Of all the announcements in last week’s budget, the one that’s bound to get aspiring homeowners chomping at the bit is the introduction of the mortgage guarantee scheme.
From April, 95% mortgages — which have virtually disappeared during the pandemic — will be available on properties priced up to £600,000 to purchasers with low deposits who pass affordability checks and, unlike when using the Help to Buy equity loan scheme, there’s no loan to repay when you sell.
According to Halifax, last year the average first-time buyer forked out a stomping £57,278 deposit, but by taking advantage of the new scheme, you could be getting the keys to a place of your own with a down payment of well below £15,000.
Our round-up of shiny new pads is guaranteed to whet your appetite…
Victoria Central, Southend-on-Sea, Essex SS2, from £185,000
£9,250, 5% deposit
These one-bed apartments are five minutes’ walk from Southend Victoria station and a mile from the seafront.
Each features an open-plan kitchen/living/dining room with integrated appliances and quartz worktops and upstands, and a luxury bathroom kitted out with digitally controlled smart taps.
Find out more at weston-homes.com.
Papermill House, Romford RM1, £199,000
£9.950, 5% deposit
All you need is your toothbrush as this first-floor studio suite is ready to move into now, and comes with integrated kitchen appliances, a built-in bedroom wardrobe and a free furniture package.
There’s a three-year service charge contribution, and the new Crossrail station is within walking distance.
Find out more at galliardhomes.com.
Manor Gardens, New Ash Green, Kent DA3, £185,000
£9,250, 5% deposit
Set in lush manicured gardens, these one-bed apartments are part of the first development to be built in this innovative 20th-century village since it was completed in the 1980s.
They boast airy open-plan layouts, parking and a rural location offering easy access to local shops and transport links.
Find out more at hamptons.co.uk.
Atmosphere, Maidenhead, Berkshire SL6, £200,000
£10,000, 5% deposit
One of the last two apartments in a modern development, this bright second-floor studio is convenient for the Thames and the long-awaited Crossrail station. It has underground parking, a residents’ gym, cinema room and a south-facing landscaped communal garden.
Find out more at montreaux.co.uk.
The Place, Kempston, Bedfordshire MK42, £199,950
£9.980, 5% deposit
If you fancy a box-fresh home that’s steeped in history, don’t this miss one-bed ground-floor pad in the Hardwick Apartments, a handsome red-brick block set behind a Grade II listed wall in the grounds of a former 17th-century mansion. The centre of Bedford is only a couple of miles away.
Find out more at storey-homes.co.uk.
Harbard Close, Barking IG11, £196,000
£9,800, 5% deposit
Like all Pocket Homes, this one-bed flat is designed to maximise space and light, with tonnes of storage and high ceilings.
There is secure bike storage, a communal garden with a ping-pong table and allotment beds and an indoor space for working, socialising or exercising.
Find out more at pocketliving.com.
Homes you can secure with £15,000 or less…
Centre Square, High Wycombe, Bucks HP11, from £227,500
£11,375, 5% deposit
A one-bed second-floor flat in a town centre development. Comprises an open-plan living/dining area opening to a balcony and a decent-sized double bedroom.
Find out more at inlandhomes.co.uk.
Catteshall Court, Godalming, Surrey GU7 £260,500
£13,025, 5% deposit
Make a note to check out this one-bed apartment as soon as the development launches next month.
Designed to make the most of natural daylight, it has an all-in-one living/dining area and a private balcony.
Find out more at crestnicholson.com.
Cherry Tree Court, Kingston KT1, £279,000
£13,950, 5% deposit
This spacious raised ground-floor studio is in a boutique scheme of just six high-spec apartments and consists of a large living/sleeping space with a wide bay window and wooden flooring, an open-plan kitchen with white flat-fronted units.
Find out more at foxtons.co.uk.
Hayes Village, Hayes UB3, £288,000
£14,400, 5% deposit
This light-filled studio is on the top floor of the Nestle Apartments, one of a number of buildings on the former chocolate factory site.
Includes a kitchen/sitting room, separate sleeping area and balcony.
Find out more at barrattlondon.com.
Do you have a story to share?
Get in touch by emailing MetroLifestyleTeam@Metro.co.uk.
MORE : How to decorate a home when you and your partner have different tastes
MORE : Dad-of-four buys and beautifully restores wife’s 115-year-old childhood home
How to get your Metro newspaper fix
Metro newspaper is still available for you to pick up every weekday morning or you can download our app for all your favourite news, features, puzzles... and the exclusive evening edition!
Download the Metro newspaper app for free on App Store and Google Play
source https://metro.co.uk/2021/03/09/want-a-super-low-deposit-these-homes-are-available-for-under-15k-14211052/
0 Comments