LAURUS LIFE | Finance
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When you are deciding which new home to buy, the traditional path is to go and visit them in person to get a feel for whether you’d like to live there. But the traditional route isn’t always the best way for everyone and that’s where buying off-plan comes in. If you’ve never heard of this option or aren’t sure if it’s right for you, here’s everything you need to know.
Put simply, buying a home off-plan means that you’re purchasing it before it has been completed, or possibly even before construction has started. This might sound a bit scary for such a big purchase, but it’s increasingly common and there’s lots of reasons why it can be your best choice for getting a new home.
Here’s just some of the benefits you can get from buying your new home off-plan:
Buying your new home off-plan clearly comes with advantages if it suits your circumstances, so to get started, you’ll need to find one of our developments and contact our Sales Advisor to find out if off-plan buying is an option there.
Our Sales Advisor will be able to talk you through your options as well as giving you all the information you could need as well as visuals to help you make an informed choice about your potential new home.
Buying off-plan also means you may be able to use the Government’s Help to Buy scheme to purchase the home, where you can borrow up to 20% of the value of your property through an equity loan, meaning you'll only need to secure up to a mortgage for the remaining 75%.
Shared Ownership could be another option, where you would buy between 25% and 75% of the home and pay monthly rent on the rest, which means for a £250,000 home, the deposit to buy could be as low as £6,250. If you act quickly and reserve your off-plan home by the end of September you can also take advantage of our incredible offer to pay your mortgage for 12 months.
Buying off-plan might not seem like the usual way to find your dream home, but as you can see there can be many advantages to going down this route. If you want to find out more about how you can buy your new home off-plan with Laurus, get in touch with our team today.
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