Help to Buy in Reality: Large Family Home in Sussex for Large Family

A family of six have bought their first home in Sussex through Help to Buy. The Ritchie-Butler’s now own a four-bedroom house in Crawley Down, at Redrow’s Kings Acre development.
Thanks to the scheme, Airline Pilot Jamie, full-time mum Tamsyn and their four children have moved into a home of their own having rented in Horley for the past few years. The couple wanted some extra room for their twin girls Blossom and Daisy, four-year-old son Teddy and ten-year-old Charlie.

The Ritchie-Butler’s bought their home for £459,995, and were then able to capitalise on the Help to Buy initiative to help them secure a mortgage.

The figures

Cost of Home =£459,995
5% Deposit = £23,000
20% Balance = £92,000 – as a five year interest free equity loan through the Government Help to Buy Scheme.

Jamie and Tamsyn Ritchie-Butler with their twin girls Blossom and Daisy
Jamie and Tamsyn Ritchie-Butler with their twin girls Blossom and Daisy

For the Ritchie-Butlers, the scheme helped them keep their mortgage payments down. Jamie said: “If you asked a bank manager for an interest free loan for £92,000, you’d just get laughed out of the building. But with Help to Buy, the government is obviously covering a large part of the mortgage, so it means that your repayment rates come down and you can purchase a house with a much smaller deposit.

“I honestly cannot stress how important this scheme was to us – I’m not sure we’d have been able to buy this home without the initiative.”

Further four-bedroom homes at the Kings Acre development are still available priced from £459,995.