First-time buyers in North London will have an opportunity to step onto the property ladder, following the introduction of a new government-backed Help to Buy scheme in Dandara new development in Winchmore Hill.
Help to Buy
The Help to Buy scheme is now exclusive to first-time buyers and allows you to take out a loan between 5% and 40% of the full purchase price of a newly built home. Available throughout England, the scheme will run until 31st March 2023 and has been planned with regional price caps in place. The price cap for London is £600,000 and this means that there will be many different types of new build homes available to homebuyers with the support of Help to Buy.
Leading independent housebuilder Dandara is fully registered with Help to Buy and ready to assist prospective first-time buyers at its new development at New River View in Winchmore Hill, North London. Over 80% of the one and two-bedroom apartments fall into London’s regional cap. They all include balconies or terraces, modern decors, high specification kitchens, modern bathrooms, and access to communal outdoor spaces.
Simon Pendlebury, Sales and Marketing Director for Dandara Northern Home Counties, comments:
“The launch of this new first-time buyer-focused Help to Buy scheme is one to be welcomed. Over 50% of our current reservations have been through Help to Buy. The scheme is a fantastic stepping stone for those looking to purchase a new home with just a 5% deposit and a 55% mortgage as it helps make monthly mortgage payments more affordable. It also provides the opportunity for young couples to secure a first home together and allows renters to find their own home.”
New River View benefits from an urban village lifestyle, with convenient commuting links from Winchmore Hill station taking you into central London. The Winchmore Hill Green area has numerous local amenities, such as chic boutiques, cafes, restaurants and shops. The area also has many sought-after schools, so it is no wonder that it is such an appealing place to live.
Prices for a one-bedroom apartment start from £399,950 and two bedrooms start from £515,000. For more information about Help to Buy, call the Dandara sales team at New River View on 0208 131 8614 or visit www.dandara.com.