Help to Buy: Equity Loan
The Government backed Help to Buy: Equity Loan scheme is available here. The scheme is open to both first time buyers and home movers alike, and means you'll need just 5% deposit to buy a new home.
With Help to Buy, 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.
Why not consider Part Exchanging your existing property for a brand new Taylor Wimpey home? With our Part Exchange scheme, you could move into a new Taylor Wimpey home without the hassle of selling your old one.
We’ll buy your existing property at 100% of its market value. You'll avoid all the stress of putting your house on the market, managing and paying for estate agents, and worrying about house buying chains! Interested? Find out more about Part Exchange.
Terms and conditions apply to the Part Exchange scheme.
Easymover is available here, which means you could 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.
What is Home Reach?
With Home Reach, you buy a share of your chosen home and pay a low monthly rent on the part you don't buy. You get to choose whether you buy a bigger share of a lower priced home or a smaller share of a more expensive one.
You can initially purchase between 50% and 75% of your chosen home and heylo will become your landlord, granting you a 125-year lease. This means you will be able to live in your home as if you've bought it outright. You can buy more of your home in the future and stop paying rent on that part.
Home Reach… A more affordable way to buy
Smaller deposit requirements and lower monthly payments make it easier to buy the home you've always wanted.
You decide how much of your home you would like to buy, with shares between 50% and 75% (on a small number of developments there is the opportunity to purchase a lower percentage)
You are able to purchase your share with either cash savings or by taking out a mortgage. If you are taking out a mortgage to finance your share, then you will typically need to allow for at least a 5% deposit. The larger your deposit, the lower your mortgage payments will be.
On the share you don’t own, you will pay rent of 2.75% of the unsold value. This will be paid monthly by direct debt.
Who is eligible?
You are eligible to purchase a Home Reach property in England or Wales if:
- Your household income does not exceed £80,000 per annum for homes outside of London
- You have a deposit (at least 5% of the share value)
- You are a first-time buyer or used to own a home, but cannot afford to buy outright now
- You currently occupy a shared ownership property and are looking to move
- The shared ownership property will be your principle and only home
- You have passed a financial assessment, demonstrating you are financially able to purchase the minimum share value and support the monthly costs
Armed forces discount
Looking for an armed forces discount? At this development, members of the armed forces could get a discount of up to £500 for every £25,000 spent on a new home. If you think you could be eligible, why not find out more about our armed forces discount today?