Purchaser Incentive Schemes

 

Please contact our sales representatives to see if the development of your choice offers any of the purchaser incentive schemes described below.

All purchaser incentive schemes are Subject to Status and Terms and Conditions apply - all of which we will happily explain to you.

Glossary of purchaser incentives (for descriptive purposes only).

Help to Buy

Government-backed schemes which help both first time buyers and existing home owners purchase a home for their own occupation with as little as 5% deposit up to a maximum price range of up £600,000. There are two schemes - Help to Buy Equity Loan and Help to Buy Mortgage Guarantee Scheme.   Please ask to see if either of the Help to Buy schemes are available on the development of your choice.

With both of the above schemes do remember "Your home is at risk if you do not keep up repayments on a mortgage or any other loan secured on it".

Legal fees paid

Legal fees are the fees charges by solicitors or conveyancers acting on your behalf in connection with your property transaction.  The charges will typically include fees for their time, telephone and internet charges, letters and an indemnity fee, plus a contingency for unforeseen problems.  On top of that, there will be council and Land Registry fees for searches and for lodging title deeds.  All of these charges can be included in a Legal Fees Paid package if available.

Stamp duty paid

'Stamp Duty' or 'Stamp Duty Land Tax' (it's full name) is a tax charged on land and property transactions in the UK and is charged at different rates according to the value of a transaction.  The purchaser has to pay the SDLT on their purchase, however some developers may offer a Stamp Duty paid incentive and pay it for you.

At various times 'packages' become available on certain schemes and could include a combination of all or some of the following; Legal fees, Valuation fees, Selling agent fees and Stamp Duty.

Part Exchange

There are various versions of the part exchange principle in addition to the simple "You buy theirs and the Developer buys yours".  The obvious advantages of part exchange are that you have a guaranteed buyer and therefore don't have to worry about house buying chains.  You can move in when your house is ready and in addition you can save money on estate agent's fees.

There are variations on this theme which are offered by particular developers e.g. EasyMover or Part Xchange Xtra schemes.  Our sales advisers can explain the criteria which your current home has to meet to qualify and the ins and outs of any of the part exchange packages available.

Movemaker/Assisted Move

This is a separate scheme which, in conjunction with the developer, we instruct an agent who will manage all the valuations, viewings and enquiries for you and the developer will pay the estate agent's fees on your behalf.

Email px@lanesnewhomes.co.uk for information on Part Exchange or Movemaker/Assisted Move schemes.

Free Fittings

Today's discerning buyers expect a lot more than just four walls and a roof.  In most cases, standard specifications on a new property are already very good.  However, there can be additional incentives offered to buyers such as free kitchen appliances and free carpets or flooring - all of which can provide genuine savings in terms of your cash and your time.  We can advise you of any additional fittings, which may be available to you to choose.

 

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