RSS Feed

Related Articles

Related Categories

Help to Buy boost for Bishop’s Stortford buyers

14th December 2016 Print
Redrow’s Regent’s Court

Buyers who thought they couldn’t afford a new apartment in Bishop’s Stortford are being urged to reassess their finances.

The Government-backed Help to Buy equity loan scheme has just been introduced at Redrow’s Regent’s Court development.

It means that aspiring first time buyers could find that they’re priced into the property market, enabling them to purchase a longed-for home of their own.

Kerry McCoubrey, sales director for Redrow Homes (Eastern), explains: “Apartments make great starter homes, but often those who want to buy fear they’re priced out of the property market because lenders require them to have substantial savings to put down as a deposit. Now that building work at Regent’s Court has progressed we’re able to offer Help to Buy, which can make a real difference to customers’ budgets and borrowing power. Typically someone using Help to Buy should only need a relatively small deposit of around 5%, plus a 75% mortgage from their chosen lender. The remaining 20% is covered by the equity loan. Crucially, the equity loan is interest free for five years.”

Regent’s Court offers 38 apartments in a choice of one and two-bedroom styles over two elegant and contemporary buildings.

Current prices start from £244,995 for a one-bedroom home.

Help to Buy reduces the initial price to just £195,996. The lower price includes a deposit of £12,250 (5%) plus a mortgage for £183,746 (75%). The remaining £48,999 (20%) is covered by the equity loan.

The apartments will offer open plan living with combined kitchen, living and dining rooms to maximise the potential of the space available.

Kitchens will be well equipped with integrated top brand name appliances; while bathrooms will feature sleek modern fixtures and fittings. The master bedroom will also benefit from an en-suite.

All of the apartments have allocated parking and selected properties include Juliet balconies.

Bishop’s Stortford town centre, home to a selection of independent and high street stores including Fat Face, Next, Pandora and upmarket supermarket Waitrose, is less than a 10-minute walk from the apartments.

The train station is also really convenient. Residents could be whisked into London Liverpool Street in just 46 minutes, including walking to the station. The M11 is just 10 minutes away; while the M25 is also close by, offering easy access to Cambridge. For international travel, Stansted Airport is just 13 minutes away by car.

The apartments at Regent’s Court are being sold ‘off plan’ via Intercounty estate agents in Bishop’s Stortford. For more information see

More Photos - Click to Enlarge

Redrow’s Regent’s Court