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

Helping You Buy … Until 2022!

Looking to purchase a new-build home but struggling to save up for the deposit? With financial uncertainty facing many of us, coupled with the impending festive period, we are delighted to remind you that help is at hand!

The Scottish Government’s ‘Help to Buy (Scotland)’ scheme allows people to buy a new-build home without the need for a large deposit and, during the Summer, the scheme was extended to March 2022.

So, what does this mean for you? In a nutshell, if you are hoping to move this year and the Stephen home of your choice is less than £200,000, the property of your dreams could be more affordable than you thought.

Through 'Help to Buy', aspiring home owners, not just first time buyers, could purchase a new build home, putting 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 time extension, the home must also be the buyer's only residence and cannot apply to part-exchange or buy-to-let.

So, what can we offer you through this scheme? You'll be delighted to hear that homes within two of our most sought-after developments are 'Help to Buy' friendly.

At West Woodlands, just a short walk from the city's Glasgow Road, our two and three bedroom semi-detached villas, priced from £193,000 meet the qualifying criteria.

Meanwhile, at Tornagrain, which is located between Nairn and Inverness, our newly released two bedroom terraced villas are priced from £178,000, again meeting the 'Help to Buy' criteria.

To ensure that you don't miss out, take a look at our website or give us a call. 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.

Registered in Scotland 57720

Consumer Code for Builders
Homes for Scotland