Have you heard? The Government have recently announced an extension to the Help to Buy: Equity Loan scheme to support new buyers. Read more below!

Move into your perfect L&Q home

With just a 5% deposit through the Help to Buy: Equity Loan scheme

Saxon Reach is a vibrant new community in Milton Keynes. With homes selling fast, we currently have a small collection of 3 & 4 bedroom homes remaining. With homes now available through the Help to Buy: Equity Loan scheme, you can buy one of our brand new homes with a deposit of just £16,000! A number of our homes at Saxon Reach are ready to move into so book your appointment to view our show homes today!

  • Don't miss out - changes to the scheme come into effect from April 1st 2021!
  • Show homes available to view by appointment only
  • Available to use in conjunction with Assisted Move
  • Available to both first time buyers and those buying again with a 5% deposit of only £18,388
  • Great transport links
  • Local amenities are close by – everything you need for daily life
  • Close to local schools
  • Surrounded by open green spaces
  • High quality specification included as standard
  • A selection of homes are ready to move into

What is the Help to Buy: Equity Loan?

The Help to Buy: Equity Loan scheme is available to first-time buyers as well as homeowners looking to move. 

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 won’t be charged loan fees on the 20% loan for the first five years of owning your home.

The scheme is currently available on new build homes valued up to £600,000 – applicable to all private sale homes at Saxon Reach!

Help to Buy Extension

The Government have recently extended the deadline for homes to be finished in order to comply with the Help to Buy scheme end date to ensure customers do not miss out if there has been a delay in the construction of their new home due to the coronavirus pandemic.

Under the current scheme, new homes would needed to have been finished being built by the end of December – the extension will mean the deadline will now move to 28 February 2021, helping thousands of customers to get the keys to their new home. The deadline for the legal completion of the sale will remain the same – 31 March 2021.

Want to take advantage of Help to Buy before it ends but own your own home?

We’ll help you sell your home with Assisted Move. It usually only takes between 6-8 weeks*!

With Assisted Move our sales team help you complete a short form on your current home. We then undertake an impartial and factual valuation of your home in order to achieve its ‘true market value’ via a number of different sales agents who are familiar with the local area.

The best part of Assisted Move is that we manage the progression of the chain, keeping you fully informed at every stage. We also pay your estate agents fee!

How long will the Help to Buy: Equity Loan scheme run for?

The current Help to Buy: Equity Loan format will run until March 31st 2021. A new scheme has been confirmed to run from April 2021 until March 2023, but this will be restricted to first-time buyers only and have regional price caps dependant on where the home you are buying is located.

Take advantage of the current scheme while you can with our fantastic selection of homes at Saxon Reach! We can also help you move hassle-free with our Assisted Move scheme.

What are the regional price caps?

These regional price caps will come into effect from April 1st 2021. Saxon Reach is located in the South East and the regional price cap will be £437,600. This means that if a home is over this value, you will unfortunately be unable to purchase through the Help to Buy Equity Loan scheme.

• North East – £186,100
• North West – £224,400
• Yorkshire and the Humber – £228,100
• East Midlands – £261,900
• West Midlands – £255,600
• East of England – £407,400
• London – £600,000
• South East – £437,600
• South West – £349,000

Source; HM Treasury

Don’t miss out, make sure you take advantage of the current Help to Buy scheme at Saxon Reach while you still can!

Discover available homes at Saxon Reach through Help to Buy