Help to Buy prompts rise in demand for new homes at Park Farm in Thornbury

Owning the perfect new home in-and-around the market town of Thornbury is now easier than ever. The David Wilson Homes development features an impressive range of two, three, four and five-bedroom homes - suitable for a wide range of lifestyles and requirements. And the development is now even more accessible, not only for first time buyers but also for those moving further up the ladder, thanks to Help to Buy.

“The scheme is available on all new-build homes up to £600,000 at Park Farm,” said sales director Louise Ware. “Buyers can become owners with just a five percent deposit of the property value of their new home. Many lenders are able to offer a loan-to-value mortgage because the UK Government provides a guarantee of up to 15 per cent.

“Those entering the property market for the first time have long made use of the scheme, but now we are finding buyers seeking a second move to a more spacious home are also taking advantage of Help to Buy.

“A large number of buyers at Park Farm are upsizing, having previously used Help to Buy to secure their existing homes. After five years, payments on the scheme start to incur interest but, by moving home and entering into a new Help to Buy arrangement, purchasers can have another five years interest free.

“Whichever of our beautifully-designed homes buyers choose here, they are in for a real treat. And the location of Park Farm, here in Thornbury, just adds to the attraction. We’re expecting a busy time ahead as we Help to Buy home at Park Farm in Thornburywelcome visitors to the site for the chance to showcase everything we have to offer here.”

Park Farm is located less than five minutes from Thornbury High Street. The market town has a good variety of local stores, restaurants, pubs and the Ofsted ‘Outstanding’ St Mary’s Church of England Primary School.

The development is ideally located for commuting, with excellent transport links to the M48, M4 and M5. Both Bristol and Gloucester are also within easy reach.

Current availability under Help to Buy includes the two bedroom Wilford design, priced from £260,000, the three bedroom Greenwood home, from £350,000, and the four bedroom Cornell, Drummond and Holden houses, from £455,000, £470,000 and £520,000, respectively.

For more details about Help to Buy at Park Farm, visit www.dwh.co.uk/Offers/Help-to-Buy or call 0330 057 6000.

Help to Buy Example, based on £260,000 purchase price:

Mortgage       75%     £195,000

Deposit           5%       £13,000

Equity Loan   20%     £52,000

 

April 25, 2019

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