Last month, the Chancellor announced plans that the Help to Buy scheme will be extended to 2023 for first time buyers. Whilst this is great news, the plans also revealed that under the new proposals, second steppers may only benefit until 2021. Therefore, home hunters keen to take advantage of the scheme in order to move up the property ladder, must act sooner rather than later. Crest Nicholson is currently offering the initiative at a number of its developments in the Midlands, including the sought-after areas of Rugby and Bournville, as well as coming soon to Coleshill, Hereford, Shipston-on-Stour and Solihull.
Now is the perfect time for purchasers to buy their dream home using the government backed Help to Buy scheme with as little as a 5% deposit. The initiative, which is available on all new build homes worth up to £600,000, enables prospective purchasers to receive an interest free equity loan for up to 20% of the property value, meaning only a 75% mortgage is needed to make up the rest.
All the luxurious one and two bedroom apartments at Bournville Park are available with this scheme, making it ideal for first time buyers and downsizers. Located just five miles from the centre of Birmingham in the West Midlands, the development is set within the grounds of Northfield Manor House, on the edge of the picturesque village of Bournville. Residents will be well catered for with a variety of shops, restaurants, schools and healthcare facilities on the doorstep, as well as plenty of open green space to explore. For more information please call 0121 435 0100 or visit www.crestnicholson.com/bournvillepark.
Hansford Park in Houlton is perfect for first time buyers, families making their second step and downsizers, with Help to Buy available on all one and two bedroom apartments, and two, three and four bedroom houses. Located on the iconic Rugby Radio Station site, Hansford Park forms part of an exciting new community in Houlton with easy access to a range of local amenities and 500 acres of beautiful, open space. In order to not miss out on this opportunity, please call 01788 524320 or visit www.crestnicholson.com/hansfordpark.
Prices for a one bedroom apartment at Bournville Park start from £179,950. Prices for a one bedroom apartment at Hansford Park start from £169,950, with three bedroom houses starting from £254,950. To find out more about using the Help to Buy scheme with Crest Nicholson, please visit www.crestnicholson.com/offers/help-to-buy.