Should I buy a new home in 2024?
Dreaming of a new home in 2024? You could be able to make a move sooner than you think, thanks to a range of schemes and financial products available on new Charles Church homes.
A new year brings hope and the promise of fresh starts – could this include a new home?
For anyone planning to take their next step in home ownership, whether as a first-time buyer or moving from an existing home, it can be hard to know when is the right time to act.
In recent times, rising property prices, inflated interest rates and a higher cost of living have posed a challenge for those looking to buy a new home. However, Zoopla predicts that house prices will continue to fall 2% over 2024, and that mortgage rates will fall back to 4.5% by the end of the year. With the added expectation that rents will rise 5% in 2024, it seems that the market could be changing in buyers’ favour. Read more here.
Market trends aside, there are a number of offers and incentives available on new Charles Church homes in 2024, from cash contributions to help with your deposit.
So, if it’s your New Year’s resolution to buy your dream home in 2024, here’s how Charles Church can help.
Deposit solutions
One of the hardest parts of buying a home is saving up enough for a deposit, especially if you’re already paying rent each month. Fortunately, at Charles Church we offer several fantastic buying schemes specifically targeting buyers in need of help with their deposit.
If you’ve saved a deposit of 5% but are struggling to reach the 10% expected by most mortgage lenders, Deposit Unlock could be the solution for you. Using the scheme, both first time buyers and existing homeowners can secure selected Charles Church homes with just a 5% deposit, meaning you could buy your new home sooner than you think.
Or, if you have managed to save the 10% but would like to borrow less for your mortgage, why not use Deposit Boost. With this scheme we could boost your 10% deposit up to 15%, putting you in a great position to borrow just 85%.
Discounted homes for Keyworkers and Armed Forces members
We understand that affordability is a key concern for many at the moment, and we want to help you save money on your new home where possible.
If you’re a keyworker or member of the armed forces and are interested in a new Charles Church home, ask about our discount scheme. You could get a £500 discount for every £25,000 you spend on one of our homes, up to a maximum discount of £25,000.
That means that if you were looking at buying a £250,000 home from us, we could offer you a discount of £5,000. Leaving you less to pay on your mortgage, and more to spend on making your home your own.
There are so many other ways to buy a Charles Church home in 2024, too. From additional schemes such as Home Change, Shared Ownership and Early Bird, to plot-specific offers such as free extras and discounts, we have options that can work perfectly for you, and might save you some money along the way.