Did you know that the Help to Buy scheme is not just available for first time buyers?
This weekend City & Country is hosting a Help to Buy day at King Edward VII Estate, giving first and second-time buyers a fantastic opportunity to visit the Grade II* listed Estate. By using the scheme buyers can purchase a property worth up to £600,000 with just a 5% deposit, therefore on a one bedroom apartment house hunters could buy with as little as £14,750.*
The event, on Saturday 30 June, will allow house-hunters to view a range of apartments that are all available with Help to Buy.
These include stylish mezzanine apartments, modern loft apartments featuring exposed beams and attractive garden level apartments that provide direct access from the property to the sweeping lawned gardens.
Help to Buy enables first and second time buyers to purchase a property with as little as 5% deposit. The Government lends you up to 20% of the cost of your newly built home, and you take out a 75% mortgage to make up the rest. You will not be charged loan fees on the 20% loan for the first five years of owning your home.
Suzanne Aplin, Sales & Marketing Director at City & Country said:
“A number of first time buyers have already bought a new home at the Estate and with the range of properties we have it’s really no surprise. Our stylish one and two bedroom apartments are located within the striking sanatorium and have access to communal areas throughout the Estate, including the stunning grounds.
“Many house-hunters don’t realise that Help to Buy is also available to people who have bought a property before and are now looking to move for the second 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. Independent financial advisors will also be here on the day to help visitors understand what they could afford using the scheme.”
First time buyers Vicky and Sam bought their home at the Estate using Help to Buy. Vicky explains:
“We had seen the Estate advertised about a year prior to looking but at the time it was out of our reach. I remember both of us saying ‘one day maybe we will live there’. We saw our flat advertised at the beginning of the year and thought we would go and have a look at it but realistically didn’t think it would be achievable until later in the year. With the encouragement and help of the fantastic sales team, we used Help to Buy and we were able to move in by the end of March.”