Recent budget plans have been highlighted in the media, revealing that the Help to Buy equity loan scheme will be succeeded in 2021 by a new first-time buyer only, Help to Buy scheme which will run for two years.
Burrington Estates New Homes welcomes the Help to Buy Extension, offering the scheme available on all sites throughout 2019. The Government funded scheme allows you to buy a brand-new home up to the value of £600,000 (in England) with just a 5% deposit and a 75% mortgage up until 2021, this will then be superseded by the new scheme for first time buyers only on new homes up to the value of £349,000 in the South West.
The current scheme is available to first time buyers and existing home owners that wish to purchase a new build property. The Government will provide an equity loan of up to 20% of the value of the property, and it is interest free for the first five years, it can then be repaid at any time within 25 years (or the term of the mortgage) or on the sale of the property.
With Help to Buy being available across all of our developments in 2019, you could be one step closer to owning your Burrington Estates dream home. Find out more today.
For more information, please visit: https://www.burringtonestates.com/help-to-buy/
To view our new homes developments, please visit; https://www.burringtonestates.com/new-homes/
The Forces Help to Buy scheme is a scheme designed to help those in the armed forces get their boots on to the property ladder. The pilot scheme, which launched on 1st April 2014 has now been extended until 31st December 2018.
The scheme allows service personnel to borrow up to 50% of their annual salary, interest free, to a maximum of £25,000. This can be used towards a deposit and other costs such as solicitor’s and estate agent’s fees.
The grant, which comes from the MOD can be used in conjunction with the standard Help to Buy scheme. You can also apply for the Forces Help to Buy scheme on your chosen property up until the extension date (31st December 2018) but proceed with the purchase after this date.
Who can use the scheme?
All personnel who:
- Have completed the pre-requisite length of service
- Have more than six months left to serve at the time they apply
- Meet the right medical categories
For more information on how to register, please visit: https://www.burringtonestates.com/forces-help-to-buy/
To view our current developments, visit: https://www.burringtonestates.com/new-homes/ and contact us to find out what homes we have available
Following recent reports of up to a third of millennials ‘face renting their entire life’ Burrington Estates New Homes promote the benefits of the ‘Help to Buy’ scheme. The Government funded scheme allows you to buy a brand new home with just a 5% deposit and a 20% equity loan from the Government. Burrington Estates offers the promise of high-specification with exceptional standards in finishes and design across all of their new homes, meaning customers will not need to pay extra fees for flooring, turfed gardens and integrated appliances, that may come as an additional cost with other house builders.
Help to Buy is available to first time buyers and existing home owners who can use the scheme to move to a new property. The scheme is available on selected new homes valued under £600,000. Burrington Estates currently have new home developments operating in Cornwall, Exeter and Plymouth.
Colin Palmer, Managing Director says; “Help to Buy enables both first time buyers and existing homeowners to put down a 5% deposit for their new home and take advantage of the Governments 20% equity loan, providing access to more affordable mortgage rates. The recent stamp duty cut also benefits first time buyers with stamp duty abolished on homes under £300,000 and reduced rates up to £500,000.”
For more information on Help to Buy, or to view one of the show homes in the stated desirable locations, please contact Burrington Estates Sales team on 03333 445757 or email firstname.lastname@example.org