Woodland View, Mitcheldean

Number of people joining the housing ladder continues to grow

In recent figures released by the Government, the popular Help to Buy scheme has helped purchasers complete on more than 73,000 homes and that figure continues to grow rapidly.

The Government-backed Help to Buy (equity loan) scheme was introduced in 2013 (along with other Help to Buy products) to support people who can afford a mortgage, but struggle to save the deposits required by lenders in the wake of the financial crisis. If you can secure a 75% mortgage then all you need is a 5% deposit, the Help to Buy scheme will give you an equity loan for the remaining 20%. The scheme is available to both first time buyers and existing home owners wanting to move up the property ladder.

Through the scheme, the number of first time buyers has peaked to its highest since 2007. Of the 73,000 homes purchased, 83% were first time buyers.

The facts -

  • Available to first time buyers or existing home owners buying a new build property with a registered developer
  • No upper income cap
  • No interest to pay on the loan for the first 5 years
  • Must be able to secure a 75% mortgage with a qualified lending institution
  • Properties up to the value of £600,000 are included in the scheme
  • Your loan must be paid back either when you sell your property or at the end of 25 years, whichever is sooner
  • Simple application process
  • For more information visit www.helptobuy.org.uk

Not only are buyers being supported to move by the Help to Buy scheme, the new stamp duty reforms are also saving purchasers money. Having recently been introduced by Government, the changes are as follows:

  • No stamp duty on the first £125,000 paid
  • 2% on the portion between £125,001- £250,000
  • 5% on the portion between £250,001- £925,000                                                                                          

The new changes will save 98% of buyers’ money on their stamp duty bill. All potential purchasers will save money at a local Freeman Homes development!

The Freeman Homes development in Mitcheldean, Woodland View, offers buyers the benefits of the Help to Buy equity loan scheme, reduced stamp duty taxes, as well as a host of other schemes including part exchange to make their move as easy as possible and save them money in the process.

Typical stamp duty savings:

Example property: Plot 50 The Milton at Woodland View, Mitcheldean.

Purchase price £275,000, stamp duty was £8,250...now £3,750.

SAVE £4,500, that’s 55%!

About Woodland View

Positioned on the northern fringe of the Royal Forest of Dean, an area of outstanding Natural Beauty, Woodland View offer 47 fabulous homes. With 10 different styles of home, including one very contemporary home, this development will appeal to families looking for large living accommodation, retirees wanting an easy to manage and maintain home as well professional couples looking for something more contemporary in a semirural but accessible location.

Having completed and sold all the first phase of homes, the next phase of 3-5 bed homes is now under construction. 4 contemporary homes of approximately 2400 square feet for soon to be built. The homes will offer spacious open plan living areas with high end specifications and four large bedrooms over three or four floors. The design also incorporates south facing terraces to enjoy the fantastic views over the forest. For those seeking modern, stylish homes without the huge price tag of equivalent homes in the city, look no further.

With beautiful 3, 4 & 5 Bedroom Homes starting from just £175,000, you would only need a £8,750 deposit to purchase with the Help to Buy scheme. To find out more about this development please call us on 01594 544271 or visit our website on www.woodlandview.info.

HELP TO BUY IS AVAILABLE AT WOODLAND VIEW

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