Wednesday, August 5, 2020

Beal Homes launches support package for buyers during coronavirus crisis

Housebuilder Beal Homes has launched a support package to help homebuyers who face having their lives and future plans put on hold by the coronavirus crisis.

The ‘Helping you make your move’ package brings together a unique combination of assistance to overcome current challenges in the housing market, demonstrating Beal’s commitment to supporting people to make the house move they need or want to make.

Whilst the COVID-19 emergency has brought a new level of uncertainty to the market and made it difficult for some people to move home, others still need to, for reasons such as changed domestic circumstances, growing families or work relocation.

East Yorkshire-based Beal is now offering a full package of help and reassurance to support buyers who don’t want to be left in limbo, including part exchange, initiatives for first-time buyers, schemes to sell existing properties and move into a new Beal home, and six months’ mortgage paid on selected homes.

“We appreciate this is a rapidly-changing situation which has affected people’s lives in so many ways and made it more difficult than previously to move home,” said Chief Executive Richard Beal, who is delivering a range of developments in Hull, East Yorkshire and Lincolnshire.

“But this is where we can come in and do what we do best, with our comprehensive, tailored package of support, available every step of the way. We’re here to help, now more than ever.”

The support includes:

Part exchange

Beal’s part exchange scheme has five easy steps, including purchasing the buyer’s existing property and support to move into their new Beal home.

Smooth Move

Beal’s tailored and personal service will take care of much of the process of buying and selling, so customers can be assured of a stress-free move to their new home. The service works equally well for buyers moving up the housing ladder, downsizing or purchasing a comparable property.

Flexible exchange

Beal has pledged to be accommodating and understanding on contract exchanges dates in the current circumstances, providing peace of mind to both buyers and sellers.

Launch Pad

An exclusive initiative, on selected plots, to help first-time buyers take their first step on the property ladder, offering them £5,000 towards their deposit, or to spend on extras and upgrades on their new home, as well as up to £1,000 towards legal fees.

It also includes six months’ mortgage paid on selected, ready-to-move-into view homes.

Beal will also guide customers on how they can benefit from the Help to Buy scheme, under which the Government offers an equity loan of up to 20% to purchase a newly-built home, including changes that will take effect next year.

In addition, Beal can put buyers in touch with an independent mortgage advisor, who will provide expert advice on house purchase funding, including how to take advantage of Help to Buy.

Furthermore, Beal’s sister company – lettings business Yorkshire and Lincolnshire Developments – may also be able to support those requiring a short-term let if there is a gap between their house sale and new purchase or while they wait for their new Beal home to be completed.

The assistance is the most comprehensive package of support to buyers ever offered by Beal and reflects the unprecedented current situation.

“Although our head office and marketing suites are currently closed and construction has been halted on our developments until further notice, to safeguard the health and safety of staff and customers, we remain very much open for business,” said Sales and Marketing Director, Sue Waudby.

“We may be looking after our customers differently, but we are doing absolutely everything we can to help people make the moves they need or want to make.”

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