Foundry Place is an exclusive collection of just nine executive style detached family homes, located a short stroll from the Potton's historical town centre with many amenities on offer.
Reasons to choose Foundry Place
Foundry Place is an exclusive collection of just nine executive style detached family homes, located a very short stroll to the historical market town centre with all of the amenities on offer.
The properties are built to a high specification and offer a stylish range of fitted kitchens, some of which are available to choose whilst the properties are still being constructed..
The properties also benefit from beautiful fitted bathrooms, again some of which are available to choose whilst the properties are still being constructed.
Family size homes
The properties all offer four double bedrooms with en-suites to the main, designed with an excellent hub of the home in the form of a large open plan kitchen dining family room that opens out onto the gardens.
Good sized plots and generous driveways
All properties occupy good sized plots and have long driveways that lead to detached garages.
A rural feel in a well connected location
Just 5 minutes from the A1 and 30 minutes to London Kings Cross from Biggleswade railway station, Foundry Place offers a rural feel in a quaint market town, but is still well connected.
Development site plan
Calculate your potential mortgage repayments
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Embrace Financial Services usually charges a fee for mortgage advice. The amount of the fee will depend upon your circumstances and will be discussed and agreed with you at the earliest opportunity.
Help to Buy scheme
Help to Buy: Equity Loan (2021-2023)
Help to Buy is a government scheme designed to help first time buyers who have never owned a property before to advance up the property ladder.
Who is eligible?
Help to Buy: Equity Loan (2021-2023) are available to first time buyers. The home you want to buy must be newly built with a price of up to £407,400 for the East of England (see the Help to Buy site for more regional caps)
How does it work?
With a Help to Buy equity loan the Government lends you up to 20% of the cost of your newly built home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest.
You must buy your home from a homebuilder registered for Help to Buy: Equity Loan.
The amount you pay for a home depends on where in England you buy it.
When getting a mortgage you will be able to borrow up to a maximum of 4.5 times your salary.
Help to Buy Equity Loan example
For a property worth £400,000
How do I pay back the Help to Buy equity loan?
You must pay back the loan after 25 years or when you sell your home - whichever comes first.
You will not be charged any interest on the 20% loan for the first five years of owning your home.
However a management fee of £1 a month will be applicable from the date of purchase for the duration of the equity loan.
From year six, a fee of 1.75% is payable on the equity loan, which rises annually by CPI (Consumer Price Index) inflation plus 2%.