The UK government has announced this that a new ‘Help to Buy’ scheme aimed at getting First Time Buyers on the property ladder will be launching next month.
Homes England has revealed that applications for the Help to Buy: Equity Loan scheme – which sees the government lend up to 20% (40% in London) of the cost of your newly-built home – will open on Wednesday 16th December.
First Time Buyers will be able to apply for new build homes, and it will cover the period of 2021 – 2023.
Those ready to get their foot in the housing market will need to provide a deposit of at least 5%, and the mortgage offer must be to the value of 25% or higher in order to make up the remaining amount.
No interest will be charged on the 20% loan for the first five years of owning the home.
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There are also a number of eligibility requirements for the house, which states that it must be newly-built and can cost up to £600,000, and it’s also required that applicants can provide proof of the ability to afford the monthly fee and interest payments.
They must also not own any other properties, and are not permitted to sublet or rent out the property after purchasing it.
Homes can be reserved using the scheme from mid-December, allowing purchasers to collect the keys to move in to their new property from 1st April 2021.
The Help to Buy: Equity Loan scheme is due to end on 31st March 2023.
Speaking about the new scheme, Robert Jenrick – Secretary of State for Housing, Communities and Local Government – said: “The government is providing more ways to help families onto the housing ladder, and provide that life-changing moment when you get the keys to your own home.
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“Alongside First Homes, Shared Ownership and our £12bn investment in affordable housing, our new Help to Buy scheme will help thousands more families take their first step into a home of their own.”
Homebuyers can apply for a Help to Buy: Equity Loan (2021-2023) from 16 December 2020, with a homebuilder registered for the scheme. pic.twitter.com/IcTPzE78VX
Will German – Director of Help to Buy at Homes England – added: “Help to Buy has already helped more than 270,000 people into homeownership and 82% are first-time buyers. We’re pleased we can help homebuyers with smaller deposits to own a home, at a time when there are fewer options open to them.
“Housing, like most sectors, has experienced a slowdown during the COVID crisis, but Help to Buy continues to give homebuilders the confidence to keep on building at a more crucial time than ever.”
Those planning on utilising the Help to Buy: Equity Loan scheme are encouraged to note that Homes England will then have an entitlement to any proceeds in the future sale of the home, and will seek to take the same percentage of the profits as what it originally put in.
You can find more information about the Help to Buy: Equity Loan scheme via the gov.uk website here.
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Space NK to give away hundreds of free goody bags at opening of new Trafford Centre store
Emily Sergeant
Space NK is set to open its new store in the Trafford Centre this weekend, and hundreds of shoppers are expected to turn out.
As the leading beauty retailer – which also recently just opened a swanky new store in Manchester Arndale – prepares to welcome cosmetics fans through the doors of its newest Greater Manchester home this weekend, customers are being told they’re in for a real treat, as the brand has now confirmed some exciting launch day plans.
The first 300 people to visit the new Trafford Centre store on Saturday (21 September) when it opens at 10am will receive an exclusive Space NK goody bag filled with items from some of the world’s best beauty brands.
Not only that, but the first 200 shoppers to spend £150 in store will also receive a goody bag that’s worth an incredible £300.
Known and loved by millions of shoppers all across the country for offering a wide range of products, including skincare, cosmetics, and even beauty ‘gadgets’ too, Space NK stocks more than 130 world-renowned brands.
Drunk Elephant, Nars, Charlotte Tilbury, and Diptyque are just some of the big names the retailer is known to stock, alongside a whole host of exclusive products.
The new Trafford Centre store will feature 18 makeup ‘gondolas’, more than 300 shelves of the most in-demand brands, and dedicated areas for customers to try products at their leisure.
Space NK is opening a new store in the Trafford Centre this weekend / Credit: Space NK (via Facebook)
To make sure no launch-day customer walks away empty handed, Space NK branded tote bags will be handed out to Trafford Centre shoppers, alongside a selection of different beauty samples for anyone joining the queue.
Across the opening weekend, on both Saturday and Sunday, any customer who makes a purchase in-store will also get the chance to play the ‘Spin to Win’ wheel game, and there’s loads of amazing prizes set to be won – including a much-coveted Space NK advent calendar, just in time for the festive season.
DJs will be blasting tunes to entertain shoppers all weekend long, and there’ll also be an exclusive set from TikTok sensation, the Altego twins, as well as complementary croissants and cookies for the first customers in the queue.
Space NK will be located on Lower Peel Avenue in the Trafford Centre, and it officially opens for business from 10am on Saturday 21 September.
Featured Image – Supplied
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A popular Manchester bar is giving away hundreds of FREE beers next week
Emily Sergeant
One of Manchester’s most popular city centre bars is set to give away hundreds of free beers for just two days only.
And it’s all to celebrate the long-awaited return of Oktoberfest.
In case you hadn’t heard, Manchester is gearing up for a two-week “Bavarian extravaganza” starting at the end of this month, as popular city centre hangout, Albert’s Schloss, unveiled its programme of Oktoberfest-themed events a couple of weeks back, and it’s packed with plenty of bier-fuelled fun, foodie classics, and round-the-clock revelry.
The much-loved venue has become “the ultimate purveyor of Bavarian bliss” in Manchester over the years, and 2024 is expected to be absolutely no different.
Revellers are invited to head on down to Schloss for a whirlwind of celebrations.
Throughout the 16-day event, which is kicking off from next Thursday 26 September, you can get stuck into everything from ‘Keg Tapping’, and sipping specially-selected beers, to experiencing must-see “eclectic” entertainment, a live Oompah brass band, best dressed competitions, and a whole host of other games and activities.
But it wouldn’t be Oktoberfest without the beer, right? Or should we say, ‘bier’.
Luckily, Albert’s Schloss will be serving Munich’s ‘Big Six’, making it the only venue in Manchester to serve all six of the legitimate Oktoberfest beers synonymous with the festival this year.
Annual Oktoberfest celebrations are returning to Manchester with a two-week ‘Bavarian extravaganza’ / Credit: Supplied
To celebrate the festivities in true Bavarian style too, Schloss will be giving away 100 free biers to the first 100 guests through the door on both Thursday 26 September and Thursday 3 October.
Eager bier-lovers will need to be ready to enter the venue from 5pm on both Thursdays if they want be in with the chance of getting to sip on a pint of Höfbrauhaus, Löwenbräu, Augustinerbräu, Paulaner, Hacker-Pschorr, or Spaten-Franziskaner from the classic lineup, all without having to spend a single penny.
Schloss’ beloved Cook Haus will also be offering Oktoberfest classics too, like crispy Bavarian Schweinshaxe pork knuckle, and a whole section dedicated to Schnitzels and the traditional Bratwurst.
Oktoberfest 2024 is running at Albert’s Schloss Manchester from Saturday 21 September – Sunday 6 October, and you can find out more on the venue’s website here.
Emily Sergeant -
19th November 2020 
