Wednesday, 18 May 2016
New homes, new ways to buy
New Homes Week, run by the Home Builders Federation (HBF), has issued a new survey which shows that 84 per cent of 18-34 year olds want to own their own home. This figure is encouraging but, interestingly, one in four were unaware of the different schemes on offer to help them get onto the property ladder.
Larkfleet Homes offers new home buyers a number of schemes including the government Help to Buy equity loan scheme.
The Help to Buy scheme allows the homebuyer to own 100 per cent of a new Larkfleet home with just a 75 per cent mortgage and a 5 per cent deposit. The remaining 20 per cent of the purchase price is paid for through an equity loan from the government which can be repaid at any time or on the sale of the home.*
Whilst we appreciate that getting on the housing ladder can seem like a distant possibility for many young people, there are choices available due to schemes such as this and the Help to Buy ISA, which make owning your own new home a real option.
New build homes are perfect for first time home buyers, as well as those looking to move to family homes or downsize, because they come with brand new fixtures and fittings, along with low running costs. In the case of a Larkfleet new home, we fit solar panels as standard so it may even be that your new home earns you money!
* subject to approval
Labels:
#NHW16,
Help to Buy,
new homes
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