Help to Buy opens doors in Pewsey

Help to Buy opens doors in Pewsey

People looking for a new home in Pewsey are being offered a helping hand by new home specialist Redcliffe Homes thanks to the launch of the Government’s Help to Buy scheme.

Launched earlier in the year, the Help to Buy scheme was announced in this year’s budget and gives people on all stages of the property ladder the opportunity to purchase a new home with a deposit of just five per cent.

Available at Redcliffe’s Whatley Drive development in Pewsey this new Government scheme will lend up to 20 per cent of the value of the property through an equity loan.

The purchaser will have to place a five percent deposit and fund the remaining cost of the property with a mortgage giving them 100% ownership of their home.

For example when purchased under Help to Buy, one of the one-bedroom apartments at the development will cost £129,600 (a 20 per cent reduction off the £162,000 list price through the equity loan) with purchasers needing a deposit of £8,100.
Or for one of the three-bedroom houses under Help to Buy, the cost will now be £236,000 with a deposit of £14,750.

Not only that, anyone wanting to buy at this development will be interested to know that Redcliffe Homes is also offering with help towards the stamp duty costs or the flooring costs making that move even more of a reality.

Lorraine Kendrick, Marketing and Sales Manager at Redcliffe Homes said: “Help to Buy is a great opportunity for everyone looking to buy a new property.

“What’s so good about the scheme is that it is available for all purchasers, whether they are first time buyers, those looking to take the next steps on the property ladder or just wanting a change of scene.”

The Help to Buy scheme is available on properties up to the value of £600,000 and is a great opportunity for all types of house hunter wanting to own a new home at this fantastic new development.

Lorraine added: “There has been considerable interest in Whatley Drive from house hunters looking for a quality new apartment or house in the area and we are extremely pleased to be able to offer Help to Buy on the latest phase.

“With the scheme open to properties up to the value of £600,000 means that all properties currently available at the development fall within the Help to Buy initiative and is great news for those looking to buy here.”

Next to the River Avon, Whatley Drive is in the heart of Pewsey which is located in the heart of Wiltshire and in an Area of Outstanding Natural Beauty.

A short walk from the railway station, regular trains leave for Taunton and Reading with London just one hour away. Andover, Newbury and Swindon are also within easy travelling distance from the development.

A picturesque riverside walk forms one boundary of the development, which will also include a Heritage Centre that captures the history of Pewsey with its wharf on the Kennet and Avon Canal.

Prices currently range from £159,950 to £475,000 and there has been strong interest with a number of reservations and occupations already in place.

For more information visit call the sales team on 01672 564680 or visit the development at Whatley Drive, Broomcroft Road, Pewsey, Wiltshire, SN9 5EX.