Bath penthouses qualify for Help to Buy

Penthouses are often regarded as the preserve of the rich and famous and way off budget for most.

However house hunters in Bath wanting a property of this type will be interested to know that a selection of brand new top floor pads are currently available in the city which qualify for the Government’s Help to Buy initiative.

It means those wanting to take in the rooftops, parks and distinctive Georgian architecture that have made Bath famous across the world, will be able to do so without having to break the bank.

News on the availability of these luxurious penthouses comes from Crest Nicholson’s Bath Riverside, the impressive new development located on the south banks of the River Avon and in close proximity to the city centre.

Priced from £525,000 they come in well under the upper Help to Buy limit of £600,000.

It means those interested will now be able to get the keys to a whole new way of life with just a five per cent deposit and mortgage of 75 per cent.

The remaining 20 per cent of property’s value comes in the form the equity loan from the Government that has no charges or loan fees for the first five years.

For the property priced at £525,000 it equates to a deposit of £26,250 and mortgage of £393,750. The Help to Buy loan will then come in at £105,000.

Christine Hamilton, sales advisor at Crest Nicholson said: “This is great news for those considering a move to a top floor apartment.

“When it was launched it seemed that house hunters weren’t too sure on how the scheme worked, particularly the equity loan element, so were a bit reluctant to use it. 

“Since then however, those looking to move can now see that buying a new property under the scheme makes a lot of sense.”

With spacious and airy lounge / dining area symbolises what penthouse living is all about, while the space is flooded with natural light helped by the floor to ceiling windows that also provide one of the best panoramic views anywhere in Bath.

The decked terrace is also a fantastic place to enjoy the views further while soaking up the sun or enjoying a bit of al fresco dining.

Christine added: “Living in a penthouse apartment is all about the lifestyle and anyone wanting to make the most of what Bath has to offer while enjoying all the trappings a Penthouse apartment can bring should get in touch.

“Once here house hunters will be taken up to the top floor where they will be able to appreciate the high quality finish, views and location of the development.

“The Penthouses are a stunning collection of top floor properties that are unlike anything else available in the whole of Bath.

“Help to Buy has opened up the development for more people and is great news for those wanting a penthouse in close proximity to Bath city centre.

For further information please call 01225 463 517 or visit www.crestnicholson.com/bathriverside

The marketing suite on Victoria Bridge Road is open daily from 10 am to 5pm.

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