New homes in listed buildings now available with Help to Buy from City & Country
City & Country Group has won many awards for its sensitive renovations and new-builds on highly desirable sites around London and the Home Counties, invariably focused on an historic, listed building oozing character and a distinguished heritage. Now buyers can acquire one of its homes with a small deposit thanks to the government-backed Help to Buy scheme.
City & Country is now offering the equity share part of Help to Buy which was launched in April this year. Available on properties valued up to £600,000, Help to Buy provides up to 20% of the price of the property in the form of an equity loan from the government. The buyer has to provide a deposit of at least 5% and find a mortgage for 75% of the property price. There's no interest on the equity loan for the first five years.
There are two current developments from the company where Help to Buy is available:
The Galleries, Brentwood, Essex - a Victorian gothic former asylum has been transformed into new homes and is just a few minutes from the centre of the popular Essex commuter town. Two-bedroom apartments start at £255,000.
The Garden Quarter, Caversfield, Oxfordshire - the 23-acre former RAF Bicester site has 18 listed buildings on it and now offers a mix of apartments and cottages, with prices starting at £250,000.
Helen Moore, Managing Director at City & Country, says: "We are delighted to be offering Help to Buy at our developments and to be able to give our customers the opportunity to live within one of our aspirational and unique Grade II-listed properties with a relatively small deposit. We appreciate that many buyers in today's climate cannot afford to buy or move due to significant deposit requirements that are out of their reach.
"The Help to Buy scheme is an excellent way for City & Country to assist our customers, as they will only require a 5% deposit and pay just 80% of the market price today. We have already secured reservations at both developments to young first-time buyers who would otherwise not be able to make their first step onto the property ladder. They have been absolutely delighted that purchasing through Help to Buy has allowed them to acquire a truly individual listed property at a more affordable price."
Find out more about the Help to Buy offer from City & Country Group by calling 020 7324 2808.