Wed 26 Jul 2017
Sowerbys are delighted to be the selling agents for Lovell homes on their exciting new development in Holt “Heath Farm, the development of 162 high quality new homes, with a mix of 2, 3, 4 and 5 bedroom houses and bungalows.
Each Lovell home is built to incorporate style and quality into each property, ensuring they are both functional and fashionable with the latest fixtures and fittings. There is also the Help to Buy scheme making the cost of moving more affordable.
Come and see us in their new marketing suite which is opening on Saturday 29th July 2017.
ABOUT LOVELL HELP TO BUY
Make the cost of moving more affordable with the government Help to Buy scheme, offering two new ways to buy a new Lovell home with just a 5% deposit.
Help to Buy: Equity Loan Those looking to buy with Help to Buy:
Equity Loan will only require a 5% deposit as the Government will provide up to 20% of the value of the property in an equity loan, allowing buyers to access mortgages of up to 75% of loan to value. Help to Buy: Equity Loan is available on new build properties in England and is available to all homebuyers (not just First Time Buyers) and has no personal income restrictions. Although it is only applicable to homes which will be your primary residence (no buy-to-let) with a value of up to £600,000. The Equity Loan can be repaid at any time. It will be interest free for the first five years and then charged at 1.75% of the market value of the property, rising annually by RPI plus 1%.
Help to Buy: Mortgage Guarantee The Help to Buy:
Mortgage Guarantee is also available on new build and existing homes. If you can afford the repayments but don’t have a large deposit (minimum 5%) the Mortgage Guarantee offers you a mortgage of up to 95% from participating mortgage lenders. The lender can now offer up to a 95% mortgage as the Government will provide the lender with a guarantee of up to 15% of the property value, reducing the risk for lenders and enabling the lenders to offer you more competitive rates. The Help to Buy: Mortgage Guarantee scheme is available on all Lovell house purchases up to £600,000 in England, Scotland and Wales.
To access the 'Help to buy calculator' please click here.
"With many thanks for your determination and hard work! We'd never have got there without you!"