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Abbey New Homes

Is now a good time to buy?

30th September 2020

Thanks to the range of incentives and money-saving schemes available to buyers at the moment, there are more properties being bought and sold than in any period during the past ten years. Whether you are looking for a modern apartment or a larger family house, there are plenty of options available which might just make this the perfect time to buy.

  1. Stamp Duty Holiday

This Government initiative means that there is no stamp duty land tax (SDLT) payable on properties priced under £500,000 and a reduced amount on properties over that price. Usually, this tax is payable on all property transactions priced over £125,000. This is saving buyers up to £15,000 and is available to everyone who completes the purchase of their home by 31st March 2020.

  1. Help to Buy equity loan

Available on all newly-built homes in the UK priced at £600,000 and under, the Government will lend buyers up to 20% of the value of their new home (40% in London), so you will only need a deposit of 5% and a mortgage of 75%. Not only is this valuable help for first-time buyers but for second steppers, it enables them to upsize to a larger home than they might otherwise be able to afford. In addition, the Government loan is interest-free for five years. The scheme is open to all buyers until 31st March 2020; after this, only first-time buyers can use it.

  1. Personalised incentives package with Abbey New Homes

At Abbey New Homes, we also offer additional incentives packages at many of our developments. This could include free upgrades on your new home such as flooring, contributions towards your stamp duty (if applicable) or legal fees, or even furniture vouchers.

We have a range of houses and apartments in locations across the South East. Schemes range from town-centre apartment buildings, ideal for young professionals and first-time buyers, to larger family houses in up and coming neighbourhoods. Every Abbey home, regardless of size or location, is of a high-quality design with well-planned interiors, a modern specification and at a competitive price.

If you think that now sounds likes the ideal time to buy, and would like to find out more about our developments and incentives, get in touch!