Pickstock Homes helps house hunters to move in 2016

The Government’s original Help to Buy schemes have resulted in a 60% rise in the number of first-time buyers across the UK, which is great news for the country’s property market.

You may not be aware that Help to Buy is not just for first-time buyers; it also enables existing home owners to climb the property ladder. So whether you are looking to buy your first house or you need more space for a growing family, now is a great time to buy a new home.

With a Help to Buy: Equity Loan the Government lends you up to 20% of the cost of your newly built home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest. You won’t be charged loan fees on the 20% loan for the first five years of owning your home.

The 20% equity loan from the Government is interest free for the first five years. From the sixth year a fee of 1.75% is payable and will rise annually by RPI inflation plus 1%. You can repay the loan at any time within the first 25 years (or the terms of the mortgage), or when you sell the property.

Pickstock Homes is an authorised Help to Buy agent. We can guide you through your purchase, from providing general information about the scheme to dealing with your application. Our Irvine Gardens and Manor Fields developments are perfect for first time buyers and families, offering a unique collection of two, three and four bedroom properties in beautiful North Shropshire. Contact us today to find out more.