Help for homebuyers at Horsted Park
by James Renoux-Wood Mon 7 April 2014, 4:44 pm
Seventy-five per cent of homebuyers at Countryside's Horsted Park development in Chatham have made use of the government’s Help to Buy scheme during the last year.
The scheme is available for all homes costing under £600,000 at the site. It provides homebuyers with a 20 per cent equity loan and requires a reduced deposit of five per cent. A mortgage is arranged for the remaining 75 per cent.
The award-winning Horsted Park scheme contains four-bedroom family homes. When complete, it will surround a three hectare ecopark and children’s playground.
Tony Travers, managing director of Countryside’s homes and communities division said: “We’ve had a significant number of families using Help to Buy to increase the size of their home.
“In the last 20 sales alone, 14 properties at Horsted Park were sold to people using the scheme, including seven families who upsized to a four-bedroom home.”