As the Government committed to funding the Help to Buy scheme with an extra £10 billion last year, CG Fry & Son has seen an increase in buyers using the scheme at its Grey’s Field development in Chickerell.
Properties below a threshold of £600,000 qualify for the scheme and more and more buyers are taking advantage of the scheme to purchase a property at this beautiful Dorset development.
However, there is still a widely held misconception that Help to Buy is only for first time buyers.
For those looking to take a step onto or move up the property ladder, there will be a Help to Buy event at the CG Fry & Son Grey’s Field development on 28th and 29th April, where all the information on this scheme will be available.
Between 10.00am and 4.00pm the Sales team will be on hand to answer any questions to clear up any confusion about Help to Buy.
Caroline Hill, Sales and Marketing Director for CG Fry & Son, explains: “Help to Buy is not only for first time buyers, but also for homeowners looking to move or purchase a something bigger. With the equity loan scheme buyers can purchase their new build home of any value up to £600,000 with just a 5 per cent deposit and a 75 per cent mortgage.
“I would encourage anyone who is thinking of buying a new home to come along to our Help to Buy event.
“The three-bedroom homes for sale at the development are all built to our typical high-specification. Prices start at £290,000 so with Help to Buy you could be a new-home owner in time for the summer.”
Under the Help to Buy scheme at Grey’s Field, buyers can secure their home with a 5 per cent deposit and a 75 per cent mortgage. The remaining 20 per cent is paid off by the Government as an equity loan, which remains interest free for five years.
For more information call 01305 771273, or visit www.cgfry.co.uk