Opportunity for Stamp Duty to be paid for new home buyers on homes up to the value of £250,000
The UK’s fifth largest housebuilder, Linden Homes, has credited the government’s Help to Buy scheme with a year-on-year rise in enquiries of more than 25 per cent.
The 27 per cent uplift, compared to Spring last year*, has included a variety of buyers including first-timers and second-steppers.
In fact in just the first seven days following the Help to Buy announcement in the recent Budget, Linden received over 1,000 enquiries across the country via its website.
Help to Buy is a Government backed equity scheme that applies to any new build property up to the value of £600,000. It enables buyers to purchase a new home with just a 5 per cent deposit and a 20 per cent Government equity loan. This loan is interest free for the first five years and can be repaid at any time within 25 years or, on the sale of the property.
Linden Homes has also announced a further new incentive to get people moving. Adam Champion from the New Homes Group explained: “We can unveil a new deal with Halifax; in addition to the Help to Buy scheme, there is the opportunity for your Stamp Duty to also be paid for you. This deal is available on new homes up to the value of £250,000, completed before the 8th July 2013.”
Sue Scholfield, Sales Director of Linden Homes Western, said: “With Help to Buy and current interest rates there has never been a better time to buy a new home. We are now seeing proof of how the scheme can get you moving far sooner than previously possible and we encourage people to take advantage of this unique opportunity while there is funding in place.
“Our Sales Executives at our Kingston Mills development, The Island, in Bradford-on-Avon and the Re:fresh development in Chippenham have been tasked with making the scheme simple for our customers to understand, helping them to proceed with confidence. If there are potential buyers out there that are uncertain about Help to Buy, we would encourage them to come and talk it through with our Executives to discover how we can make it work for them.”
Linden Homes has also created a new step-by-step animation providing a simple overview of the Help to Buy scheme.
* February – April 2012
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For further information, please contact Samantha Stagg or Madeleine Hardman, James Reed Public Relations Ltd, Tel: 0117 929 0405 or email: Samantha@jamesreedpr.co.uk
References to “we”, “us” or “our” are to the part of the Vistry Group (including Linden Homes, Bovis Homes, Countryside Homes, Drew Smith, Vistry Ventures 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.
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