It’s the Start of Something Magical
Where do your dreams take you?
In our latest survey, the Countryside buyers were very easy to spot:
“My house is my dream home”
“I love the house I own, New Ashbourne”
“The house I live in is perfect.”
Our developments really come to life when our buyers move in. We see the excitement on your faces when you get the keys to your new home - and knowing we played a part in making that happen makes it all the more worthwhile.
If you’re still dreaming of what might be, why not check out the latest mortgage info and advice from Independent Financial Advisor, Scott Howitt from Chartwell Mortgage Services.
The start of something new
“The stamp duty holiday has come to an end and as of 1st October, the rate returned to the standard cap amount of £125,000. This has caused quite a bit of confusion and even led some to put their dreams of homeownership on hold.
“But this doesn’t have to be the case. Particularly for first time buyers who don't actually need to pay any stamp duty on homes under £300,000.
“What many first-timers don’t know is that stamp duty only kicks in when the property is above £300k and at that point, you only pay the stamp duty rate of 5% on homes over £300,000 and up to £925,000.
“Of course, this doesn’t apply to other buyers as you will have to factor in the additional cost. But this doesn’t mean you should sacrifice your dream and give up home. The new 95% mortgage scheme could be just the ticket you need!”
The start of something spectacular
“In April 2021, a new government-backed mortgage scheme was announced to help make home ownership a more affordable option to a wider range of buyers.
“Why? It’s part of the government’s efforts to tackle inequality in the housing market and give lenders the confidence to offer mortgages to families and young people for whom home ownership was previously out of reach.
“The scheme allows buyers to access a loan with just a 5% deposit towards their new home - up to the value of £600,000. Crucially, under the new scheme, banks are able to offer both first time buyers AND existing homeowners, the opportunity to buy the home of their dreams.
“The government’s involvement means lenders have the guarantee they need to provide mortgages to cover the remaining 95% of a property’s value - subject to the usual affordability checks.”
The start of your journey
“With so many changes and choices, the mortgage market can feel overwhelming and it pays to speak to a specialist who can help you to make sense of it all. A good broker will help you find a solution that best serves your needs.
“We’ll be joining Countryside over on Instagram for a live Q&A on Thursday 21st October to answer more of your questions. Send your mortgage questions in advance to @countryside_inspire or join us on the day. In the meantime, feel free to get in touch with any of us here at Chartwell Mortgage Services to discover more about the right mortgage solutions for you.