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Station Road
Station Road, Manea, March, PE15 0HE
1 property available
£240,000
We are pleased to offer just five detached two bedroom bungalows which form part of a new development 'Mason Close' just off Station Road in the rural village of Manea.

Station Road, Manea, March, PE15 0HE

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Register your interest in this development today for information about the development as well as updates on the development such as new house releases and any price changes. 

Sold
2 bedroom for sale
Sold
£240,000
Name and Address Style Beds Bathrooms Status Price
Plot 1, Mason Close 2 1 Sold £240,000 Sold
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Help to Buy Equity Loan

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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.

HTB Equity loan house infographic

Help to Buy Equity Loan example

For a property worth £400,000AmountPercentage
Cash deposit£20,0005%
Equity loan£80,00020%
Your mortgage£300,00075%

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%.

For full information about the scheme, please visit helptobuy.gov.uk

Help to buy calculator

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Find out if you're eligible for Help to Buy and see how we can help you. 

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Calculate your potential mortgage repayments

Mortgage calculator

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Use the below to add in your deposit, expected interest rate and repayment period to see what your payments could be.

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Calculate your stamp duty

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Stamp Duty

From 1st July the threshold will be set at £250,000 until 30th September 2021 and then from 1st October 2021, the threshold will revert back to £125,000.

Contact us

Station Road, Manea, March, PE15 0HE

Contact us:

Request information

Register your interest in this development today for information about the development as well as updates on the development such as new house releases and any price changes.