Buying a new build home

We’re working with David Wilson Homes on bringing some fantastic new homes in Harbury and Southam to the market. Buying a new build home can be a good choice and the Government’s Help to Buy Scheme can help you get your foot on the first rung of the property ladder.

We’re working with David Wilson Homes on bringing some fantastic new homes in Harbury and Southam to the market.

Buying a new build home can be a good choice and the Government’s Help to Buy Scheme can help you get your foot on the first rung of the property ladder.

Heres a few tips from the HomeOwners Alliance on buying a new build home and some information on the Help to Buy scheme

Buying a new build home

New homes attract a price premium so try to stay put for a few years. Future-proof your purchase by ensuring it fits with your personal plans for the next few years. Could you comfortably fit in a growing family?

Can you add value in the future – a conservatory or loft conversion? You may not be able to afford it now, but it may be an option in the future 

Look for good deals – some developers offer incentives such as free furnishings, a car parking space, or by paying your legal fees or stamp duty

Look further than the show home and do your research – look at developers’ other sites. Get a feel for the area and its amenities. Test transport routes and your new commute journey. If the development is partly completed – talk to local residents.

The Help to Buy Scheme

The Government can lend 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 can’t then sublet the home. You won’t be charged loan fees on the 20% loan for the first five years of owning your home.

The shared ownership scheme offers you the chance to buy a share of your home (between 25% and 75% of the home’s value) and pay rent on the remaining share. Later on, you could buy bigger shares when you can afford it.

For more information visit www.helptobuy.gov.uk/

To find out more information about the latest new build properties in our area please call or email us.