Springboard with Taylor Wimpey

Want to buy your first house, but don’t have a deposit yet? You could rent your dream home now and we’ll help you buy it later with a 5% discount.

Springboard

How does Springboard work?

With Springboard, you could rent your dream home now while you save to buy it. After two years, you’ll be able to buy your home, supported by a 5% discount from us.

What homes are available?

We have a selection of 14 homes available at Kilnwood Vale. Please talk to our Sales Executive for full details.

How much rent will I pay?

  • 2 Bedroom Apartment with parking space from £900 PCM
  • 2 Bedroom Coach House with a parking space from £1,000 PCM
  • 3 Bedroom Terrace with a carport and parking space from £1,300 PCM

Once you’ve chosen your home, you will agree to a 5-year fixed term rental contract, meaning you will have peace of mind that your home is yours for the long term.

The rental rates will be determined by local market rates with 1% fixed annual rental price inflation, giving you visibility over your future.

Can I decorate and personalise my home?

Yes! You can choose from a range of options for your kitchen, bathroom and flooring, dependent on the build stage of the property you are buying. Once you’ve moved in, you can enjoy decorating and personalising your property, making it easy to put down roots for the long term.

What happens if I don’t want to buy my home at the end of the rental contract?

At the end of the 5 year fixed rental contract, you can either buy your home or renew your rental contract for another 5 years. If you don’t want to stay in your home at the end of your rental contract, you can move on.

Where is the scheme available?

This is a strictly limited scheme available on a small number of homes at our Kilnwood Vale development in Faygate. Interested? Register your interest here or call us on 01293 227429 to book an appointment.


Help to Buy Equity Loan

Springboard will initially be available on 14 Taylor Wimpey properties at the Kilnwood Vale development, subject to availability.

Springboard is open to individuals age 18+ who are first time buyers, subject to status. Pre-qualification and financial eligibility criteria apply – please speak to your sales executive for further details.

Eligible individuals accepted onto Springboard by Taylor Wimpey will be required to enter into a tenancy agreement for the property and an option agreement, providing the option to buy the property. Agreements will be in Taylor Wimpey's standard form.

The landlord for the duration of the tenancy period is TAYLOR WIMPEY UK LIMITED. Tenants must have the right to lawfully reside in the UK for the duration of the tenancy.

Rent is due on the fifth day of each month for the agreed cost. Failure to pay the rent, damage to the property or other breach of the tenancy or option agreement may result in termination of the agreements. The rent will increase annually by a rate of 1% above the [change in the] Consumer Price Index.

The tenancy and option agreements are for a duration of 5 years. You can cancel the tenancy agreement by giving us 2 months' notice in writing. If the tenancy agreement is terminated by Taylor Wimpey or you then the option to buy the property will also terminate.

The option to buy the property is personal to the tenant only and cannot be assigned to any other party. We will inform you of the current property price when you begin your tenancy and if you serve notice to indicate you wish to take up the option to buy, Taylor Wimpey will within [1 month] arrange three independent valuations with the average being the option purchase price. The option purchase price will be available for the period set out in the option agreement. Purchase of the property is subject to contract and standard reservation conditions (including cancellation fees) will apply after payment of the deposit. The buyer will be responsible for the usual costs of buying a home including solicitors' and survey fees.

The 5% discount is taken off the option purchase price and is only available between 2-5 years of the tenancy agreement.

Springboard cannot be used in conjunction with any other offer (including Help to Buy).

Terms and conditions apply, rent and option to buy are subject to status, please see our website or speak to your sales executive for further details.