Buying a home is full of emotional and practical decisions. At Countryside, we aim to make the process a smooth one, offering many schemes on selected properties to help purchasers.
The Help to Buy and Help to Buy ISA schemes are widely used tools that help thousands of buyers get new homes and move their way up the property ladder. Countryside also offers a range of additional incentives to make the purchase of a new home even easier for both first-time buyers and existing home owners.
Stamp Duty Contribution
Stamp Duty is a land tax that’s applicable to all residential properties costing more than £125,000. First-time buyers are eligible for a stamp duty relief so they pay a 5% tax on the portion from £300,001 to £500,000, instead of the property’s full market price.
However, that means that in addition to the deposit and the legal fees, aspiring buyers will still need to set aside a hefty sum to cover the tax. Countryside is aware that saving in the current market environment is challenging, so we help our customers get on the property ladder by contributing towards their stamp duty. Some Countryside properties, like the one at Herschel Place in Kent, benefit from both Help to Buy and Stamp Duty Paid schemes, which makes the prospects of home ownership a lot more realistic.
Bank of Mum and Dad
With crippling rents and sluggish wage growth, saving up for a deposit becomes increasingly difficult. Many young people turn to their parents for help, knowing it will take some time to fully repay the loan. Countryside gives a £2,000 reward to parents who provide financial contributions towards their child’s first home to acknowledge their contribution from day one.
Part Exchange
Part exchange can be the perfect solution for home owners wanting to move. It allows them to streamline the selling process – there’s no need to speak to estate agents, pay unnecessary fees or worry that the buyer won’t be able to finalise the purchase on time. All of these daunting activities can be delegated to the developer, allowing you to focus on finding the home of your dreams. Countryside’s developments in Mill Hill, London, as well as a range of other homes around the UK are available with Part Exchange, which means people can move into a new property right after they’ve sold it to the developer.
Assisted Move
Assisted move is a good option for those who already have a home but are looking to move into a new build using Help to Buy. Countryside makes the selling process smoother by instructing two selling agents on the buyer’s behalf and paying the fees once the property is sold.
Whether you’re a first-time buyer or a second-time mover, these schemes can help you save money, time and energy. What’s important, they are not mutually exclusive, which means that you can find a property that would allow you to combine the benefits of several schemes, enabling you to make even greater savings. Buying a place need not be stressful – it’s all about utilising the different kinds of benefits to suit individual needs.
Andrew Loveday, Group Sales Director, Countryside
Visit https://www.countryside-properties.com/ for more information.