Top 3 Reasons to buy NOW

P R O P E R T Y T A I L O R E D T O Y O U

The Top 3 Reasons to buy NOW

Getting to know...

Why it's never been so good to purchase a property

Orchards of

London

First Time Buyers bring Buoyancy

Vital to a fluid property market

First-time buyers are vital to a fluid property market. Without them, the market stagnates and people cannot move up the housing ladder. The recent housing climate - better lending conditions, Help to Buy initiatives and stabilising house prices - has encouraged more property novices make a move into homeownership.

Innovative & Dynamic

Estate Agency

The Halifax claim that 2014 saw the highest number of first-time buyers get on the housing ladder since 2007. The positive effect is tangible - more people move home and there's a better supply of houses and flats for sale in Acton, Chiswick, Ealing and across West London.

Interest and mortgage rates at record lows

Buy a new home NOW!

New home Fresh start

Most properties for sale in Acton, Chiswick and Ealing are bought using a mortgage. It's almost never been cheaper to borrow money. Record low interest rate at 0.5% + Low mortgage rate = Cheaper monthly repayments. There are some fantastic mortgage products around, even for those with smaller deposits. A note of caution - The Bank of England has indicated the only way for interest rates now is up, so there's every reason to buy a new home NOW!

Help to Buy initiatives grow in numbers

Help to Buy is now available in three forms:-The Government introduced a third Help to Buy scheme in March 2015 - an ISA aimed at first-time buyers. Help to Buy was introduced to aid purchasers with small deposits access better mortgage deals.

the Help to Buy Mortgage

Guarantee

the Help to Buy Equity Loan

the Help to Buy ISA

The Big 3Help to Buy

is here

Choice of three:

See our Orchards of London quick guide to the three Help to Buy schemes

The Mortgage Guarantee scheme

Help to Buy Mortgage Guarantee

The Mortgage Guarantee scheme is open to all home movers, not just first-time buyers. West London estate agents, Orchards of London, comment that the property can be a new build or an older home - and you can be a first, fifth or 15th-time buyer.

Pay a 5% deposit

The Government guarantees the lender to the value of 20%

The overall deposit will be considered as 25%

Gain access to more attractive rates of mortgage interest

The 1st Help to

Buy

The summary includes:

The Equity Loan scheme

Help to Buy Equity Loan

The Equity Loan scheme is reserved for buyers of brand new homes but it is a loan that needs paying back.

Provide a deposit of 5%

The Government loans up to 20% of the purchase price

the lender to the value of 20%

Choose a property from a participating Help to Buy house builder

Gain access to more attractive rates of mortgage interest

The 2ndHelp to

Buy

The summary includes:

Equity Loan restrictions

There are no fees for the first 5 years

Thereafter, fees will be charged as a percentage of the loan's value

You pay back the loan after 25 years or when you sell the home - whichever comes first

The Equity Loan scheme

The Help To Buy ISA scheme

Help to Buy ISA: How it works

The Help to Buy ISA is designed for first-time buyers saving for a deposit, starting in Autumn 2015. Savers paying into a Help to Buy ISA receive a Government top up of 25%.

Open to first-time buyers only

Pay in up to 200 every month

Government contribution is limited to 3,000

Save 12,000 and receive 15,000 back

Your purchase in London must not exceed 450,000

The 3rdHelp to

Buy

The summary includes:

The property you are buying should:

Not be worth more than 600,000

Not be on a shared equity or shared ownership basis

Not bought as a buy-to-let or as a second home

Not be used in conjunction with an interest-only mortgage

Help to Buy: General Restrictions

Your Estate Agents in the heart of West London

If you would like more information on Help to Buy Schemes and how we can help you sell, let, buy or rent property in West London, please dont hesitate to contact our friendly estate and letting agents at Orchards of London.

Orchards of London Ealing

7 Station Parade, Ealing CommonLondon W5 3LD

T: 020 8992 4242

Orchards of London Acton

82 High Street, Acton

London W3 6QXT: 020 8997 0076

Orchards of London Chiswick

171 Chiswick High Road,

ChiswickLondon W4 2DR

T: 020 8995 9797

Orchards of London Shepherds Bush

3-5 Uxbridge Road, Shepherd's BushLondon W12 8LJ

T: 020 7042 1900