Ways To Buy With Us
Why buy with Stonewood?
Whether you’re moving up the property ladder, downsizing or investing in your first home, Stonewood Partnerships will ensure your journey is a smooth one from start to finish.
We are committed to building quality distinctive new homes, in village locations and will work alongside you to ensure whichever home you choose, will be one which you can really make your own.
We have a selection of schemes that we use on selected developments, please contact a member of the team for specific details to find out which is available for you.
What is an Early Bird Reservation?
An Early Bird reservation allows you to hold your preferred plot and gives you first refusal when we release your plot for sale. If you wish to make an Early Bird reservation you will pay a £1,000 payment.
What happens when the properties are released for sale?
In order to make a full reservation when your plot is released for sale, you will need to be proceedable. This means, you will have agreed a chain complete sale on your current home, you are renting or are a first-time buyer and you have a valid mortgage decision in principle. Your £1000 Early Bird fee will be transferred to your full reservation and will be deducted from your final account upon legal completion.
If you cannot proceed when we release your plot for sale, your fee is fully refundable. We will cancel your Early Bird reservation and your fee will be returned within 14 working days.
Help to buy
Help to Buy allows first time buyers the opportunity to purchase a property for just 5% deposit, with an additional Government-backed loan of up to 20%, interest free for five years*.
The Help to Buy scheme differs depending on where you live – there are regional price caps in England and variations of the scheme for London and Wales.
We’re here to guide you through the process of using Help to Buy, and with great incentives available across our developments, now is the time to reserve.
How does it work?
With a Help to Buy equity loan, first time buyers can purchase a newly-built home with just a 5% deposit.
As part of the scheme, the Government lends you up to 20% of the cost of your home, meaning that you’ll only need a 75% mortgage to make up the rest.
For the first five years, the Government’s share of the loan is completely interest-free. You must repay the Help to Buy loan after 25 years, or earlier if you sell your home, repaying the same percentage of the proceeds of the sale of your home (i.e. if you received 20% on purchase, then you must pay 20% of the proceeds of the future sale).
The new Help to Buy scheme is available to first-time buyers only, subject to eligibility, and is restricted by regional price caps. The current price cap for the South West is £349,000
For more information visit the Help to Buy website here!
Fallen in love with a Stonewood property but haven’t sold yet?
With our Smooth Move service, we can assist with helping you sell your current property so that you don’t miss out on buying a new home with us.
We will liaise with your preferred Estate agent to value, confirm a realistic selling price and time frame and then subsequently market your property. Once a buyer is found for your existing property, a full reservation can be placed on your new Stonewood property and we can proceed through the legal process to exchange of contracts.
Give us a call on 01454 809780 and we will provide you with helpful advice and information about the service and how it could help you.