Your brand new Mactaggart & Mickel home could soon be within easy reach!
Only a 5% deposit is required with the return of the Help to Buy Scheme, plus help of up to 15% is available towards the purchase price of your new build home - this could mean you are able to afford a larger home than you first imagined!
Applications can be made for Help to Buy starting 1st March by all home buyers - not just first time buyers - so if you are a second or third stepper this scheme could help you too.
The Help to Buy Scheme will be accepting applications for new build house purchases concluding between 1st April 2016 and 31st March 2017. Applications can be made for homes up to the value of £230,000.
2 bedroom terraced villa
Price of your new home £146,995 (100%)
Your mortgage £117,596 (80%)
Your 5% deposit £7,350 (5%)
Your total contribution £124,946 (85%)
Help to Buy Equity loan £22,050 (15%)
3 bedroom terraced villa
Price of your new home £178,495 (100%)
Your mortgage £142,796 (80%)
Your 5% deposit £8,925 (5%)
Your total contribution £151,720 (85%)
Help to Buy Equity loan £26,774 (15%)
Help to Buy (Scotland) will be available on selected plots at the following Mactaggart & Mickel Homes developments:
Polnoon, Eaglesham (one 2 bed apartment available)
Greenan Views, Ayr (2 and 3 bedroom semi detached and terraced homes)
Thornybank Green, Dalkeith (2 bedroom apartments and one 3 bedroom detached home available)
Mure Park, Uplawmoor (3 bedroom semi detached homes)
Millerhill, Midlothian (1, 2 and 3 bedroom homes) Coming soon….
The Help to Buy application process is simple and managed by Link Group. For further info on how the new scheme will work please go to http://www.gov.scot/htb