There is a reason why the Government’s Help to Buy scheme is popular and has helped over 130,000 people own their own home: The fact is that with the scheme, you could get a lot more home for your money.
Take the example of Empire Court, Linden Homes’ beautiful new development in Borehamwood. Interest for the apartments due to launch next year is high, but these buyers could afford a larger property and get ‘Help to Buy’ a three bedroom home with a private garden.
Adam Champion from The New Homes Group says the Help to Buy scheme is opening up totally different doors for prospective home buyers:
“Take the example of a three bedroom house at Empire Court – it’s called The Chaplin. The Help to Buy scheme requires a 5% deposit. Based on a typical Help to Buy rate from a high street lender mortgage of 1.89% over 25 years, that works out at a monthly payment of £1,620.”
This makes compelling reading compared to what you could get on the second-hand market explains Adam: “If you were to look at a second-hand property based on these costs with a 5% deposit against a rate of 3.49%, you would only be able to afford a property up to £348,000, so the difference in size of property or location could be vast.”
Empire Court is set in the heart of Borehamwood in Hertfordshire. Each property is built to the highest standards with contemporary detail and high quality specification. Layouts are designed to appeal to modern homebuyers who appreciate flexible living spaces.
Each house also benefits from a two year Linden Home’s warranty and a ten year NHBC warranty.
(It’s worth noting that, according to recent figures from the National House Building Council, new energy efficient homes could cut annual bills by more than half).
Borehamwood, home to the famous TV and film studios is superbly located; just 12 miles north of Central London (with frequent trains into London St Pancras in less than 30 minutes) and within easy reach of fantastic road connections including the A1, M25 and M1.
To find out more about Empire Court, please call 02080 039 690.
The sales and marketing suite is now open every day from 10am to 5pm.
-ENDS-
Media can contact Emma Cox or Fotini Efstathiou at Remarkable Group on 01962 893893 for more information, images and interviews with Linden Homes.
References to “we”, “us” or “our” are to the part of the Vistry Group (including Linden Homes, Bovis Homes, Countryside Homes, Drew Smith or one of Vistry’s joint venture companies) from which you are intending to purchase a new home. References to "you” and “your” are to the prospective buyer or buyers of a new home from us.
All images are used for illustrative purposes only and are representative only. They may not be the same as the actual home you purchase and the specification may differ. Images may be of a slightly different model of home and may include optional upgrades and extras which involve additional cost. Individual features such as windows, brick, carpets, paint and other material colours may vary and also the specification of fittings may vary. Any furnishings and furniture are not included in any sale. Please check with our sales consultants for details of the exact specifications available at the development(s) for each type of home and the associated prices.
