First-time buyers are advised to act now.
The widely regarded scheme for first-time buyers is coming to an end two months earlier than expected. First-time buyers hoping to take advantage of the scheme are advised to act quickly.
When does Help to Buy end?
With the Help to Buy scheme ending in March 2023, the deadline to reserve your property is 6pm on 31st October 2022. This is because buyers will need time to complete their purchase before the scheme ends.
How does Help to Buy work?
There are different Help to Buy schemes available. The most popular being the equity loan and shared ownership options.
For properties valued up to £600,000, the equity loan scheme allows Londoners to take out a government loan of up to 40% of the purchase price. The loan is interest free for five years and must be settled either when the home is sold or when the mortgage has been paid off.
Shared ownership differs slightly. It offers first-time buyers the opportunity to purchase a share of a property, usually between 25-75%, and pay the government rent on the remaining share.
What properties are available on the Help to Buy scheme?
We have several Help to Buy properties in London, read on for our top new build developments.
Homestead House
Prices from £530,000
Homestead House is a contemporary development of nine brand new apartments in suburban Streatham. Configured to the highest standard with bespoke design throughout, the apartments offer country-like living with good connectivity to the city.
All apartments are finished with German kitchens that include contemporary Arctic White quartz worktops, fully integrated appliances and Grohe BauEdge mixer taps.
Click here to view the remaining apartments.
New Hayes
Prices from £340,000
New Hayes is a stunning new development in the heart of Hayes, one of London’s greenest boroughs. Benefitting from the new Hayes & Harlington Elizabeth Line station, along with easy access to Heathrow, the development offers residents fantastic connectivity. Further regeneration of the area cements Hayes as a prominent up-and-coming area of West London.
All apartments are finished with oak flooring and fully integrated Zanussi appliances, with most including a private balcony/terrace. The development also offers secure parking and cycle storage.
UPDATE: ALL UNITS HAVE NOW BEEN SOLD
Settle
Prices from £535,000
Settle is a boutique development in Kensal Green consisting of nine apartments built by renowned developers Artform. The development offers a distinct aesthetic, with engineered timber flooring, terrazzo kitchen worktops, integrated Bosch appliances and stone-floored, porcelain-tiled bathrooms.
All apartments come with underfloor heating throughout and benefit from outside space. There is a secure fob entry for residents and a video door entry system for visitors.
Only two units remain on Help to Buy:
No.3 at £535,000
No.8 at £575,000
Is Help to Buy right for you?
We know that buying a new home is one of the most exciting stages of your life, but we also know that it can be daunting and stressful, especially if you are a first-time buyer. At M&P, we’re here to give you peace of mind and find the right property that suits your needs.
Our New Homes team is on hand to guide you through the process of buying your first home. To speak with a member of the team, please get in touch by clicking here.
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