Barrowby Chase in Barrowby

First Homes
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Make your first home more affordable with 30-50% off the market price. The Government-backed First Homes scheme could help you buy a brand-new Taylor Wimpey home for less.

We’re here to help you take that exciting first step on your homebuying journey. With a generous discount on selected new homes, owning a place you love could be closer than you think.

First Homes Scheme – Terms and Conditions

Offer available on selected plots only at this development, up to a maximum price of £250,000 (after discount has been applied). Local authorities may set a lower price cap. Subject to contract and status.

• The Government-backed First Homes scheme is subject to status, eligibility and any Local Eligibility Criteria set by the relevant local authority, which may prioritise buyers with a local connection, key workers or Armed Forces members.
• Available on selected plots on selected developments in England only.
• First Homes must be purchased as the buyer’s only home and cannot be used as a buy-to-let or second home.
• Properties are sold at a discounted market value (typically a minimum of 30% below open market value).
• The percentage discount will remain fixed in perpetuity and will apply on all future resales, regardless of improvements made to the property or changes in market value.
• When selling a First Home, the seller will only receive the discounted market value and must sell to a buyer who meets the First Homes eligibility criteria in force at the time of resale.
• Buyers must fund a minimum of 50% of the discounted purchase price with a repayment mortgage (or approved home purchase plan) and provide a minimum deposit of 5% of the discounted purchase price.
• All purchases are subject to local authority approval where required and compliance with the First Homes scheme rules, including restrictions on letting.
• A legal restriction will be registered on the title to ensure the discount and other scheme requirements are passed on to future buyers.
• Any incentives or contributions offered will be agreed prior to reservation, are one-off payments, deducted from the completion statement and have no cash alternative.
• Offer is subject to the purchaser confirming a full reservation on the plot being purchased.
• Reservation and exchange may be required to take place by specific dates, which may vary by plot.
• Offer may be withdrawn or amended at any time prior to payment of the reservation fee.
• Offer cannot be used in conjunction with any other offer.
• Offer is subject to the purchaser’s lender’s criteria and may reduce the equity-to-mortgage ratio.
• Offer may not be accepted by some lenders or may result in a mortgage being declined based on individual circumstances.
• We are not authorised to provide financial advice. Independent mortgage advice should be sought.
• Our usual reservations and sales terms and conditions apply. Please speak to one of our Sales Executives for full details.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

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Are we missing any purchase information? Contact the developer

Please note: Computer generated images are for illustrative purposes only. Images may include optional upgrades at additional cost. Its purpose is to give a feel for the development, not an accurate description of each property. External materials, finishes, landscaping and the position of garages (where provided), may vary throughout the development. Properties may also be built handed (mirror image). Please ask for further details.

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