New homes coming soon in Essex. View our exquisite Essex housing developments today and find your new home. Available with Help to Buy and for a limited period no stamp duty up to £500k.
With Essex being Located just a stone’s throw from London and being a county regularly on TV. For young professionals and families it is well known for its glitzy lifestyle – the perfect place for our new build homes in Essex!
We have started work on our large site in Brentwood which is available for first time buyers with the help to buy scheme.
How does the scheme work?
A 5% Deposit is just all you need to move into your first home.
How does Help to Buy work?
• Help to Buy homes: only new build homes qualify.
• You’ll need a minimum of 5% deposit to qualify.
• It’s available to first-time buyers purchasing a single property who do not currently own a property in or outside of the UK only.
• The Government will lend you up to 20% of the value of your new home through an equity loan, which can be repaid at any time within 25 years (or on the sale of your home, whichever is sooner).
• Meaning you’ll only need to secure up to 75% mortgage from a bank or building society.
• The equity loan is interest-free for the first five years.
• The price of the home you can buy using Help to Buy depends on where it is in England.
Heres the figures.
If you were to purchase one of our properties at £250,000, minus the deposit of 5% and the Governments loan of 20%, you will be left with a mortgage of £190k (@3.92%). A monthly payment of only £995!. On average, house prices in Essex have risen as much as 28% since 2014, one of the biggest nationwide. Purchasing a £250,000 property will leave you with a profit of £70,000 in 7 years!.
^ The information and figures above are for illustrative purposes only and relevant at the time of the article submission. Always seek legal & financial advice when purchasing your next home. Our independent team will be happy to assist you with any questions you may have regarding any of the above and please note; your home may be repossessed if you do not keep up repayments on your mortgage.