First Time Buyers Initiative
Affordable new homes for first time buyers are available now from St George at Beaufort Park. St George is making affordable new homes available, at Beaufort Park, London NW9, to qualifying buyers as part of the Government's new First Time Buyers Initiative. New release of apartments coming soon, register for details.
|Full Purchase Price||£174,950.00||100%|
|FTBI buyer affordable mortgage||£78,727.50||45%|
|FTBI buyer pays 5% equity deposit|
(FTBI buyer's mortgage plus cash deposit must equal at least 50% of the full purchase price)
(minimum £25,001 of which FTBI buyer pays fees after 3 years)
|Subject to availability. Prices shown are for illustrative purposes only. Please contact the Beaufort Park Marketing Suite for latest availability and apartment pricing.|
The Government retains a right to a share of the future sale proceeds which will be equal to the initial percentage contribution required to assist the buyer. For example if the purchase was assisted with a 25% contribution, the buyer will repay the Government 25% of the total value when it is sold.
FTBI enables aspiring first time buyers who cannot otherwise afford to buy a home outright to purchase through an affordable mortgage, and with Government assistance, a new home on a designated FTBI development scheme. The Government then has an entitlement to a future share of the property's sale proceeds, which means hard-pressed buyers can enjoy the benefits of home ownership but on a more affordable basis.
Who can apply?
Applications are made through the HomeBuy Agent, Metropolitan Home Ownership who will prioritise public sector key workers and other qualifying groups who are seeking to buy a new home but are currently priced out of the market.
Last remaining studio and one bedroom apartments, including:
For more information please call the marketing suite quoting FTBI:
Beaufort Park Marketing Suite
Aerodrome Road, Hendon, London NW9 5JJ
Open weekdays 10am - 8pm, Weekends 10am - 6pm
Tel: 020 8511 8600 or Register Your Interest
Metropolitan Home Ownership
Tel: 020 8920 7777
* Subject to terms and conditions. Please liaise with a sales consultant for details.
Your home may be repossessed if you do not keep up payments on a mortgage or any other debt secured on it. Check that this mortgage will meet your needs if you want to move or sell your home or you want your family to inherit it. If you are in any doubt, seek independent advice. 6.0% APR Typical.