Help to Buy Wales now available on further plots at The Cornfields

June 2022

Help to Buy Wales now available on further plots at The Cornfields*

 

Plots 16, 50 and 51 now priced at £250,000

Example:

5% Cash Deposit (£12,500)

20% Shared Equity Loan (£50,000)**

75% Mortgage (£187,500)

Call: 0333 7000 733 or Email: enquiries@millbayhomes.co.uk to find out more and reserve today!

*Available on selected plots subject to status.
**Help to Buy – Wales terms and conditions:
The Help to Buy – Wales scheme has specific terms and conditions and is subject to affordability criteria as defined by the Welsh Government. The Help to Buy – Wales scheme is available on plots in Wales, with a full purchase price up to £250,000, subject to status, terms and conditions apply. Help to Buy – Wales eligible applicants will be offered an equity loan of up to a maximum of 20% of the purchase price (based on the open market value). The registered provider will hold the second charge on the property. Applicants are required to fund at least 80% of the purchase price by means of a conventional mortgage, savings and any deposit where required. Applicants must obtain their conventional mortgage from a qualified lending institution (e.g. a bank or building society). For the first five years there is no fee charged on the equity loan component. At the start of year six a fee is collected of 1.75% of the market value of the property at the time the loan is entered into multiplied by the outstanding percentage under the equity loan, the annual fee of 1.75% will be uplifted by RPI +1% p.a. Visit: gov.wales/help-buy-wales for further information.