Cube Homes are very much experts in the property industry, and while times may still feel abnormal, it doesn’t mean you need to stop the search for your perfect home. We’re here to help you on your journey, and here’s our top tips on how make purchasing your new home affordable in these strange times.
Mortgage rates are currently at an all-time low
COVID-19 has created a large dip in mortgage rates, partly down to lenders pulling loans for borrowers with small deposits yet meaning now is the perfect time to apply for a mortgage for your dream Cube Homes home in Prestwich, near Manchester. The average two-year fix is now just 2.02 per cent, down from 2.43 per cent on March 1st, according to Moneyfacts.
Look out for amazing incentives
Often you find incentives can make all the difference when it comes to making the journey to your dream home that little bit less stressful and more affordable, with extra throw-ins here and there, and often money substitutes or discounts. For a limited time only, we have reduced the prices of our stunning 4-bedroom family homes, that you can reserve for just £99! With Help to Buy available and no stamp duty fees, these incentives are only available on selected plots and for this month only, so get in touch today to snap up your hot property at Fairways View in Prestwich today.
Now is the perfect time to save money, while there aren’t some of the extra outgoings as they’re either on hold or not needed.
While a lot of services and facilities are still closed following Government guidelines, now is the time to focus on putting that money aside for house savings, whether it be towards a deposit, fees or interior for when you have moved into your brand-new home!
The Government-backed Help to Buy scheme can give you a helping hand with finances, whether you’re a first-time buyer or second-stepper
The Government have recently accounted that their Help To Buy scheme will be coming to an end on properties over £224,000 form the next financial year, so now is your chance to make the most of this fantastic scheme that makes the journey to your new family home in Prestwich that bit more affordable! The scheme is currently available for both first-time buyers and second-steppers, and first-time buyers don’t have to pay stamp duty; however, this will change when the new scheme is introduced in 2021.
Help to Buy works by allowing you to purchase your new home with just a 5% deposit, and then Government lends you up to 20% of the value of the property, giving you a helping hand.
Help-to-Buy is currently available on all of our beautiful 4-bed family homes, and boasting high-specification as standard and space for all of the family, you don’t want to miss out. To give some examples, for our semi-detached plots at our Fairways View development, priced at £470,000, the calculations would be:
5% deposit of £23,500
20% Help to Buy Equity Loan of £94,000
75% Mortgage of £352,000
For our stunning home of the week, plot 2 The Hamilton, priced at £499,000, Help to Buy could help you with the following:
5% deposit of £24,950
20% Help to Buy Equity loan of £99,800
75% Mortgage of £374,250
Get in touch with Cube Homes today to avoid missing out making the purchase of your dream home that bit more affordable with Cube Homes!