Barnoldswick is a new home haven in LancashirePosted on March 31st, 2017
Whether you’re looking for a 3, 4 or 5 bedroom home in Lancashire, Southbeck in Salterforth has an array of new homes to choose from.
With prices starting from £212,000 or £169,600 with Help to Buy, Southbeck is proving to be a very popular development, both with the local community and with people seeking to move into the area.
Since our launch last year, we have seen our new homes in Salterforth get snapped up by a range of buyers: families, second steppers, and first time buyers, who have all fallen in love with this stone built development.
A large proportion of our new homes have been purchased using the Government backed Help to Buy scheme, which is a great incentive for our buyers. Help to Buy is an incentive which allows the buyer to save a minimum 5% deposit for their new home. The Government then contribute a further 20% to this in the form of an equity loan. This helps take the strain off securing a mortgage as the total mortgage amount required is reduced to just 75% of the house price!
If you were to buy our 3 bedroom Rishton, which is Home of the Month in Salterforth, priced at £212,000, you would need to only save £10,600 as a deposit. The Government will then loan you a further £42,400 as an equity loan to put towards your new home. When you combine these two factors, you are left with sourcing a mortgage of £159,000!
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