Brand new first floor apartment, within walking distance of the City Centre. Superb opportunity to get on the property ladder, made even more affordable with help to buy, purchase with just 5% deposit. No upward chain.
Note: Distances are straight line measurements
19th Feb 2019
Lovell - Weaver Park, M40
Best Value Property: These luxury apartments are situated just minutes from Manchester city centre as well as having stunning riverside views. This development offers investors 6% net rental returns. ADELP10
It's a loan that's linked to the rise and fall in the value of your home. If you take a 20% equity loan for example, the amount you owe will always represent 20% of the property's value.
You won't be charged loan fees on the equity loan for the first five years of owning your home.
After five years you will be required to pay an interest fee of 1.75% of the amount of your Help to Buy shared equity loan at the time you purchased your property, rising each year after that by the increase (if any) in the Retail Prices Index (RPI) plus 1%.
The loan itself is repayable after 25 years or on the sale of the property if earlier.