The new homes team in Birmingham has an established track record going back over 20 years and have been involved in some of the largest and most significant residential land transactions in the city as well as appointed sales agents on the most prestigious development properties in Birmingham and the region, including Sheffield.
To date the new homes sales team have transacted on approximately 10,000 residential new homes across the Birmingham city and wider Midlands region acting for PLC house builders through to smaller independent developers.
As the residential markets have evolved over recent years so has the Birmingham team, with the introduction of Capital Market specialists and Investment Lettings and Management putting Knight Frank at the forefront of the Private Rental Sector market in the region.
From our Birmingham offices we have the ability and knowledge to service our clients on varying residential property requirements across the Midlands and beyond.
What is the Help to Buy scheme?
Help to buy is a government funded scheme offering a range of options to help you get your foot on the property ladder or move up the property ladder into a second home. It is available to first time buyers and home movers, but restricted to new build homes only.
Available Help to Buy properties
- Assay Lofts
- Moseley Central
- Port Loop
- The Bank
- The Lightwell
How does the Help to Buy scheme work?
With a Help to Buy equity loan*, the Government lends you up to 20% of the cost of your new-build home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest.
Help to Buy is subject to the Homes and Communities Agency’s (HCA) terms and conditions and is available on new build homes up to £600,000 to customers where the property represents their only residence.
Typical example of a 2 bedroom apartment
- Full asking price is £200,000
- Help to Buy price is £160,000 (80% of the price)
- Plus your 5% Deposit £10,000
- 20% Government Equity Loan £40,000*
*The equity loan is interest free for the first five years. After five years, an annual fee of 1.75% of the outstanding equity loan is charged. This is increased annually by RPI plus 1%. The equity loan must be repaid after 25 years, or earlier if you sell your home.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. CHECK THAT THESE MORTGAGES WILL MEET YOUR NEEDS IF YOU WANT TO MOVE OR SELL YOUR HOME OR YOU WANT YOUR FAMILY TO INHERIT IT. IF YOU ARE IN ANY DOUBT, SEEK INDEPENDENT FINANCIAL ADVICE