Property News

New help to buy scheme lifts county’s prospective buyers

Just 5% deposit can help first-time buyers to get foot on the 'ladder'

First-time buyers in the county will have an opportunity to take their first steps on the property ladder next month, following the launch of a new Government-backed Help to Buy scheme.

The newly-launched 5% deposit scheme is now exclusive to first time buyers and is available with new homes which are built after April 1.  Available throughout England, there are regional price caps in place which limit the price on Help to Buy homes, which in Kent is £437,600. This means that homebuyers throughout the county will be able to purchase a range of new homes with the support of Help to Buy.

Local housebuilder Barratt David Wilson Homes is fully registered with Help to Buy and is ready to assist prospective buyers at its new homes developments throughout the county.

Aylesham Village, the Loughton

Natalie Perry, sales and marketing director for Barratt David Wilson Kent, says: “The launch of this new first time buyer-focused Help to Buy scheme is one to be welcomed in Kent. As well as reducing the upfront deposit typically required for those first-time purchasers, it helps make monthly mortgage payments more affordable – especially when compared with rates typically available with a 95% mortgage.”

“Help to Buy will prove especially appealing to those who have limited access to the ‘Bank of Mum and Dad’, as well as those who may be caught in the rental trap and finding it hard to make additional savings.”

With Help to Buy, buyers are able to purchase a new home with just a 5% deposit and a 75% mortgage. The remaining 20% is funded by an equity loan, interest-free for the first five years and repayable on the sale on the home.

“We have a range of properties that will fall within the regional price cap for Kent, from two-bedroom homes at Aylesham Village near Canterbury and Dickens Gate in Staplehurst, to larger three-bedroom homes at Richmond Park in Dover and Chilmington Green in Ashford,” says Parry.

For more information about Help to Buy, call the Barratt David Wilson Homes sales team on 0333 355 8502 / 033 355 8503 or visit www.barratthomes.co.uk / www.dwh.co.uk.

The Bay at Chilmington Green
Tags

David Buckley

Dave Buckley is a career journalist. “I once went painting girders for a week and discovered I didn’t like heights,” he says. “Apart from that it has always been journalism for me in one form or another.” Past local weekly publications he has worked for include: the South-East London Mercury* covering the Borough of Greenwich as a junior reporter; Orpington-based News Shopper as a sub-editor; and the Kent Messenger when based in Larkfield, Maidstone, as deputy chief sub-editor. He has also worked for the following dailies/nationals: Daily Express, Today*, News of the World* and Hong Kong Star*. All those marked with an asterisk no longer exist (trend emerging?). He owned and edited a Thailand-based property magazine before returning to England and currently works as a production editor on a car fleet magazine. His first foray into property ownership saw him move from London to Rainham (the Gillingham, Kent, variety). He has subsequently lived in Chislehurst, Petts Wood and Orpington in the Borough of Bromley (which he still regards as being in Kent). In more recent years he owned three different properties on the Kings Hill (West Malling) development.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close