The doors are being thrown open on Saturday and you might be surprised what you can afford with a little help.
First and second time buyers looking for a new home in the heart of Bristol are being invited to an open day at The General this Saturday (May 12).
The event, hosted by City & Country, will allow visitors to view a range of apartments that are all available with Help to Buy. These include properties inside the sympathetically converted Grade II listed former hospital, as well as contemporary apartments in The New Yard, a collection of four new buildings adjacent to The General.
Help to Buy equity loans aren’t restricted to first-time buyers, so if you can’t quite get into the financial position to buy your second stepper, this could still be the path for you.
The scheme allows you to purchase a property with as little as a five percent deposit on a newly built home up to £600,000.
The government lends you up to 20 percent of the cost of your home, and you take out a 75 percent mortgage, helping you to access more favourable interest rates.
You will not be charged fees on the government loan for the first five years of owning your home, but when you sell you will have to pay back the proportional share of the property.
“Many house hunters don’t realise that Help to Buy is available to people who have bought a property before, looking to move for the second or more time. So, if you’re looking to move into a larger property up to the cost of £600,000, you can use Help to Buy,” Suzanne Aplin, Sales & Marketing Director at City & Country explained.
“Independent financial advisors will also be here on the day to help visitors understand what they could afford using the scheme.”
The sneak peek from the photos released of the development reveal a stunning transformation.
Suzanne said: “We have a fantastic range of apartments at The General to meet different tastes,”
“If you like period history and striking architecture of a historic building, then you’ll love the apartments within The General. If you like the efficiency and ease of a new build home, then The New Yard is a perfect choice.”
A number of the properties have already been snapped up using Help to Buy. James Knight thoroughly recommends the experience, after he who used the scheme to purchase his first home at The General.
“The high ceilings of my flat let in a lot of light, it’s very well finished and no room is the same,” he said.
“I knew what was happening at every stage of the purchase. The sales team kept me posted on everything, like time scales and all of the contracts we had to go through. The times they had available for appointments were accommodating to my work schedule, so it was easy for me to plan.”
Apartments at The General start from £260,000.