Limited time remaining for second steppers using Help to Buy

Buyers seeking a dream move up the property ladder with David Wilson Homes have a limited amount of time to take advantage of the Government’s Help to Buy scheme.

A number of buyers in the Tavistock area have secured larger homes with the scheme, which is an excellent way of stretching finances further.

“More than ever, we’re noticing people opting to use Help to Buy in order to secure their second step up the property ladder,” said sales director, Nicki Reid.

“We are building a number of spacious new three, four and five bedroom properties at developments across the region, including at Embden Grange in Tavistock, so it’s not surprising they are in demand here. Second steppers wishing to move here with Help to Buy, must do so by Spring 2021 though – when the scheme will end for those looking to move up the housing ladder.”

 

The Help to Buy scheme

Help to Buy is available on all new-build homes up to £600,000 at David Wilson Homes developments in the region. Buyers can become owners here with just a 5 percent deposit of the property value of their new home. Many lenders are able to offer a loan-to-value mortgage because the UK Government provides a guarantee of up to 20 percent.

“A large number of buyers here are upsizing, having previously used Help to Buy to secure their existing homes,” added Nicki. “After five years, payments on the Help to Buy scheme start to incur interest but, by moving home and entering into a new Help to Buy arrangement, purchasers can have another five years interest free.

“And there are plenty of beautiful home designs for buyers to choose from here, whatever their requirements.”

 

New development close to Tavistock town centre

Embden Grange is a development of two, three, four and five bedroom homes in Tavistock. Just a few moments from the town centre, there is a range of local shops, cafes, pubs and restaurants within easy reach. The A386 is close by, offering links to the vibrant city of Plymouth, while the A30 runs from Cornwall to North Devon and beyond.