First time buyers are consistently taking advantage of Help to Buy. According to Linden Homes’ regular report on the scheme – detailing how the scheme is being taken up across the UK at their developments, 70% of its customers who used Help to Buy in the last quarter (July – September 2016) were first time buyers.
In the South East region which covers London and Greater London, all of the Help to Buy customers were first time buyers and the average percentage of homes bought using the Government led scheme has increased to 41%.
Linden Homes’ Empire Court in Borehamwood currently has a selection of one and two bedroom apartments, available under the Help to Buy scheme. Every apartment benefits from allocated parking and a balcony, some of which overlook a central green. There is also the final four bedroom house and three bedroom show house available under the scheme.
The Help to Buy equity loan means that the Government will lend up to 20% of the cost of your brand new home, so you only need a 5% cash deposit and a 75% mortgage to make up the rest. There are no fees on the 20% loan for the first five years of owning your home. This scheme applies to new build homes priced up to the value of £600,000.
With Elstree Studios in close proximity, Linden Homes is also giving house hunters the opportunity to create their own home cinema. For all reservations made before 30th November 2016, purchasers will receive a technology package up to the value of £5,000*. Choose from a flat screen TV, tablet device, sound system or tailor to your requirements!
David Williams, a Help to Buy purchaser at Empire Court commented: “We spent around six months viewing different new build and second hand properties. We knew what we wanted so wouldn’t have budged. In the end we were drawn to new build and the attraction of Help to Buy; Empire Court immediately ticked all the boxes.”
Simon Pendlebury is the sales and marketing director at Linden Homes Chiltern: “David and his family are a great example of how Help to Buy is helping hard-working first time buyers get on to the property ladder.”
The development is superbly located with the town centre under a mile away with a range of shop, restaurants and leisure activities at Borehamwood Shopping Park. For those travelling by car, Empire Court is well connected with easy access to the A1, M25 and M1 motorways. For commuters, Empire Court is just twelve miles from the centre of London with Elstree and Borehamwood train station just a mile away and Barnet tube 2.7 miles away.
To see how much you can afford with the scheme check out Linden Homes’ Help to Buy calculator at lindenhomes.co.uk/helptobuy.
For more details about the scheme and the homes available at Empire Court, please call 02080 039 690. You can visit in person: the sales and marketing suite on site is open daily from 10am to 5pm.
*terms and conditions apply
Media can contact Emma Cox on email@example.com or on 01962 893863 for more information, images and interviews with Linden Homes.
11 November 2016