77 De Vere Grove
84 Thomas Bell Road, Colchester, CO6 2PF
with min. deposit
2 bedroom flat
Wonderful 2 bedroom apartment in the De Vere Grove development. The price advertised represents purchasing a 50% share of the home.
About the Development
Earls Colne is a small village just a few miles from the popular Halstead. This development will be offering a selection of 2 bedroom homes available through Shared ownership. Earls Colne has a selection of local amenities such as a convenience store, tennis club as well as providing a primary school and doctors surgery. All homes are offered with various integrated appliances and allocated parking.
About the Home
This brilliant two bedroom home has been finished to a high standard …
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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