15 Hampton Park
6 Tiger Way, Colchester, CO3 8DU
with min. deposit
3 bedroom semi-detached house
Wonderful 3 bedroom detached house in the Hampton Park Development. The price advertised represents purchasing a 50% share of the home.
About the Development
Hampton Park is a wonderful new development in Colchester that will offer a selection of high spec 2 & 3 bedroom semi-detached houses. This historic Essex Town dates back over 2000 years and has an abundance of culture and local amenities for all to enjoy. Colchester Castle is a popular site for tourists and the recently opened Zoo has proven very popular with Locals. These homes are the perfect place to embark on a shared ownership journey, register your interest now.
About the Home
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with min. deposit
Help to Buy is an equity loan scheme to help you buy a new home. If you have a 5% deposit and can cover 75% of the value of the home with a mortgage (or 55% in London), the Government will lend you up to the remaining 20% (40% in London) in the form of an equity loan that carries 0% interest in the first 5 years. This is available on a variety of new-build properties for first time buyers and is subject to the property price, the subsequent price cap in that region and the developer offering the option.
You can read more on the Help to Buy FAQ
The rules for shared ownership are different to a private purchase. In short, as long as you don’t currently own, or won’t own another property when you move in to a new home, you’re likely to qualify. Help to Buy is available to first time buyers only and the property value itself must fall below a price threshold for that specific area which varies in terms of the average house price in the region.
Read more about eligibility in the FAQ