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This weekend (Saturday 25 and Sunday 26 July), St. Modwen Homes and Mortgage Bureau will be hosting a special event in Rugby, designed at answering people’s questions about the Government’s Help to Buy scheme.

Free for everyone to attend, the Help to Buy events will take place between 10am and 5pm at St. Modwen Homes’ Edison Place development, located off Technology Drive in Rugby.

The event will give househunters the opportunity to speak to local IFAs (independent financial advisors) about the equity loan scheme, helping people understand how the scheme could help them purchase their first home or move up the property ladder.

Help to Buy has proven hugely successful since it was launched in 2013, helping thousands of people to buy a new home. Under the scheme, people pay just 80% of the listed purchase price of a property, made up of a 5% deposit and a 75% mortgage. The Government will provide an equity loan of up to 20% to cover the remaining cost which is interest free for the first five years.

Bev Hall, Sales and Marketing Director at St. Modwen Homes, said: “Nearly 69% of our homeowners at Edison Place have used Help to Buy to purchase their new home in the past year yet we’re aware that many people still have lots of questions that they would like answering. Our Help to Buy event will give people the perfect opportunity to get their questions answered, whether they’re wondering how much deposit they’ll need, how the repayments work or what the next steps in the process are.

“All our homes are available to purchase under Help to Buy and whilst, to date, the scheme has proven most popular with first time buyers, it is also available for those looking to move up the property ladder.”

Jon Quilliam, Independent Financial Advisor at Mortgage Bureau, said: “Purchasing a new home is one of the biggest decisions people make so it is vital that home buyers feel comfortable with any house-buying initiatives they plan to use. This open event will allow people to gain further understanding about Help to Buy and take away some free advice that will help them make an educated decision about using the scheme.”

Currently there are just two one bedroom apartments, with prices starting from as little as £125,995, and a mix of two and three bedroom houses remaining for sale at Edison Place. Prices for the new homes start from £172,995. All St. Modwen Homes’ houses have been designed with the developer’s philosophy of light and height, meaning each property benefits from high ceilings and large windows, as well as a high specification of fixtures and fittings, to ensure a spacious, comfortable and attractive home.

Anyone interested in finding out more about Help to Buy is invited to drop in to one of the open events. The event at Edison Place will take place in the marketing suite located off Technology Drive in Rugby (postcode CV21 1RW). For more information call 0844 243 4646, alternatively visit or follow us on Twitter @StModwenHomes and on the Edison Place Facebook page.