The main benefit of the application, coupled with the one on the former DEFRA office site will be the delivery of much-needed homes in the Borough of Reading, as well as the provision of a new secondary school, sports hall and associated sports facilities. The new school will be run by the West Reading Education Network (WREN).
Wider community benefits include the creation of a large number of job opportunities, increased spend of the new residents in the local economy, increased council tax income and New Homes Bonus.
As well as these benefits, Taylor Wimpey will be required to deliver a percentage of affordable housing on the site, as well as making significant contributions towards wider community infrastructure through the ‘Community Infrastructure Levy’. The level of payments required will be decided through the planning process.
Help to Buy: Equity Loan
This is one of just a few homes that is still eligible for the current Help to Buy: Equity Loan scheme, which is open to both first time buyers and existing homeowners and means you'll need just 5% deposit to buy a new home. From April 2021, the price cap for Help to Buy will depend on the area you live in, and the scheme will be offered exclusively to first time buyers.
With the current Help to Buy scheme, the Government will lend you up to 20% of the value of your new build home via an equity loan. You will need to secure up to a 75% mortgage and put down a 5% deposit. You’ll own 100% of your home from day one.
Find out more about how the Help to Buy scheme works.
Help to Buy: Equity Loan – Terms and conditions apply. Applicants should seek independent financial advice, and get information and guidance on applying for a Help to Buy: Equity Loan at www.helptobuy.gov.uk.
Easymover is available here, which means you could provisionally reserve a new Taylor Wimpey home at this development - even if you haven't sold your existing property.
And that's not all. With easymover, we'll make your house move as stress free as possible. We'll liaise with your estate agent on your behalf, we'll pay their fees and we'll manage the whole house selling process - making your life so much easier! Take a look at our easymover page for more information.
Terms and conditions apply to the Easymover scheme.
This development is managed by the West London Taylor Wimpey regional office