Scottish Government Introduces Shared Equity Scheme

September 15 2011

With the FirstBuy assistance scheme grabbing the property headlines recently in England and Wales, the Scottish Government has also introduced its own version of the shared equity model aimed at first-time buyers. The New Supply Shared Equity with Developers scheme offers £8 million in loans to individuals on low and moderate income, who are otherwise unable to purchase their first new-build home in Scotland.

Under the scheme, the Government and housing developer jointly provide a 10-year interest-free loan to the buyer, reducing their deposit and mortgage requirements to an affordable level. This sum should be paid back in full by the homeowner at the end of the ten-year period or when the property is sold, whichever is sooner. To date, 16 housebuilders and housing associations have signed up to the scheme, including Persimmon Partnerships, Cruden Group, and Highland Housing Alliance.

Eastfields from Bellway Homes

Some 27 first-time buyers are due to be helped onto the property ladder with the NSSE with Developers initiative at Bellway Homes' Eastfields development in Glasgow

The largest project is for 27 properties at Eastlands, a Bellway Homes development of new homes in Glasgow‘s East End. However there is no minimum size for the allocation, with the smallest being a single property at Ailsa Gardens in North Ayrshire by Persimmon Homes.

Bellway has already assisted 20 first-time buyers in purchasing one- or two-bedroom apartments at Eastfields in Carntyne, a district in the east of Glasgow. Here, a one-bedroom property could cost as little as £53,000 up-front under a 60%/40% shared equity deal, against a full price of £86,995.

A number of new developments have already been planned for the East End of Glasgow ahead of its role as the home of the Athlete’s Village at the 2014 Commonwealth Games.

by What New Homes team

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Posted by annemcdonald

Central Scotland new homes

February 1 2011

Having seen its fair share of battles over the years, Central Scotland is immersed in history. Landmarks such as Stirling Castle and the Wallace Monument are testament to the area’s dramatic past but the region is also known for its forward-thinking, shown by innovations such as The Falkirk Wheel, the world’s first rotating boat lift.

For shopaholics the Central Scotland area is a terrific place to buy a new home, with a variety of high street stores and independent boutiques lining the streets. Leisure facilities are of a high quality too and there are almost endless walking and cycling routes in the region. Consequently, numerous new homes developments are underway in the area.

Kinnaird Gardens from CALA Homes

This 5-bed 'Kennedy' detached home at CALA Homes' Kinnaird Gardens is £342,000, now available with part exchange, £10,000 cashback and Stamp Duty and legal fees paid

CALA Homes’ Kinnaird Gardens development in Larbert has something to suit everyone.  The development comprises a range of home styles from one-bedroom apartments to four-bedroom townhouses and five-bedroom detached villas.  Features include individually designed kitchens with integrated appliances, Laufen bathrooms and integral garages. Prices start at £199,950, with current offers of part exchange, Stamp Duty paid and even £10,000 cash back available on selected plots from the developer.

David Wilson Homes’ new development in Maddiston offers three-bedroom townhouses and four-bedroom detached villas, a few minutes’ drive from the M9. Homes at The Meadows are priced from £189,995 and features on the range of designs include breakfast rooms, garages and en-suite facilities. Part exchange is offered on selected plots.

Stirling Waterfront from Bett Homes

Contemporary design makes apartments at Bett Homes' Stirling Waterfront, from £126,995, appealing to young professional buyers

Located on the banks of the River Forth, Bett Homes’ Stirling Waterfront development boasts an array of one-, two- and three-bedroom apartments with a contemporary edge, perfect for the young professional commuting to Glasgow or Edinburgh. Prices at the development start at £126,995.

Set in the heart of Stirling, the Strathallan Park development from Stewart Milne Homes offers two styles of  detached house, each with four bedrooms. Priced from £265,000, the homes include French doors to the garden, a utility room, en-suite facilities and built-in wardrobes. Anyone saving up a large deposit should enquire about the 90% mortgage on offer at the development through the housebuilder, subject to status.

Ochilview from Barratt Homes

The 'Ascot' 4-bed detached house at Ochilview includes a garage, study and 2 en-suite bedrooms in its £229,995 price tag

With easy access to both the M8 and M9, Barratt Homes’ Ochilview development in Maddiston is ideal for commuters and also close to Falkirk town centre. Ochilview consists of four- and five-bedroom semi-detached and detached homes with the emphasis on family living.  Prices start from £179,995.

Allanwater Homes’ Alloa Park development on the outskirts of Alloa is close to Stirling city centre yet enjoys a rural setting with striking views of the Clackmannan Tower and the River Forth. Prices start from £124,995 and the homes on offer range from two-bedroom terraced homes to five-bedroom detached houses. There a Deposit Match offer on all reservations made in January. The House of the Month, a four-bedroom villa with a list price of £199,000, is available at an up-front price of £159,200 under the company’s shared equity scheme and also comes with Stamp Duty and legal fees paid and turf and carpets included.

The housebuilder is offering its 80%/20% equity share scheme on many plots at this scheme, great news if you’re looking for affordable new homes in Alloa.

The historic town of Denny is home to Ogilvie Homes’ Stoneybrae development. Located 30 minutes away from both Edinburgh and Glasgow, it’s an area that is perfect for commuters. House types available include a selection of two-bedroom cottage flats as well as three- and four-bedroom detached villas. Prices start from £115,000, with special offers from the housebuilder until the end of January.

by Maria Brett

Leave a Comment » | allanwater homes, barratt homes, bett homes, cala homes, ogilvie homes, stewart milne homes, stirling | Tagged: , , , , , , , | Permalink
Posted by Keith Osborne

Glasgow new-build apartments for sale

January 17 2011

Scotland’s largest city enjoys continued popularity with young professionals and there are many reasons why a new-build apartment in Glasgow makes a great choice for homebuyers. Many of the city’s new property developments reflect this with some excellent new apartments available there.

Richmond Gate from Bett Homes

2- and 3-bed apartments at Richmond Gate are priced from £124,950, from Bett Homes

Glasgow is a stylish, cultured and vibrant place in which to live and work, boasting huge high street stores and exclusive boutiques which have gained the city a reputation as a fabulous retail destination. The city is also home to some of Scotland’s largest music venues as well a host of theatres, galleries, museums and restaurants. Unsurprisingly in a city boasting three universities, there is superb and varied nightlife, with some 700 pubs and clubs to choose from across the city. Many districts now have a selection of new apartments for sale, providing a base from which to enjoy city life.

Almandine Apartments is the latest new homes development in Glasgow from Ogilvie Homes. With breathtaking views across the city, this scheme of two-bedroom apartments is located in the Garnethill area. The apartments have open-plan kitchens and living areas and many of the layouts include en-suite facilities to the master bedroom, with prices starting at £175,000. Those looking for a more affordable home in Glasgow may be pleased to hear that the company is offering an 80%/20% shared equity scheme on selected plots at the scheme.

Route 1 West from Redrow

Buyers can expect en-suite facilities to the master bedroom and allocated parking at Redrow's Route 1 West, from £168,000

Taylor Wimpey’s Kelvindale Glade development, located to the north-west of the city centre, comprises executive one-, two- and three-bedroom apartments. The selection of ayouts on offer provide open-plan living, en-suite bathrooms and built-in wardrobes, while the large windows ensure the living area is bathed in light. Prices start at £150,000.

The West End location of Redrow Homes’ Route 1 West development at Greenlea Street is very convenient for those working in the city centre. Priced from £168,000, the two-bedroom apartments here have  en-suite facilities to the master bedroom and an allocated parking space plus a separate living room and kitchen for those who aren’t yet converted to open-plan living.

Situated on the south bank of the Clyde, Bett Homes’ Richmond Gate development boasts two- and three-bedroom apartments in a distinctive architectural style. Priced from £124,950, features include fitted wardrobes and an en-suite to the master bedroom.

Pyrus from Bellway Homes

Bellway Homes has 2-bed apartments from just £87,995 at its Pyrus scheme in Parkhead

With just 25 two-bedroom apartments, Westpoint Homes’ Strathcona Drive scheme in the West End has a close community feel where, despite the small size of the development, choice has not been compromised. There are five apartment styles on offer, including a host of great features such as fitted wardrobes in all bedrooms, Porcelanosa tiling and all major kitchen appliances. These two-bedroom apartments are available from £146,950.

Located in the Parkhead area, the Pyrus development at Springfield Gardens from Bellway Homes provides buyers with the opportunity to specify their own bespoke living area by choosing features such as tiles, kitchen units and worktops, appliances, flooring and audio, home cinema and surround-sound packages. Prices here start at £87,995.

by Maria Brett

Leave a Comment » | bellway homes, bett homes, glasgow, ogilvie homes, redrow, taylor wimpey, westpoint homes | Tagged: , , , , , , | Permalink
Posted by Keith Osborne

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