Nothing beats the excitement of buying your first home, but nothing is quite as terrifying as the financial commitment which comes with the purchase!
There are some great opportunities to be had in terms of mortgage deals, Help to Buy, low interest rates, and of course the chance to save a few pennies by buying before the stamp duty holiday ends in March. So if you’re ready for that first step on the ladder, take a look at just a few of the tempting properties on the market through Symonds & Sampson.
There’s just one 2-bedroom apartment left at Cedar Park in Sherborne (above), with a Guide of £165,000. The Help to Buy scheme is available to the purchaser of this apartment. Andy Wakinshaw, Partner at Symonds & Sampson in Sherborne advises that the scheme is changing from 16 December. First time buyers who are eligible for the scheme can borrow up to 20% of the purchase price of a new home ( providing the homebuilder is registered for the scheme). The buyer has to pay a 5% deposit of the purchase price which in the South West is capped at £349,000 at exchange of contracts and arrange a repayment mortgage of at least 25% of the purchase price. Interest won`t be charged on the equity loan for the first five years. Interest fees start at 1.75% and rise each year in April by the Consumers Prices Index (CPI) plus 2%. A monthly management fee of £1 is applicable for the life of the equity loan.
Shared Equity offers an affordable opportunity to get on the ladder, and this stylish 2 bedroom mews style cottage (above) with garage and garden in Axminster is offered on an 80% share basis. The Guide is £132,000
And finally, if you need a bit more space, this recently refurbished, spacious apartment in Beaminster (above) comes with 3 bedrooms and a Guide of £135,000 Leasehold
So if you are looking for your first home, start your search here and contact your local office to discuss the options, we’d love to turn your dream into a reality!