Posted 25 September 2018 by
Rupert BatesHelp to Buy is a government-backed scheme that allows a more affordable way of climbing the property ladder, for both current homeowners and first-time buyers.
This scheme means that you have to pay a deposit of just a 5% of the property value. The government provides a 20% equity loan, which is interest-free for the first five years. You will need a mortgage for the remaining 75% of the property value. After the five-year period has ended, you will need to pay monthly interest on the Help to Buy loan over the period that you own the property. On selling the property, you will need to pay the government 20% of the value when sold.
By helping homeowners, both new and experienced, climb the property ladder, Help to Buy is an increasingly popular scheme. Explore the range of affordable new homes in the South East here.
It’s the next phase to the Crest Nicholson development in Ashford, providing two- and three-bedroom apartments, as well as two-, three- and four-bedroom houses. This diversity of properties makes this development desirable for both first-time buyers and growing families. Prices range from £255,000 to £368,000.
This development not only has a lot of green space, but all the local amenities you may need right are on your doorstep. There is a new school currently under construction near these new homes and plenty of play areas for families. There are many places to go for a day out or evening dinner. The marketing suite is open seven days a week, Friday to Wednesday from 10.00am to 5.00pm, and Thursdays from 10.00am to 7.00pm.
Example: Two-bedroom apartment, £255,000
Deposit 5% = £12,750
Help to Buy loan 20% = £51,000
Mortgage 75% = £191,250
Approximate household earnings needed, £63,750
This new development in the tranquil seaside town of Bexhill-on-Sea has a range of one- and two-bedroom apartments and three-, four-, and five-bedroom houses. These homes in the suburbs are a perfect location for those looking to escape the busy city life, whether you are a first-time buyer or looking to relocate and upsize.
Rosewood Park is surrounded by amenities that most buyers look for when getting on the property ladder. There is a range of restaurants, pubs and cafes as well as the miles of beach to relax and unwind. The marketing suite is now open five days a week so you can get a taste of life there: Thursday to Sunday from 10.00am to 5.30pm and Mondays from 12.30pm to 5.30pm.
Example: One-bedroom apartment, £173,000
Deposit 5% = £8,650
Help to Buy loan 20% = £34,600
Mortgage 75% = £129,750
Approximate household earnings needed, £43,250
This development is made up of one- and two-bedroom apartments with allocated parking spaces. The ideal location offers easy access to great amenities, schools and green open spaces. With contemporary design and designer finishes, these apartments are perfect for first-time buyers looking to make their mark on their first home.
With built-in wardrobes and plenty of storage, these homes allow for optimum open-plan living space. Weston Homes have a marketing suite open seven days a week on Nightingale Rise. These are open from 10000am to 5.00pm each day.
https://www.whathouse.com/housebuilders/weston-homes-plc/buckinghamshire-buckingham/nightingale-rise/
Example: Two-bedroom apartment, £185,000
Deposit 5% = £9,250
Help to Buy loan 20% = £37,000
Mortgage 75% = £138,750
Approximate household earnings needed, £46,250
This new collection of countryside homes is made up of two-, three-, four- and five-bedroom homes. These are ideal for both first-time buyers looking to get on the property ladder, as well as growing families and those looking to modernise. The modern design not only looks good, but also provides a more energy efficient home.
The village of Aylesham is where you will find a variety of shops, cafes, restaurants and pubs. The location is just eight miles out from Canterbury from where it would take just over one hour into London. Aylesham Village’s marketing suite is open from Tuesday to Sunday from 10.00am to 5.30pm, and Mondays from 12.30pm to 5.30pm.
Example: Two-bedroom, semi-detached house, £215,000
Deposit 5% = £10,750
Help to Buy loan 20% = £43,000
Mortgage 75% = £161,250
Approximate household earnings needed, £53,750
Useful links
Search Help to Buy
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Find out about all David Wilson Homes current properties
Find out about all Weston Homes current properties
Find out about all Barratt Homes current properties
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