New housing development, sought after area

Pixie5740

Silvertabby wrote: »

Do you have HTB ( help to buy ) in Scotland? If so, this could push up interest as first time buyers could use the scheme instead of having to find a big deposit.

I do think that this scheme has pushed up (new build) house prices, though.

Help to Buy Equity Loan is only for new builds in England. However, in Scotland there is the Affordable New Build scheme and Smaller Developer scheme. Rather than a loan the Scottish government hold up to 15% of the equity under a shared equity agreement. Not every builder is signed up to one of the schemes and there is a maximum purchase price of £200k.

Pixie5740

davidmcn wrote: »

Nope, never heard of it since the noughties, when people were paying students to keep their places in the queue.

It happened in Derby recently with Gleeson Homes' Woodthorpe Park development and Taylor Wimpey's Juniper Grove development last year.

hunte78

Just thought I would update. I went along to the site and waited from 8.30. 3rd in queue and a man had been waiting from the day before. We reserved the plot we wanted which is a bonus.

We are a bit apprehensive regarding ground maintenance and the management company. Annual charge is £75 but have been reading some horror stories online which is seriously giving me doubts. Do people still experience ridiculous increases in charges once they move in?

Rosieandjim

Have there been any other developments with the same managing agents nearby that you could visit and ask people how they have found these charges?

billy2shots

£75 annual charge is a very good/low starting point. Obviously that doesn't protect against future increases but it's a great starting point.