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First Time Buyers Initiative (FTBI) Scheme

The First Time Buyers Initiative was fundamentally a Shared Equity Loan based upon 50% of the value of the new build property.  This loan was provided by the Government interest free for the first three years and then a percentage payable from a three to five year period.

It was possible to purchase additional shares in the property but this was based upon the market value of the property at that particular point in time.  The valuation being carried out by an RICS registered valuer.

If the loan was to be re-paid by re-payment, re-mortgage or through sale then the full percentage of the shared equity was to be repaid on completion.

The valuation process for the First Time Buyers Initiative follows the same lines as a Help to Buy valuation and needs to be instructed accordingly.


R J Harmer Ltd has been established for over 25 years and offers professional advice to a number of National Clients.

Our services range from Part Exchange Agency to the specialism of Help to Buy valuations, property survey and valuation and New Homes sales and land agency.

Our personal and professional approach has allowed us to develop on a National Basis and offer our clients a reliable and efficient service – indeed many of our national clients have been with us since we began.

Our geographical area for Help to Buy valuations has a national coverage. We cover most of the Midland cities, including Leicester, Lincoln, Nottingham, Derby, York, Sheffield, Leeds and Birmingham . Our regional counties include. Cambridgeshire, Lincolnshire, Northamptonshire, Bedfordshire, Warwickshire, Leicestershire, Rutland, Nottinghamshire, Derbyshire, South Yorkshire and West Yorkshire,

Hi Tracey Many thanks for sending this through and for the advice – most helpful. I have just sent the documents and spoken with Target on the phone (Caitlyn) who took my payment, looked over the documents and uploaded them to the redemption team as we spoke. Thanks again for yours and Richard’s help. All the Continue Reading

Hi Tracey, I would like to let you and Richard know that my Help to Buy Redemption has now been successfully completed. Thank you both for your great service and valuable advice with regards to the redemption process, much appreciated. Regards   –   Amit/Roshni

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