Seddon Blog

Why right now is the perfect time to buy a new home

Posted on June 24th, 2019

With affordable rates and more help available to you than ever before, right now really is the perfect time to buy a new home. Keep on reading to find out why.

Mortgage rates are low

Data from Statista reveals that UK mortgage interest rates are steadily decreasing. In fact, they say that 10-year fixed-rate mortgages are at the lowest they’ve ever been! This is great news for those in the market for a new home since you ideally want the lowest rate possible for your mortgage. There is also a lot more flexibility for you in the current market since banks are trying to encourage borrowing in the midst of Brexit uncertainty.

Plenty of choices

There are many new build home developments popping up around the country. This wide variety of choice gives the new prospective homebuyer plenty of options as to the style, location and added extras they’d like in their new home. Plus, if you choose a Seddon home, you’ll benefit from a choice selection of stunning locations. Each development has beautifully crafted, high specification homes to suit all needs and tastes.

I just can’t afford a home right now

We understand the difficulties that many people face with a range of money-related issues. That’s why our homes come with a multitude of buying options, including Help to Buy, Deposit Builder and Sale Away.

Help to Buy is a financial help scheme to assist new home buyers with the costs of home ownership. It allows you to borrow 20% of your home’s value (up to £120,000) from the government on an equity loan, which is interest-free for the first 5 years. Because you already have 20% of the home’s value, you can apply for a 5% deposit. This, therefore, saves you thousands upfront! It makes your mortgage repayments much more affordable, so that you can simply enjoy your new home.  But be quick! The Help to Buy ISA is only available until 2023. Make use of whilst it’s still available.

Deposit Builder

Deposit Builder is our own financial help scheme, where through our financial and home expertise, we work with you to create a savings plan that works. Firstly, you reserve the Seddon home of your choice. Our financial advisers will then asses your situation. Once accepted, you will be advised on a savings plan to meet the deposit required for your new home. After the payment plan is all set up, you’re on your way to home ownership!

Sale Away

For those who already own a home but would like a new Seddon one, we also have our Sale Away scheme. Simply reserve your chosen Seddon home and we will provide enhanced advertising for your current home, at no extra cost to you, so that it sells as quickly as possible. We ensure you get the best market price, and we will pay your agents fees. You could be moving in before you know it (subject to development and plot).

Take the steps towards home ownership

So, now that you know why right now is the perfect time to buy a new home, and you’re aware of all of our helpful home buying options, why not have a look at our new homes? Seddon homes are all built to a high specification in stunning locations and our friendly sales advisors are on hand to answer any questions you may have. Contact us today to find out more.

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