ACORNLIFE
BUYING A NEW HOME WITH ACORN PROPERTY GROUP
We all know that buying a property, whether it be your first home or forever home, is a huge commitment and sometimes we all need a bit of help. At Acorn we’re proud to offer two helpful buying schemes that are designed to assist you in buying your first or next home. Buy your first home or your next home with just a 5% deposit through Acorn using the Government’s ‘Help to Buy’ scheme. The scheme is available to first time buyers as well as homeowners looking to move to a newly built property with a price of up to £600,000 in England and £300,000 in Wales. 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. To reflect the current property prices in London, the upper limit for the equity loan for new home-buyers within Greater London has increased from 20% to 40%.
We can help you sell your existing home quickly and efficiently through our partnership with the PX hub and our Assisted Move scheme allowing you to reserve the home of your choice for a fixed period, so you don’t miss out your dream Acorn home. Benefits of Assisted Move: - Contribution towards estate agency fees - An accurate and independent valuation from at least 2 local estate agents - Marketing through multiple estate agents - Negotiation and qualification of all offers to ensure you achieve the best possible price - Your desired Acorn home withdrawn from the market whilst you existing home is sold
EXAMPLE 5% BUYERS DEPOSIT 20% GOVERNMENT LOAN 75% MORTGAGE FROM COMMERCIAL BUYERS DEPOSIT Terms & Conditions Help to Buy: YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER DEBT SECURED ON IT. Credit is secured against your home. Subject to status, Help to Buy Terms & Conditions and available on selected properties only. Eligible applicants will be offered an equity loan 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/deposit where required. The equity loan is provided by the HCA and held as a second charge. This offer is not available in conjunction with any other promotion. Full details will be provided on request. Assisted Move: The PX Hub will only be responsible for the payment of your estate agency fees if you legally complete your new home purchase as agreed with Acorn. If you fail to complete the purchase of a new home from Acorn or if the scheme is withdrawn, and the estate agents instructed by The PX Hub have successfully introduced a buyer for your current home which proceeds to completion, you will be liable to pay the agent’s fees. Please refer to your agreement with your developer. The fee may be capped, or you may be liable to pay The PX Hub fees if you legally complete on your existing home before you exchange contracts for the purchase of your new home. In such cases The PX Hub will submit their fee invoice direct to your solicitors for payment from the proceeds of sale.