SmartNewHomes

Spacious coach house-style homes available for Faversham homebuyers at Davington Park in Kent.

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  • The Coniston home at Davington Park in Faversham, Kent, boasts an open plan dining and living area, complete with a contemporary fitted kitchen.

    It has been designed with a modern lifestyle in mind with a spacious master bedroom and a second bedroom which could be ideal for a home office.

    The apartment, built by Redrow Homes, is priced at just £184,995. However, Help to Buy could cut the initial cost of owning a brand new home by 20 per cent with a deposit of as little as 5 per cent. The outstanding balance is covered by an equity loan from the Government.

    Help to Buy enables those who have saved at least a 5 per cent deposit to take out an equity loan from the Government for up to 20 per cent of the purchase price. This means they only need a 75 per cent mortgage from their chosen lender and should be able to access much more competitive interest rates, which would make their mortgage repayments more affordable.

    Unlike the Government's First Buy scheme, all types of purchasers can apply for an equity loan through Help to Buy, not just first time buyers. It is available exclusively on new homes.

    Kerry Jenkins, head of sales for Redrow in the south east, said: "The Coniston apartment offers the best in modern living for buyers looking for an apartment with that extra special 'wow' factor. Not only does it offer buyers a high-specification home in an ideal location, it is also set against a backdrop of picturesque waterside views that makes Davington Park so unique.

    "The Coniston could be the perfect property for first time buyers thanks to the Government's Help to Buy scheme, which is available on the apartment. We have already found the Help to Buy scheme incredibly popular with Redrow homeowners, who may have not been able to afford a deposit without it."

    Davington Park features properties from Redrow Homes' New Heritage Collection in a choice of designs.

    First Buy closed to new applications in April 2013. For the latest incentives, click here.

    Some information contained herein may have changed since it was first published. SmartNewHomes strongly advises you to seek current legal and/or financial advice from a qualified professional.

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