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A & J stephen (Builders) Ltd
News from A & J Stephen Builders Perth Scotland

Helping you Buy in Perth and Perthshire

If you are hoping to move this year, and your budget can stretch to £200,000, the property of your dreams may be more affordable than you thought.

For several years now, the Scottish Government's "Help to Buy (Scotland)" initiative has helped aspiring home owners, not only first time buyers, purchase a new build home by contributing up to a maximum 15% equity stake in the property.

How does it work?

"Help to Buy" allows people to put down a deposit of as little as 5% of the selling price, combined with a mortgage of up to 80% of the value of the property.

So you pay just 85% of the property price now, and the remaining 15% is provided by the Scottish Government equity loan. Because it’s interest-free for the term of the loan, your deposit could not only be slashed, but your mortgage repayments too.

What's more. it's not a shared ownership scheme – you will own 100% of your home.

And the caveats? Well, besides the recent threshold change, the home must also be the buyer’s only residence and cannot apply to part-exchange or buy-to-let.

Want to hear more?

On Saturday 30 September 2017, we will be participating in Perthshire Solicitors Property Centre's "Help to Buy" event which will provide a range of advice on the incentives and financial help available in and around this area.

As well as ourselves, banking and independent financial experts will be on hand, as well as solicitors / property managers from PSPC member firms.

We will be delighted to see you at PSPC, 6 South St Johns Place, Perth any time between 10am and 1pm.

So what can we offer you through the "Help to Buy" scheme?

Right now, we are in the process of applying for detailed planning consent for "Help to Buy" friendly properties right here in Perth. Subject to approval, we will be creating both family friendly apartments and houses at West Woodlands, just off Glasgow Road. The location of this site provides easy access to motorway links while also being ideally located for transport links both to and from Perth city centre. Watch this space!

We also have just one fantastic apartment left at our popular "Lagreach" site in Pitlochry. Could you be the lucky buyer? This two bedroom, ground floor apartment boasts highly sought-after private parking, an easily managed garden and garden store.

We can tell you more at the PSPC event or please do not hesitate to contact us directly. It’s then just a case of consulting an independent financial advisor and getting the application process moving.

For more information, please contact our Sales office on (01738) 620721, email sales@stephen.co.uk

This article is intended to give general advice and information and does not cover all aspects of the "Help to Buy (Scotland)" process. The article should not be acted upon by any party without taking proper specific legal and independent financial advice tailored to that individual's needs.

Registered in Scotland 57720

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