One of the biggest choices to consider when buying a home is choosing between a new build home or an existing property.
Whilst some may be attracted to the charm of an older property, it comes with a variety of unknowns that can make it more challenging in the long run. Here we share our top reasons why buying a new home with Catalyst could provide the answer to your search for the perfect home.
One of the biggest benefits of buying a new build home is that the chain starts with you. Moving into your dream home isn’t reliant on a different buyer in the process – for instance, the purchase of your home won’t fall through due to sellers being unable to close on their own purchase. Instead, once you’ve found the property that you love, and you’ve spoken with the relevant professionals to meet the necessary financial and legal requirements, you can have the confidence and reassurance that you will soon be calling that property your home.
When you buy a new build property from Catalyst, you can be assured that you are buying a top quality, state-of-the art home. There will be no questionable DIY work from previous owners or unexpected structural issues to contend with. Instead, you know you’re moving into a brand new space, complete with glossy, high specification kitchens and bathrooms, spacious living spaces, and great access to outdoor space.
We don’t follow a one size fits all approach – each development features a bespoke design, fitting the needs and aspirations of the buyers in that area. For instance, in commuter hotspot Burnt Oak in North-West London, NEON features one to three-bedroom apartments, each with large open-plan living spaces, private balconies, and a fantastic communal garden with views over the capital. Meanwhile, in family favourite Princes Risborough in Buckinghamshire, Kite Meadows has two to five bedroom homes available in ten different layouts, each with turfed front and rear gardens and parking included, so every family is sure to find a home that works for them.
At Catalyst, we are dedicated to building communities in neighbourhoods that people will be proud to call home. From upcoming Southall, West London, which offers unmatched affordability in the capital, to delivering Shared Ownership and Help to Buy homes across Oxford, widening access to the property market in this affluent area. You can be confident you’re investing in an area that you’ll love. Our programme spans the capital and the Home Counties, so you’re sure to find a home in a place that suits you.
Many of our new-build homes can be bought through one of two government-backed schemes, Help to Buy or Shared Ownership, which can make it more affordable to buy your first property.
Help to Buy is available on new-build homes valued up to £600,000. It enables you to purchase a home with just a 5% deposit of your home’s full market value, supported by an equity loan of up to 20% of your home’s value, or 40% if you are looking to buy in London, which is interest free for the first five years.
Alternatively, Shared Ownership is a part-buy, part-rent scheme, allowing you to get on to the ladder with a small deposit and mortgage than buying on the open market. Your deposit is just 5-10% of the share price, and your mortgage is only for the share you purchased. You then pay a reduced rent on the remaining, unowned shares.
Click here for the full listings of our latest new-build developments.