Your search for the perfect family home could be over...
We all dream of owning the perfect family home, one with enough space for the kids, and all their belongings, but with enough room for the adults to get some much-needed peace and quiet. But large properties, particularly those close to schools and shops, are often priced beyond the reach of most families.
Now, Orkney Builders is offering a unique opportunity for families looking for the perfect brand-new home in Kirkwall, with a number of beautiful four and five-bedroom houses available to buy at Grainbank.
What sets these innovative properties apart from most homes of this size and standard is their price.
The four-bedroom homes are available for a fixed price of only £185,000, but if you qualify for assistance under the Help to Buy (Scotland) Affordable New Build Scheme, that cost could drop by a whopping 15-per-cent, giving you a large family property for just under £157,750.
Orkney Builders’ Grainbank homes are also eligible for purchase under the Open Market Shared Equity Scheme, which helps people who want to buy a property on the open market but are unable to meet the full price. Eligible applicants can receive between 10 and 40-per-cent toward the purchase price of a property that has been advertised on the open market.
That means you could own one of the exclusive five-bedroomed Grainbank homes, normally priced (fixed) at £215,000, for just £129,000!
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Please click on a plot for more information.
The Help to Buy scheme can help you to buy a brand new home with only a 5% deposit. The Scottish Government provides you with up to a 15% equity loan. This allows you to purchase with a mortgage of only 80% of the sale price of the house. See the table below for example pricing details on each of our house types through Help to Buy.
|Type||Bedrooms||Price||15% Help to Buy||You Pay||5% Deposit|
Security over your home is required. Your mortgage lender's deposit requirements will vary, but you should usually expect to contribute a deposit of at least 5% of the purchase price. Available on selected properties, and subject to the government's specific terms, conditions and qualifying criteria. Please consult Orkney Builders (Contractors) Limited's sales advisor for further details. The Government may lend you up to 15% of the property value through an equity loan which can be repaid at any time during the loan term or on the sale of your home. The Help to Buy (Scotland) Affordable New Build Scheme is available for existing home owners as well as first time home buyers.
The Open Market Shared Equity Scheme helps people who want to buy a home on the open market but are unable to meet the full price. The scheme is available to first-time buyers and other priority group applicants. Eligible applicants can receive between 10% and 40% toward the purchase price of a property that has been advertised on the open market.
Below are examples for 4 and 5 bedroom properties where your stake is 60% and the Scottish Government's stake is 40%.
|Type||Bedrooms||Price||Your Stake (60%)||Scottish Government's Stake (40%)|
If you are interested in one of our properties, you can follow the steps below.