New year, new home: getting on the property ladder in 2018

Posted on 17 Jan 2018 at 05:03 PM

 

Here at Cerris Homes, we like to keep a close eye on the property market so we can see what’s happening and understand how best to help our purchasers find their perfect homes to buy in Staffordshire and Cheshire. 

And so far, 2018 is looking like a great year to purchase, especially for those who have struggled to get on the property ladder up to this point. With lots going on including many new and emerging trends and some significant changes in the law, it might just be the ideal time for you to take that all-important leap.

Here are just a few of the reasons why… 

1. The new stamp duty rules:

You’re probably aware of the government’s recent stamp duty exemption, which has been specifically introduced to help first-time buyers get their foot on the housing ladder. If you’re planning on purchasing a property worth less than £300,000, this is great news for you, as it means you will pay absolutely nothing. Even if your new home is between £300,001 and £499,999, you’ll still qualify for partial relief, significantly reducing your overall expenditure. 

It’s worth noting however that all shared ownership property shared under a £125k threshold is exempt from paying ANY stamp duty.

2. There are lots of exciting new build developments in Staffordshire and Cheshire to look forward to: 

2018 has lots of appealing new developments in the offing which those in Staffordshire and Cheshire can look forward to purchasing. With something to suit everyone, you’ll be able to find your perfect property, and will have the reassurance of knowing that thanks to our modern and quality-driven approach, maintenance will be minimal, keeping ownership costs as low as can be.

Some of our newest sites are located in Uttoxeter – at our Bramshall Road development, and in Crewe, we have stunning developments at Willowbrook Grange and Stonely Park with a range of options for your dream home.

3. Shared ownership is soaring:

Shared ownership is now a recognisable way to purchase property, allowing individuals like yourself to reach a part buy, part rent arrangement that makes buying a new home a far more attainable objective. And, you’ll find it easy to secure a mortgage with over 25 of the big high street names happy to offer funds to purchase this way, including Halifax and Barclays Bank. Many lenders offer shared ownership mortgages with appealing LTV (Loan to Value) rates too, meaning you may only need a 5% deposit!


What are you waiting for? 2018 is the perfect time to buy so get out there and start your search for the perfect property.