The government’s Help To Buy scheme is not only a fantastic leg-up onto the property ladder, it also allows people to skip an expensive rung moving from a smaller to a larger property – a step which costs the average family £8,248*.
Award-winning house builder Crest Nicholson Chiltern is one developer who has embraced this initiative, which makes it possible to buy a new or existing home worth up to £600,000 with just a five per cent deposit.
Six of the latest homes to be made available via the deal are three and four-bedroom houses at Crest Nicholson Chiltern’s Monksmoor Park site, in Daventry, Northampton. Using Help to Buy, prices start at £167,960 for a three-bedroom property worth £204,950, while the most expensive is a four-bedroom plot which comes down from £349,950 to £279,960. Buyers can also potentially benefit from the government’s recent restructuring of Stamp Duty Land Tax.
Help to Buy is enabling first-time buyers’ budgets to stretch much further, upsizing and up-scaling the types of properties they can afford. And as well as saving buyers money by letting them jump up the ladder, using the scheme also means no need to spend years saving up a hefty deposit.
Amanda Benjamin, Sales & Marketing Director, said: “Monksmoor Park continues to prove incredibly popular with buyers from across the spectrum and we’re pleased to offer Help to Buy on a selection of stunning qualifying properties at the site.
“It means dream homes which previously might have appeared unaffordable are now within reach of those looking to purchase their first home or move up the property ladder without having to find a mind-blowing deposit.”
Monksmoor Park is an outstanding example of Britain’s natural beauty carefully combined with artfully designed new homes. It is set to the north east of Daventry, nestled alongside the Grand Union Canal with acres upon acres of farmland stretched out to the north and east and Daventry Reservoir and Country Park to the south.
Monksmoor Park isn’t simply a modern 21st Century development, it’s a vision for future living with new innovations, concepts and energy saving principles at its very heart. A minimum of 10% of the developments’ energy requirements are derived from renewable or low carbon sources and all homes are fitted with water efficient internal fixtures, providing high levels of insulation and recycling storage, as well as external water butts to private gardens.
Monksmoor Park is well located to access a host of cities and towns across Warwickshire, Northamptonshire and even Oxfordshire. Furthermore, trains from either Rugby, just 10 miles away or Northampton within 12 miles, arrive into London in less than an hour. Alternatively, Long Buckby station is less than 5 miles away and offers services into London Euston in 78 minutes and Birmingham New Street in 55 minutes.
There are six properties available at Monksmoor Park with Help To Buy, in both three and four-bedroom configurations. For more information or to make an appointment to view the show apartment, telephone: 01327 220079 or visit: crestnicholson.com/monksmoorpark
* Research by Lloyds Bank, 2014.