News and updates

17 September 2020

Help to Buy now available at Worthing’s iconic Bayside Apartments

Construction work at Bayside Apartments, our iconic new development of 1, 2 and 3-bedroom luxury homes has progressed rapidly over the last few months with the first apartments aiming to be completed by December 2020 and finished by February 2021.

Since launching, we have received a huge amount of interest and as we release the final phase of apartments, we are also announcing the opportunity to participate in the Government’s Help To Buy initiative, allowing people to purchase their new-build home with a minimum 5% deposit up to a value of £600,000. Prices at the development start from £375,000.

The Help to Buy scheme qualifies those who are eligible to buy a newly built home, the Government supplements your deposit by loaning you up to 20% of the purchase price, which gives you a potential deposit totalling 25%. You can then apply for a mortgage of 75%* to make up the full purchase price of the property. (*Individual circumstances apply, dependent on your income and expenditure.)

What is Help To Buy?

Help To Buy is a popular Government backed initiative that helps first-time buyers and those wanting to move up the property ladder.

• You put in a 5% deposit of the purchase price
• Government equity loan of up to 20% which is interest free for the first five years
• You organise a mortgage for 75% of the purchase price 
• Available on new build homes up to £600,000 

Who is eligible?

Most people know that Help to Buy is available for first-time buyers, but existing homeowners can benefit too.

There are a few important conditions:

• The home you buy must be your only residence
• The scheme isn’t available for buy-to-let investors
• The scheme isn't available to those who will own any other property after completion

Max Harbron, from selling agent Michael Jones & Company said: “For prospective buyers who may be down-sizing or upgrading, and where Bayside will be their only home, the Help to Buy Scheme will prove to be extremely beneficial.

There is a choice of over 17 meticulously designed apartments under the £600,000 threshold where the Help to Buy scheme can be used. All apartments feature open living areas and private outside space to enjoy an ‘al fresco’ lifestyle. Plus, the promenade café, private onsite pool, spa & fitness suite, landscaped gardens with direct access to sea and beach. Breath-taking views, luxury living, and government support means they won't be around for long.”

If you would like to discover more about the development and available apartments, or to sit down with a dedicated member of the team to discuss your requirements, please contact selling agents Michael Jones & Company on 01903 228 606 or Symonds and Reading on 01903 235 623 or email bayside@michaeljones.co.uk