Help to Buy (Scotland) and Cruden Will Help YOU Buy!

At Cruden Homes, we can make the reality of owning a new home possible. Working in line with the Scottish Government procedures, we will qualify you for the Help to Buy Scheme. We will support you on the journey through the buying process to secure the home of your dreams.

Help to Buy is open to all buyers from 1st March 2016, so even if you are not a first time buyer, help is still available for you, and with only a 5% deposit to pay, the time to buy your new home could be closer than you think!

The Scottish Government will loan you up to 15% of the purchase price of your new home as an ‘equity loan’. You, as the buyer, will then fund 85% of the purchase price through the combination of your mortgage and 5% deposit. See our examples below for approximate breakdowns:

Price range at Cruden Baron’s Vale from £125,000 – £160,000.

 

HTB

2 Bedroom Mid-Terrace                                      3 Bedroom Semi-Detached

The Honeysuckle                                                   The Oak

Purchase Price £125,000        Purchase Price £160,000
Your 5% deposit £6,250 Your 5% deposit £8,000
15% HTB loan £18,750 15% HTB loan £24,000
80% mortgage £100,000 80% mortgage £128,000
Approximate monthly

mortgage repayment

£ 450   Approximate monthly

mortgage repayment

£ 572
         

 

All properties at Cruden’s new Baron’s Vale development are eligible under the new Help to Buy Scheme. Click here to view.

 

Applications will be accepted from the 1st March 2016, for new build property purchases concluding between 1st April 2016 and 31st March 2017, and can be made for homes up to the value of £230,000. For purchases concluding on or before 31st March 2018 the value is £200,000, and for purchases concluding on or before 31st March 2019, the value is £175,000.

You will be able to access the application form through the Link Housing website from 1st March 2016 onwards.

For further information on how the new scheme will work, please click here

 

 

Help to Buy is not available in correspondence with any other offer and applicants should be aware that their home may be at risk if they do not keep up repayments on their mortgage or any other loan secure on it.

Help to Buy prices based on 85% of full purchase price. Eligible applicants will be offered an equity loan of up to a maximum of 15% of the purchase price (based on the open market value). No interest is charged on this loan. Applicants are required to fund at least 85% of the purchase price by means of a conventional mortgage, savings and any deposit where required. Terms and conditions apply and full details will be provided on request. This offer is only available on selected developments and properties in Scotland up to £230,000. It is not offered with any other promotion. YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER LOAN SECURED ON IT. Written illustrations are available upon request. All images used are for illustrative purposes only. This image is a typical representation of a Cruden Homes’ interior and is indicative of the quality and style of the specification. It may not represent wholly the actual fittings and furnishings at a development. Please ask the Sales Consultant for specific details.