The results might surprise you, as buying can be more affordable than renting across many of the country’s major towns and cities – especially in the South East of England.
For example, buying a new home at our latest development, The Observatory in Canterbury which is in one of the major cities of Kent. You could be in a 3 bedroom home priced at £424,995 with only a 5% deposit using the Government Help to Buy scheme and save yourself in the region of £250.00 a month.
The Help to Buy scheme has been such a great success and with the fantastic news that this scheme has been extended to 2020 it is the perfect time to make the move from renting to owning.
With a Help to Buy Equity Loan the Government lends you up to 20% of the cost of your newly built home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest.
Struggling with the 5% deposit? Why not try the bank of Mum and Dad. If parents or grandparents have a large amount of equity in their home or own it outright, it may be possible to re-mortgage it and gift the money released to family members.
So, if you think it is time to Discover the Difference and get on the housing ladder, why don’t you visit one of our developments and speak with a Pentland Homes sales advisor who will be more than happy to talk you through the process.*Pentland Homes does not offer mortgage advice and all figures are for illustrative purposes only. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP YOUR REPAYMENTS ON YOUR MORTGAGE.
Posted: Friday, October 13, 2017
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