Step on the ladder with Help to Buy

For sale: Scheme available for Shanly Homes’ Waterside Quarter development

The Government says goodbye to Help to Buy in April 2023, after helping thousands of first-time buyers purchase a home.

In the first half of 2021, properties bought under the Help to Buy equity loan scheme increased by 85 per cent as compared to the same time in 2020.

With the scheme’s expiry date approaching, Shanly Homes is helping first-time buyers take the opportunity to step onto the property ladder in Maidenhead before it’s too late.

With Help to Buy available at the developer’s flagship scheme Waterside Quarter, located in the centre of Maidenhead’s vibrant town, first-time buyers can purchase their first home in this unique location with just a 5 per cent deposit.

The Help to Buy scheme is designed to exclusively allow first-time buyers to purchase a new-build home with just 5 per cent deposit, rather than the usual 10 per cent.

The Government loans up to 20 per cent of the property’s full market value and the remainder is made up by a standard mortgage.

Here are just three of the top reasons why first-time buyers should not miss the chance to purchase a home through the scheme:

1. Low deposits

Without a doubt, a huge advantage of the Help to Buy scheme is the low deposit it requires. The well-known struggle that first-time buyers face in saving obscene amounts to cover house deposits is lessened under this scheme. To save 5 per cent of a property’s full purchase price is a much more realistic goal for first-time buyers and helps them turn their home-owning dreams into a reality.

2. Five years interest free

The equity loan provided by the Government under the scheme is interest free for an incredible five years. The financial side of home buying is exhaustive, particularly at the start of the process, but with Help to Buy, purchasers have time on their side to work out costings.

3. Potential to access lower mortgage rates

With Help to Buy, first-time buyers will be borrowing less overall, meaning they may be able to qualify for a lower mortgage rate. For any interested purchasers, the sales team at Waterside Quarter will be able to assist buyers in getting the correct professional financial advice.

So, why wait? Set alongside Maidenhead’s beautifully rejuvenated waterways, Waterside Quarter offers a contemporary collection of one and two-bedroom apartments.

Designed to accommodate modern living, all apartments benefit from open-plan living areas, maximising space and flexibility. Residents at Waterside Quarter will enjoy a waterside piazza lifestyle, with the new development including an on-site gym, F45, and a selection of bars and cafes, including the renowned Coppa Club.

Prices at Waterside Quarter start from £270,000. For more information, please visit: www.shanlyhomes.com or call 01628 673046.