Buying Off Plan and Planning Your Move with Cruden

August 16, 2016 Kings View - Maple Lounge 1

As the final 15 homes are released for sale at Baron’s Vale, Cruden offers industry expert advice and information on buying your new home in Britain’s current economic climate.

 

Only three miles from Glasgow city centre, Baron’s Vale in Glasgow’s thriving east end offers affordable luxury, first-class transport links, high quality local amenities and some of the best woodland walks Scotland has to offer on its doorstep.

The Development

Cruden Homes brings its latest award winning home styles to the new East End of Glasgow.  In this exclusive development of just 30 homes, prices range from £125,000 to £160,000 for these stylish two and three bedroom terraced houses and three bedroom semi-detached homes.

Cruden carefully research their homebuyer groups to design and build their properties to match their affordability, lifestyle needs and demands.

Homes at Baron’s Vale, which are due for completion by March 2017, are perfect for first time buyers, growing families, downsizers and anyone dreaming of taking their first step onto the property ladder.  Demand has been overwhelming with all of the homes released in the first phase now under reservation.  As a result, the final 15 homes on the development are now being released for sale this weekend.

Affordable luxury

Homes at Baron’s Vale offer excellent value for money.  They are significantly larger than comparatively priced new-build homes and all homes come with a high specification as standard which includes:

  • Choice of contemporary kitchens in a range of styles and colours with soft close doors and drawers.
  • Glass splashback in kitchens.
  • Stainless steel oven and hob.
  • Fitted wardrobes in all bedrooms.
  • Turf to front and back gardens.
  • Monoblocked driveways.
  • Chrome bathroom and en-suite accessories.
  • Choice of Porcelanosa tiling combinations.
  • Heated towel rails in bathroom and en-suite.
  • Stylish internal doors and handles.

House types

At Baron’s Vale, there is a house type to suit every need.  Choose from:

The Honeysuckle – a 910 sq. ft. two-bedroom mid terrace home

The Oak – a 1,018 sq. ft. three bedroom semi-detached or end terraced home

The Maple – a 1,020 sq. ft. three bedroom semi-detached or end terraced home

The Willow – a 1,022 sq. ft. three bedroom semi-detached home

Buying off plan

Buying ‘off plan’ gives people the advantage of being able to plan and budget their house move in detail.  Cruden’s structured purchase plan can support those looking to buy of their estimated monthly mortgage payments, deposit required and all the other costs associated with home ownership. What’s more, it gives you all the time you need to make sure you get the right sofa, bedding or curtains for your new home. . .

Plan ahead with Help to Buy

All of the properties at Baron’s Vale are eligible for the Government-backed Help to Buy (Scotland) scheme which allows buyers to own a home with only a 5% deposit.*

This initiative genuinely presents an affordable option for buyers to get a foot on the property ladder. The team at Cruden homes will qualify and support your application for Help To Buy if you are eligible.

Planning for the future by taking advantage of Low Interest Rates

It is the best time ever to secure a cheap fixed rate mortgage with the recent announcement of the Bank of England interest rate falling to 0.25% Anyone thinking of buying a new home, would be wise to take advantage of a fixed rate mortgage. Two years fixed rates are good however for greater certainty you may wish to lock into a five year fixed rate which takes you beyond 2020 and the possible EU exit.

Affordability is key for purchasers and the table below could help you plan your budget should there be any rise in rates in the near future.

 

House Type Purchase Price 5% Deposit 15% HTB Loan Approx. Monthly Payments 0.5% increase 1% increase
Honeysuckle £125,000 £6,250 £18,750 **£450 **£475 **£500
Oak £155,000 £7,750 £23,250 **£555 **£590 **£620
Willow £160,000 £8,000 £24,000 **£575 **£608 **£640

 

**Please note these figures are estimated on a 2 year fixed rate mortgage and are for guidance only.  The prices are indicative and subject to change, the selling price will be confirmed at reservation. Please also note that these are approximate figures and our financial advisor will qualify clients individually and give all accurate information.

*Help to Buy (Scotland) has specific terms and conditions and is subject to criteria defined by the Scottish Government. It is not available in correspondence with any other offer. Your home may be at risk if you do not keep up repayments on your mortgage.

 

Featured Image: Cruden King’s View, 3 Bedroom Maple House Type Typical Interior