kelly said: “We went along to the show home and fell in love with the place. At first, we weren’t sure if we could afford it, but after speaking to the sales assistant and a mortgage adviser, we found out how Help to Buy works. We did our own research to make sure Help to Buy was right for us and then went ahead and reserved a three bedroom home.”

Steve added: “Using Help to Buy has given us the chance to own a larger home than we could have afforded without the scheme. We’re able to enjoy it now rather than having to wait years to be able to purchase a home of the same size.”

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