3 bedroom semi-detached house for salePennycress Fields - Help to Buy, Stoke Orchard, Cheltenham, Glos, GL52 7SJ
Sold by Us POA
- Development by Knarsboro Homes
- 3 Bedroom Property
- HIGH Specification
- Integrated Smeg Appliances
- Help To Buy
OWN 100% of your home paying only 80% of the price today.
WITH THE HELP TO BUY SCHEME YOU CAN BUY A 4 BEDROOM HOME
80% of full price that you pay today £228,000
Your mortgage 75% £213,750
Deposit 5% £14,250
Equity Loan 20% £57,000
Total Purchase Price £285,000
WHAT IS HELP TO BUY?
With Help To Buy you can buy your new home with the assistance of a Government funded loan.
* Terms & conditions apply
The Government will lend up to 20% of the value of a new build home through an equity loan*. The buyer contributes a deposit of their own (minimum 5%), then the Help to Buy scheme supplements that deposit to provide a 25% deposit in total. This leaves the buyer needing a mortgage for 75% of the property value.
*The government equity loan is interest free for the first five years. From year six a fee of 1.75% will be charged, rising annually by RPI inflation plus 1%. The equity loan can be repaid at any time within 25 years
(or the terms of the mortgage), or on sale of the property.
Don't miss out on this great incentive - call now to book your viewing.
CGIs are for illustrative purposes only some details may vary. Images are taken from the show home.
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