The majority of purchasers at Ratio in Slade Green have used Help to Buy to make buying a new home easier to afford and this weekend buyers can get a taster of the valuable incentive’s benefits.
The Government-backed scheme has accounted for a whopping 75% of sales at the popular development. Keen to ensure prospective purchasers don’t miss out, the award-winning housebuilder has enlisted new homes mortgage specialists to serve up expert advice Saturday January 31st.
Visitors will be able to tuck into a hog roast and enjoy a taste of things to come by viewing the showhomes.
Kerry Jenkins, sales director for Redrow Homes (South East), says:
“Help to Buy has played a crucial role in the success of Ratio, where the vast majority of purchasers have used the equity loan scheme to buy a new home. While customers here have really embraced Help to Buy, we’re still finding that some people don’t know much about the scheme or are unsure if they’re eligible. Saturday’s event is an opportunity for would-be owners to seek expert advice, view the showhomes and enjoy lunch on us. Those who have savings of around £10,000 could be pleasantly surprised to discover they already have enough for a deposit on a two-bedroom apartment.”
Prices at Ratio start from £209,995. This reduces to an initial outlay of £167,996 with Help to Buy. The remaining 20% share is covered by the equity loan.
Crucially, the loan is interest free for five years and can be repaid when the customer has more funds available. As the equity loan reduces the initial outlay, customers buying in this way should typically only need a 5% deposit and 75% mortgage.
A new phase, of Ratio, known as Crystal Court, has just been released for sale.
Located 15 miles to the east of London, just inside the M25, Slade Green offers excellent connections for both work and leisure time. With a fantastic choice of golf courses to choose from locally, and an excellent supply of local schools close to the development, Ratio offers something for everyone to enjoy.