Homes snapped up at Horsted Park
by Marco Cillario Wed 14 December 2016, 3:05 pm
All homes marketed off-plan at a scheme in Chatham have been sold, the developer has said.
A spokesperson for Countryside told Medway1 that the first nine properties of the second phase at Horsted Park had been purchased before completion.
This phase includes 202 one and two-bedroom apartments, coach houses and two to four-bedroom houses, along with 63 extra care apartments. A central village green is also being created, with a community events space and cafe, two parks and a circular green walk.
All homes can be purchased through the Help to Buy scheme: designed to help people get onto the property ladder, it means homebuyers are entitled to a loan from the government of up to 20% of the value of any home under £600,000. The loan is interest free for the first five years. This reduces the level of deposit required by the buyer to 5% and the mortgage to up to 75%.
According to the government, in the three years since the launch of the initiative, 150,000 properties have been purchased through Help to Buy – 80% from first time buyers.
Phase one of Horsted Park, which delivered 87 units, started in 2012 and was completed at the beginning of 2016.