If you are looking to purchase a new home as ‘Buy to Let’, we can advise estimated rental values.
If required, our in-house interior designer will be happy to source furniture or put together an entire ‘package’, saving you time and effort.
If you are looking to rent one of our properties, please contact us for details of our portfolio of luxurious rental properties. Our new homes are of a high standard and are much sought-after for rental purposes.
Help To Buy is a Government-backed scheme which means that, if you’re eligible, you are able to buy your new build home with a cash deposit of just 5%.
The scheme is available with any of our new homes priced below £600,000
The Government lends you up to 20% of the cost of your home, so with your 5% deposit, you’ll only need a 75% mortgage to cover the rest. The equity loan is interest free for the first five years.*
The loan is paid back either at the end of the mortgage term or when you sell your home.
A Summary of the Help to Buy Equity Loan:
Available on new build homes up to £600,000 in England
The Government lends you up to 20% of the property value through an Equity Loan
The loan can be repaid at any time during the loan term or on the sale of your house
You won’t be charged any loan fees for the first five years
You will need to secure a mortgage of up to 75% of the property’s value
You will need to pay a deposit of at least 5% of the property’s value
There’s a range of competitive mortgage rates available so you’ll be able to find something to suit your budget.
If you’re looking to buy a new home priced at £595,000
you’ll need to put down a deposit of £29,750
and the Government will provide you with an equity loan of £119,000
That means you’ll need a mortgage to cover the remaining 75% (£446,250)
At the end of the five year period, you’ll pay just 1.75% interest
which will rise annually depending on inflation (the increase, if any, in the Retail Price Index + 1%)