Tag Archives: Vistry Eastern

News, Property, South East

More than 600 homes bought with Help to Buy at Vistry Eastern developments

Vistry Eastern has helped more than 600 homebuyers in the region step onto or move up the property ladder with the Help to Buy scheme.

The Chelmsford-based housebuilder has sold 647 new properties through its Bovis Homes and Linden Homes brands with Help to Buy since the Government initiative was launched in 2013.

The scheme, which comes to an end next year, was set up to enable purchasers to secure a new-build home with just a five per cent deposit and a 75 per cent mortgage – the remaining 20 per cent being provided in the form of an equity loan from the Government, which is interest free for the first five years of homeownership.

Vistry Eastern, which is part of Vistry Group, incorporating Bovis Homes, Linden Homes and Vistry Partnerships, builds new homes across Norfolk, Suffolk, Cambridgeshire, Hertfordshire and Essex – many of which are eligible to be purchased with Help to Buy.

Jason Colmer, sales and marketing director at Vistry Eastern, said: “Help to Buy has proved to be an invaluable tool for buyers unable to save up for a typical 10 per cent deposit or secure a large mortgage on a new home. We are proud to be part of a scheme which has put the dream of homeownership within reach of many more people – including the 647 households who have purchased using Help to Buy at one of our developments.”

The initiative was initially open to both first-time buyers and existing homeowners purchasing new-build homes priced up to £600,000 before it was revised in April last year.

The new version, which ends in March 2023, is only available to first-time buyers purchasing properties which fall within the relevant regional price cap – ranging from £186,100 in the North East to £600,000 in London.

Jason said: “Although Help to Buy is no longer available to second-steppers, it still represents a fantastic opportunity for first-time buyers looking to get a foot on the property ladder. Vistry Eastern is building hundreds of new homes throughout Essex, Hertfordshire, Norfolk, Suffolk and Cambridgeshire and many of these properties are below the regional price cap of £407,400 in the East of England and £437,600 in the South East.

“Our developments are situated in locations which meet the needs of a wide range of buyers, from people keen to stay close to their families in the region to those looking for a convenient commute to Cambridge, Chelmsford and London.

“First-time buyers who want to use Help to Buy will need to reserve their new home by December 2022 in order to meet the March 2023 deadline. With this timescale in mind, we would recommend that anyone wishing to benefit from the scheme starts searching now.”

For more information about the new homes being built by Vistry Eastern, visit lindenhomes.co.uk and bovishomes.co.uk.

News

Housebuilder highlights that new-build could save Hertfordshire families hundreds in energy bills

With household bills set to rise, there has never been a better time to buy an energy-efficient new-build home, says an Essex housebuilder.

With experts forecasting that the ongoing gas and electricity supply crisis could see domestic fuel bills increase by hundreds of pounds a year, those looking to move could help reduce that financial hit on the family budget by choosing a new-build home.

The energy savings that can be made by buying new have been known for a while. Research by the National House Building Council and Zero Carbon Hub in 2013 showed that a new-build four-bedroom detached home could save a family £1,400 per year in fuel bills as compared to a Victorian property of the same style – with a new home being up to 57 per cent cheaper to run.

Jason Colmer, sales and marketing director for Vistry Eastern, which is currently building new homes in Saffron Walden and Frinton-on-Sea, said that energy efficiency improvements offered as standard by new-build properties are now a key draw for prospective customers considering a home purchase.

“Our new homes offer double-glazed windows and doors, insulation in the walls, ground floor and loft and are fitted with modern energy-efficient boilers,” he said. “One of our new homes is, on average, 65 per cent more energy efficient and generates more than 60 per cent less carbon dioxide emissions than a similar Victorian property, according to the Home Builders Federation data.
“Research has shown that new-build homes can offer substantial savings, even before the predicted hike in costs due to the current energy supply crisis.

“What people also get with a new home from Vistry Eastern is the peace of mind that comes with a 10-year National House Building Council guarantee and our own two-year customer service guarantee.

“There has never been a better time for buyers to opt for a new-build home. Choosing a new home from Vistry Eastern makes sense on many levels, not least that in doing so a family could save hundreds of pounds every year on their gas or electricity bills.”

Vistry Group was formed in 2020 by bringing together Bovis Homes, Linden Homes and Vistry Partnerships. The Vistry Eastern region is currently building homes across Hertfordshire, Cambridgeshire, Norfolk, Suffolk and Essex.

For more information about new homes being built by Vistry Eastern visit bovishomes.co.uk or lindenhomes.co.uk/eastern.