Buying with Help to Buy
Buying a new Park Lane Group home with Help to Buy is really straight forward.
Help to Buy is a Government-approved initiative that has helped lots of buyers complete on a new Park Lane Group home in recent years.
To buy a new Park Lane Group home via Help to Buy you will need a 5% deposit and a mortgage of up to 75% of the value of the property. The remainder is provided by a Government equity loan. This is interest-free for the first five years and could make your monthly mortgage repayments lower.
HELP TO BUY EQUITY LOAN SCHEME FACTS
- The scheme is open to first-time buyers and home-movers
- It is only available on new-build homes by housebuilders which have registered with the scheme, such as The Park Lane Group
- Buyers only need to raise 5% of the property value as a deposit
- The Government provides a loan of up to 20% which is interest free for the first five years
- Buyers may be able to access more attractive mortgage rates with a combined deposit of 25% (buyer’s 5% deposit + government 20% loan)
- A wide range of competitive mortgages are available to buyers proceeding via the Help to Buy scheme
- The equity loan can be repaid at any time without penalty
Here’s what a first-time buyer with The Park Lane Group had to say about completing with Help to Buy:
“My partner and I were looking to buy but didn’t think it was going to be feasible for us. We looked into the Help to Buy scheme and realised it may help us and then found out about The Park Lane Group’s new homes. We were really happy to find out they were registered with the scheme.
So we have now managed to do something we didn’t think was possible – it’s brilliant. I definitely recommend the Help to Buy scheme. It gives you that chance to get on the ladder and is a great way to start!” Bronwyn – proud new owner of a Park Lane Group home
OUR NEW HOMES
Our new developments offer a fantastic range of homes in superb locations.
You will find an incredible extras package in the price of every new Park Lane Group home. Our ‘More for your Money’ pledge is unique to The Park Lane Group and not only saves you money but makes for a new home that is virtually ready to move straight into. Every home also comes with a 10 year warranty and you have the assurance of our dedicated team. We’re on-hand from start to finish.
Find out more about our new homes here.