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Brexit-what BREXIT???

Despite all that has been said about mortgage rates since BREXIT nothing will deter from the fact that more than 250,000 homes are needed to be built over the next few years to keep up with the housing demand.

The site which Dynevor Homes is offering at Parc Ferws in Penybanc , Ammanford comprises 2, 3 and 4 bedroom houses which are traditionally constructed to a high standard and supported by Checkmate 10 year Structural Building Warranty.

Of the 11 houses situated on Phase 3 of the site we are down to our last remaining house for sale:

1 x 3 Bedroom mid link property (Plot 4) with an asking price of £134,950

Every consideration is given to providing as low a carbon footprint as possible whilst endeavoring to keep running costs to a minimum through the use of cavity wall and loft insulation together with modern double glazing, latest building materials and energy efficient lighting. Unlike the larger house builders who seem not to be able to offer choice we believe in giving individuals as much of a blank canvas as possible through a choice of kitchens, tiling and white goods (within a given range).

A development only comes into its own when all the houses have been sold and the external works finished. With over 90% of the site sold it only needs 1 new buyer to ensure that this 3rd phase of Parc Fferws is completed which can only help to enhance the development which will then come to an end. No further development at this site is planned.

Consequently Dynevor Homes is offering to provide carpets as an addition to plots 4 and 9 and a £500 contribution towards legal fees.

penybanc new homes phase three parc fferws

Parc Fferws Phase 3 available

We are proud to announce that we have begun the third phase at our Parc Fferws development in Penybanc.

There will be a selection of 2 and 3 bedroom houses for sale from £110,000 and will be subject to the Help-to-Buy scheme with deposits as little as £5,500.

Half of the plots have already been reserved, so click on the image to view the full details and get in touch with us today!

Help to Buy Explained

Whether your looking for a new home or purchasing your first this fantastic scheme will be of interest to you!

There are currently two Help to Buy schemes available:
1. Help to Buy Equity Loan
2. Help to Buy Mortgage Guarantee

Both schemes require a 5% deposit and are available to either first time buyers or existing home owners. Beyond that, the schemes are very different and here’s how:

 Equity loanMortgage guarantee
Type of homeNew-build homes onlyNew and old homes
Mortgage required75%95%
Government equity loanUp to 20%-
Maximum purchase price£300,000 in Wales
£600,000
AvailabilityEngland
Scotland (Available in Wales before Jan 2014)
England
Scotland
Wales

Frequently Asked Questions

Q) Is Help to Buy just for first-time buyers?
A) Help to Buy is available for both first-time buyers and existing homeowners.

Q) What is Help to Buy?
A) Help to Buy is a Government-backed scheme which helps first time buyers and existing home owners purchase a home with as little as 5% deposit. There are two ways to purchase a property with Help to Buy – either with an Equity Loan or Mortgage Guarantee.

Q) What’s the difference between Equity Loan and Mortgage Guarantee?
Help to Buy Equity Loan:

• Available on new-build homes only
• You will only need to secure up to a 75% mortgage from a bank or building society
• The Government will lend you up to 20% of the value of your property through an equity loan, which is interest free for the first five years. This loan can be repaid at any time or on the sale of your home.
• Available on homes purchases up to £600,000 in England and £400,000 in Scotland

Help to Buy Mortgage Guarantee:
• Available on both new-build ho
mes and older homes
• You’ll need to secure a mortgage for up to 95% of the value of your property from a participating mortgage lender
• Available on house purchases up to £600,000 in England, Scotland and Wales

Q) How does the Equity Loan work?
A) Help to Buy Equity Loan provides buyers with an equity loan of up to 20% of the value of the property. With Help to Buy Equity Loan, buyers only need up to a 75% mortgage; whereas with Help to Buy Mortgage Guarantee, buyers will need up to a 95% mortgage.

Q) Why has Help to Buy been set up?
A) The Government is continuing its pledge to help more people across the UK to become home owners.

Q) Am I able to buy a house under the new scheme?
A) If you can raise a 5% deposit you will be able to buy a new home under Help to Buy.

Q) When did the scheme start?
A) Help to Buy Equity Loan came into operation on 1 April 2013 in England and 30 September 2013 in Scotland and has been promised by the Assembly to be launched before Jan 2014. Help to Buy Mortgage Guarantee is available from 8 October 2013 in the UK.

Q) What is the maximum property purchase price?
A) The maximum home purchase price with Help to Buy Equity Loan is £600,000 in England and £400,000 in Scotland. The maximum home purchase price with Help to Buy Mortgage Guarantee is £600,000 in England, Scotland and Wales.

Q) Can I use Help to Buy for a buy-to-let property?
A) No, the scheme is only available on properties that will be occupied by the person or persons who have taken out the mortgage.

Q) Am I able to get an interest only mortgage using Help to Buy?
A) No, the scheme is only available in relation to capital repayment mortgages.