Terms and conditions apply to Express Move scheme, available on new reservations only made before 18.09.16. Deal is specific to some plots only, not available in conjunction with any other offer. Please speak to your sales adviser for individual plot specific deals as each deal varies. No cash alternative.
Help to Buy
What are the benefits?
Help to Buy is made up of two schemes – an ‘equity loan’ where the Government will loan you up to 20% of the value of your new build home and a ‘mortgage guarantee’ where lenders will be incentivised to make more mortgages available for people with small deposits. The Government wants to help more people across the country make the aspiration of home ownership a reality. Help to Buy is aimed at increasing
the supply of low-deposit mortgages as well as new housing and will run for 3 years. If you have a 5% deposit and want to buy a new build home, you’ll be able to access the Help to Buy scheme. If you want to buy a property which is either new build or an existing property,
How will Help to Buy work for you?
Help to Buy prices based on 80% of full purchase price. Eligible applicants will be offered an equity loan of up to a maximum of 20% of the purchase price (based on the open market value). Applicants are required to fund at least 80% of the purchase price by means of a conventional mortgage, savings and any deposit where required. For the first five years there is no fee charged on the equity loan component. At the start of year six a fee is collected of 1.75% of the market value of the property at the time the loan is entered into multiplied by the outstanding percentage under the equity loan, the annual fee of 1.75% will be multiplied by RPI+1% p.a. The equity loan is provided by the HCA and held as a joint second charge. Terms and conditions apply and full details will be provided on request. This offer is only available on selected developments and properties in England up to £600,000. It is not offered with any other promotion. Applicants will need to use a Mortgage Broker from the panel, who will act solely for the applicant.
Help to Buy (Scotland)
Eligible applicants will be offered an equity loan of up to a maximum of 20% of the purchase price (based on the open market value). Applicants are required to fund at least 80% of the purchase price by means of a conventional mortgage, savings and any deposit where required. The Scottish Government will take an equity stake of up to 20% of the value of the property, which can be repaid at any time or on the sale of your home. Terms and conditions apply and full details will be provided on request. This offer is only available on selected developments and properties in Scotland up to £230,000. It is not offered with any other promotion. Applicants will need to use a Mortgage Broker from Avant Homes’ panel, who will act solely for the applicant.
Our part exchange scheme is highly popular and has taken the stress out of the home buying process for many of our customers over the years. Available on selected developments and on particular plots, the sales advisor based on each development will be able to highlight which plots qualify for the scheme.
For part exchange consideration, your current home must meet the following criteria:
The value should be no more than 70% of the value of the new Avant home.
If your property is ex-local authority, there must be evidence of resales in the area.
It must be located within a reasonable distance of one of our existing developments around the Group.
It must be in good order, requires no major maintenance or repair and is mortgageable.
All necessary planning and building consents for alterations or extensions must be available for inspection, including any required for the installation of replacement windows, even if the work was carried out by a previous owner.
If you reserve a plot that has a part exchange option and you decide to take advantage of part exchange, your sales advisor will ask you for information on your present home. This information will be passed to the Part Exchange Coordinator who will instruct independent valuations. These valuations are based on achieving a sale within 90 days. Our Part Exchange Coordinator will also contact you to introduce themselves and to advise you on the next steps of the process. Once the valuation reports are received from the estate agents we will look to make you an offer to purchase your home. Typically our offer is based on an average valuation price.
The offer will be be subject to the Coordinator visiting your property. We do reserve the right not to make an offer for any property put forward under the Part Exchange scheme.
Once an offer is accepted we will place your property on the market immediately. You will need to instruct your solicitor to deal with the legal documentation regarding your sale and purchase. At this point our Part Exchange Coordinator will arrange for a full mortgage survey to be undertaken against your existing home. In addition you will also need to arrange for the necessary finance, such as a mortgage, for the purchase of your new home. During the marketing of your existing property our appointed selling agent will contact our Part Exchange Co ordinator to arrange viewing times for prospective buyers to view your home. We will endeavour to make these viewings as convenient to you as possible.
Once your finance is in place and contracts/missives exchanged you are simply waiting for your new home to be handed over to you. Once ready, we will then hand over the keys to your new home and you hand over the keys to your old home to us! It’s that simple.
Our part exchange offer is available against selected plots on selected developments. To find out more details how part exchange could work for you, please contact the sales advisor at any of our developments.
Offer available on selected developments and plots. We reserve the right to withdraw offers and incentives without prior notice. For further details, please ask the sales advisor on site.
Offer available on selected developments and plots only. We reserve the right to withdraw offers and incentives without prior notice. For further details, please ask the sales advisor on site.
Offer available on selected homes on selected developments only. Not available in conjunction with any other offer.