Secure a new home at Kings Reach with Help to Buy
Homebuyers have a superb chance to step on – or up – the property ladder for less at Kings Reach, Taylor Wimpey’s popular development in Kings Lynn.
The Government’s new Help to Buy shared equity scheme is available now at Kings Reach, enabling first-time buyers and existing homeowners to purchase their new home for 80% of its full price, including a 5% deposit.
For example, the stylish four-bedroom ‘Sherwood’ crescent townhouse at Kings Reach can be secured under Help to Buy for an 80% shared equity price of just £135,996 (full price £169,995) including a 5% deposit as low as £8,500.
The three-bedroom ‘Aston’ terraced house, meanwhile, can be secured for an 80% shared equity price of just £127,996 (full price £159,995) including a 5% deposit as low as £8,000.
Alternatively, the three-bedroom ‘Charleston’ terraced house is available at the development from £147,995 (Help to Buy shared equity prices from £118,396), while one-bedroom apartments are priced from only £78,495 (Help to Buy prices from £62,796) and two-bedroom designs from £95,995 (Help to Buy prices from £76,796).
Because Help to Buy customers only require a 75% loan-to-value mortgage for their new property, they can access a much more competitive range of deals from lenders – making it even more affordable to live in this historic market town.
Stacy Dornan, Regional Sales and Marketing Director for Taylor Wimpey, says: “Help to Buy is the perfect solution for would-be buyers who are struggling to step on or up the property ladder.
“This superb scheme makes it possible to secure an apartment or a family-size home for less at Kings Reach and then enjoy the benefits of lower monthly mortgage repayments – and life in this wonderful location!”
The impressive four-bedroom ‘Sherwood’ crescent townhouse is just one of the homes available under Help to Buy and features a spacious kitchen/dining room opening through French doors to the private rear garden, plus a guest cloakroom off the entrance hallway.
Upstairs, the first-floor landing leads to a lounge and an en-suite master bedroom, both with attractive Juliet balconies, while three further well-proportioned bedrooms and a main bathroom occupy the top floor. The property also benefits from an integral garage and parking for two vehicles outside.
All homes at the development are completed to a high standard specification, including energy efficient central heating, double glazing and a fitted kitchen with integrated oven, hob and hood.
The Help to Buy shared equity scheme involves a Government loan of 20% and is available on new-build properties up to the value of £600,000. There is no salary cap for purchasers using the scheme.
The NewBuy initiative, meanwhile, gives credit-worthy purchasers in a variety of circumstances the chance to access their ideal home with a 95% mortgage.
Situated on the outskirts of King’s Lynn and close to a stunning Fenland landscape, Kings Reach offers homebuyers a tranquil location only minutes from a choice of shops, pubs, leisure facilities and places to eat.
For commuters, the A10 and A47 are both within a few minutes’ drive, while the cities of Peterborough and Norwich, as well as the beautiful north Norfolk coast, can all be easily reached by road.
To find out more about securing a home under Help to Buy at Kings Reach, property-seekers should visit the Sales Information Centre, located off Anthony Nolan Road, King’s Lynn, and open Tuesday to Sunday from 10am to 5pm and Mondays from 1.30pm to 5pm. Alternatively, log on to taylorwimpey.co.uk/eastanglia.
