Help To Buy….helping you onto the property ladder!

Many people think they can’t afford a new home, are you one of them? Well, with Help to Buy, which is a Government-backed scheme, you might be surprised. This great initiative is designed for those with a smaller deposit but still with a desire to own their own home but it’s only available for another year until March 2021 so don’t delay! Here at Open Door we’ve got several great developments offering the Help To Buy scheme but before we tell you about them here’s the facts on Help To Buy:

  • It’s only available on new build homes – perfect for Open Door schemes.
  • You put down a deposit of at least 5% of the value of the property.
  • The Government lends you up to 20% of the property’s value as an equity loan (after 5 years you start paying interest on this loan).
  • You take out a mortgage on the rest of the property’s value.

Here’s an example*…..

The Camden at Tannery Fields is priced at 182,500 With Help To Buy this could be how it would work:
Deposit: £9125
Government loan: £36500
Mortgage: £136,875

*illustrative purposes only and dependent on your own financial position.

It really is that straightforward. Currently we are offering Help To Buy at our Tannery Fields development with a great range of 2 and 3 bedroom properties so don’t wait to get into your new home. Meet our Fields Sales Team Monday, Wednesday or Friday 10am-2pm, call 0333 004 4777 or we can even meet you at the weekend or in the evening if you prefer.

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Price Range:
Size SQ FT:
Bedrooms:

1 to 5 bedrooms

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To find out more about this property, get in touch! Our friendly and helpful team would be more than happy to answer all of your questions. To get in touch, simply complete the below contact form. 0333 0044777

To book a viewing of this property or to find out more details get in touch with a member of our helpful team. You can contact the team by filling in and submitting the below enquiry form. 0333 0044777

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