Two new initiatives available to help homebuyers
22 Sep 2021

Two exciting new initiatives ?" Proportunity and Generation Home ?" have been launched to help homebuyers secure their dream property, benefitting both first time buyers and existing homeowners. Inspired by the government’s Help to Buy scheme and organised with independent mortgage specialists, The Mortgage Brain, Proportunity enables homebuyers to purchase a new home with just five per cent deposit and a Proportunity equity loan up to 25 per cent (paying a fixed interest rate for the first five years), with a mortgage for the remaining amount. To be eligible for Proportunity: • You’ll need a five per cent deposit of the purchase price • The property must be your only home Sales and marketing director, Sue Scholfield commented: “With interest-only monthly repayments and rates fixed for the first five years, Proportunity is a great way for homebuyers to afford the space they need. As the mortgage is for 70 per cent of the price, it will enable buyers to access lower rates and the home is also 100 per cent theirs; it really is a fantastic scheme.” Felicity Barnett from The Mortgage Brain added: “It's such an exciting time for new build with new opportunities being sought to replace the success of the soon to finish Government's Help to Buy scheme. Proportunity does exactly that. It fills a gap. For those wishing to buy above the regional price caps or who are not eligible for the current Help to Buy scheme, it offers the opportunity to buy now rather than wait. Most importantly get advice, each person’s circumstances are unique, so get the right advice for you.” Also available and called Generation Home, is a new scheme that has been launched to enable buyers to purchase a new home by using deposit boosters and income boosters to afford the space that they need. Deposit boosters This is a secured loan that can be made by anyone. Friends or family can choose whether it’s an equity loan, where their stake increases and decreases in line with property value or if it’s a deposit loan, where they’ll receive back exactly what they put in. Alternatively, it can be turned into a gift at any time. Income deposits Immediate family members can be added to your mortgage, either contributing to the payments or be on standby to help and support with affordability. Felicity commented: “Generation Home is truly a revolutionary product to the market where they have really shown common sense and a clear understanding of the current challenges buyers face. Whether you are a first time buyer or a mover, if you have a support network willing to help you get on the property ladder, you have the opportunity to buy. What I love most about this product is its unique flexibility and protection for all involved. Gifted deposits can be a choice rather than mandatory and instead family and friends can choose to invest in you and your property.” Both Proportunity and Generation Home are available at Vistry Western developments, which includes Bovis Homes and Linden Homes in Bristol, Wiltshire, Somerset and Gloucestershire. Sue added: “Generation Home is a fantastic scheme, which can help first and second time buyers move. We have many initiatives available that are designed to assist. If you’re unsure if you can afford to move, make an appointment to speak to one of our sales consultants and we can talk you through everything. We can arrange for you to speak to an independent mortgage advisor who can let you know about all the options ?" you could be moving sooner than you think.” For more details contact Bovis Homes at

References to “we”, “us” or “our” are to the part of the Vistry Group (including Linden Homes, Bovis Homes, Countryside Homes, Drew Smith or one of Vistry’s joint venture companies) from which you are intending to purchase a new home. References to "you” and “your” are to the prospective buyer or buyers of a new home from us.

All images are used for illustrative purposes only and are representative only. They may not be the same as the actual home you purchase and the specification may differ. Images may be of a slightly different model of home and may include optional upgrades and extras which involve additional cost. Individual features such as windows, brick, carpets, paint and other material colours may vary and also the specification of fittings may vary. Any furnishings and furniture are not included in any sale. Please check with our sales consultants for details of the exact specifications available at the development(s) for each type of home and the associated prices.