Stamp Duty Holiday

“If you purchase a residential property between 8 July 2020 to 31 March 2021, you only start to pay SDLT on the amount that you pay for the property above £500,000. These rates apply whether you are buying your first home or have owned property before”.

Buyer Incentives 

• Reservation Fee (Secure your new home for just £95 deposit)
• Free Buyer Legals (we will fund your legal fees via an independent lawyer acting on your behalf*)
• Free Premium Quality Floor Coverings included (brand new beautiful luxury vinyl tiles and carpets)
• We are a registered Help to Buy home builder
• Deposit Contribution (making your purchase more affordable with a contribution to your deposit)
• Feature painted walls (Choose your colour from a range of premium paints)

 *Conditions apply

Add Ons

• Nest Thermostats (Control the heat away from home)
• Ring Doorbells (Secure and efficient, stay connected to your home when your away)
• Fitted wardrobes (Chose where you want your clothes & shoes stored)
• Shrubs & Planting (If you want additional planting we can do that too)
• AstroTurf as an extra (Simply move in and enjoy – no landscaping required)

Help to Buy: Equity Loan

Here you will find information you need to understand how the UK Government are helping first time buyers to get on the property ladder.

Here are a few quick key benefits of the Help to Buy: Equity Loan Scheme

Receive help from the government towards your deposit:

1. The equity loan can be up to the value of 20% of the total purchase price
2. Simple, manageable application process

FAQs

What is the Help to Buy/Equity Loan Scheme?

With the government’s Help to Buy: Equity Loan you can borrow a low-interest loan to put towards the cost of purchasing a newly built home. Your new home must be bought from a house builder that is registered with the scheme.

“Reducing the amount of savings required to buy a New Home – Great news!”

Very simply, you add the equity loan to the deposit you have already saved and then add that to the amount you need to borrow on a repayment mortgage. The total cost of buying your newly built home is then completely covered.

Who is eligible?

Not just for 1st time buyers an equity loan is available to all buyers looking to purchase a Newly Built Home.

Do you fall under any of the following criteria? If so, you have the right to apply:

• Have a deposit with a minimum value of 5% of the full purchase price of the property
• You can arrange and afford a repayment mortgage valued at between 25% and 75% of the full market value of the home

Hurry! The HTB: Equity Loan Scheme is running up to March 2021

• You have reserved a newly built home, being purchased from a registered Help to Buy property developer, up to the value of £600,000
• Be able to evidence that you can afford the repayments on the equity loan and all other outgoings
• The scheme is not able to assist with buy to let investors
• You should not have any financial interest in any other property
• You can pass the eligibility and affordability checks that are carried out in the application process

For more information please visit https://www.helptobuyagent3.org.uk/help-to-buy-schemes/help-to-buy-eligibility/

Which homes are available to buy?

Through help to buy: equity loans you can buy:

• A newly built home through a new homes builder who is registered with the HTB: Equity Loan scheme
• A newly built home up to the value of £600,000

How do I Apply?

First you will need to complete the governments equity loan calculator and assessment form. The calculator is simple to complete. Following the guidance helps to determine how much you can reasonably afford based on your outgoings. https://www.gov.uk/government/publications/homes-england-help-to-buy-equity-loan-calculator-and-guidance. Please note that further affordability checks will be carried out by your financial advisor or mortgage advisor.

What’s next?

Starting the application process is via the equity loan portal on the governments website https://portal.helptobuyagent3.org.uk/Login

Financial Advice

It may benefit you to seek additional financial advice. Seek out a reputable Financial Advisor who can work through your criteria and help you to understand what scheme could be right for you.

To find out more information go to https://www.helptobuy.gov.uk/

For any queries please contact Natalie Thomas – New Homes Sales Manager who will be happy to assist you with your questions.

Contact details

Natalie Thomas
Mobile: 07949 954 215
Email: sales@cabothomes.co.uk