Stamp Duty Relief:

The governments Stamp Duty Relief is coming to an end and we understand that this could cause people some concerns over the affordability of their new home! Here at Future Homes, we understand, and we want to help where we can. There is some speculation about whether this is going to be extended beyond the 31st of March 2021, but we are prepared to do this for them! If you purchase a property at Vincent Place and the Government do not extend the Stamp Duty Relief, we will pay your Stamp Duty! We will only pay stamp duty at the rate of a first-time buyer or home mover, not the rates for second/holiday or investment properties. We also reserve the right to withdraw this offer if it is evident that the sale is being progressed slowly by the applicant.

VINCENT PLACE OFFERS THE BEST OF BOTH WORLDS

With an award-winning beach just five minutes from your front door, it is rare to find a great range of city centre amenities just five minutes in the opposite direction, which is why the appeal of Vincent Place for your next house move has much to commend it. Set close to Ramsgate’s stunning white cliffs and Royal Harbour, Future Homes is delighted to bring to market this high-quality executive development on the ever-popular Royal Road. Vincent Place comprises 14 carefully designed homes where attention to detail and a high standard of fixtures and fittings combine to set them apart from many others on the market. With a focus on contemporary design throughout, homes here benefit from an abundance of natural light, a neutral colour palette, chrome finishes and tiled flooring.


Designed with modern, well-planned open plan living in mind, you’ll be delighted by our quality kitchens with handle-less gloss, soft close doors and drawer fronts and featuring composite work tops and a stainless-steel sink with monobloc mixer tap. As it is arguably the most frequently used area in the house, kitchens come with USB sockets and feature under cabinet lighting and a range of high end appliances, which include electric fan oven, induction hob and cooker hood, together with an integrated fridge/freezer, washing machine and dishwasher. Our Vincent Place town houses also come with two bathrooms - a main bathroom and an en suite, which have been carefully designed with stylish sanitaryware set off by contemporary tiling.

A new home at Vincent Place is the perfect choice for a wide range of buyers: It could be your ideal out of town bolt hole or holiday let, a superb first home for young professionals or alternatively, if you are looking to retire or downsize, where better than in a well-planned, modern home five minutes from the seafront?

Here, an abundance of planting, which includes holly, lavender, viburnum and buddleia to guarantee colour all year round, is set off by wildflower turf, block paving and planters - a great place for young children to play safely. With the same attention to detail and styling as our town houses, Vincent Place apartments feature a similar range of high-quality kitchen units/ integrated appliances and bathrooms with a hand basin, WC, bath and separate shower cubicle.

Finding a superb location when buying a home has got to be one of the most decisive factors when it comes to calculating its future value, which is why a location like Royal Road is a highly attractive proposition.

For those considering a move to Ramsgate from outside the area, a new high-speed rail service to London St Pancras started in 2009, running on High Speed 1, the UK’s first high-speed rail line between London and Kent. With journey times now just over an hour in length, outside the area, the UK’s first high-speed rail line (HS1) between London and Kent will deliver you quickly to London St Pancras. There are also several trains hourly to Margate, Broadstairs and Sandwich. Travelling locally by car, it will take you around 40 minutes to get to Canterbury by road or 45 minutes to Folkestone and Ashford via the A/M2. The 78-mile journey to London will take around 90 minutes. For those with a sense of adventure, you can even take a train from Ramsgate to Paris for the day with Eurostar and South Eastern trains.

No matter your stage in life, Vincent Place has something for everyone: those who are just starting out on the property ladder,* second time buyers, young families, downsizers or city dwellers, keen to grab a coastal bolthole to get away from it all. At Vincent Place you’ll discover that you are never far away from good shopping facilities with many national retail brands including Waitrose to be found on the town’s high street together with independent butchers and bakers. For those with children looking to put down roots here, there is a reassuringly high standard of education provision too with a selective grammar school system and St Lawrence College, which is a leading co-educational boarding school located in the centre of Ramsgate. Taken all together, it’s a super location to invest in a new home – or holiday home! 


KITCHENS

Handleless gloss kitchen doors & drawers with soft close Built-in-oven, hob and hood Integrated fridge freezer, dishwasher and washing machine Under cabinet lighting Composite worktops with 100mm upstand Stainless steel sink & tap Electric stainless steel single fan oven Induction Hob Light-grey floor tiling

BATHROOMS

Wash basin & semi pedestal with basin tap Bath and panels with shower filling tap En-suite or separate shower tray with glass screen/door Full light-grey wall tiling around bath, shower enclosure & splashback to basin Dark-grey floor tiling Chrome finished heated towel rail WC Pack & Seat

INTERNAL FINISHES AND ELECTRICS

Smooth finish internal doors and door stops Contemporary white primed, single grooved skirting and architrave White primed bullnosed moisture resistant window boards Chrome rose door handles Neutral carpet Brushed chrome sockets with USB and switch plates throughout Telephone points in media plate by TV, master bedroom TV outlets in living room and master bedroom Low voltage LEDs in kitchen, bathroom and en-suites Lighting pendants to all other locations Matt white emulsion on walls and ceilings White acrylic satinwood for internal joinery

EXTERNAL FEATURES AND SECURITY

Composite front door UPVC white, half glazed rear door Grey aluminium rear door Face bricks in yellow multi stock Horizontal grey cladding Spanish slate roof tile Grey aluminium UPVC windows Black UPVC half round gutters and round downpipes Grey sandstone paving slab Charcoal block paving to road Bracken block paving to footpaths Mains powered smoke detectors Battery powered carbon monoxide detector located adjacent to boiler Fused spur installed for future connection of burglar alarm by purchaser

HEATING SYSTEMS, ENERGY EFFICIENCY AND WARRANTY

Gas central heating with seven-day programmer Compact range wet system radiators Airflow extract fans

EXTRAS OR UPGRADES AVAILABLE TO PURCHASE

Extras will be available upon request provided this is before the cut-off date eg basic colour changes to kitchens, tiles and floor covering will be available

Pricing & Availabilty

Status Price / Plot Accommodation

Site Plan

Map View
Street View
What's Nearby
Local Info
None
All
Dentist
Doctor
Hospital
Train
Bus
Cemetery
Cinema
Gym
Bar
Restaurant
Supermarket

Help to Buy is available on select properties within this development. Please ask for details.

Help To Buy


Help to Buy is a government scheme which can help you to buy a property with just a 5% deposit with a Help to Buy: Equity Loan, subject to eligibility, terms and conditions 


The Government has announced a new Help to Buy scheme to run from April 2021. It is restricted to first-time buyers and will include regional price caps to ensure the scheme reaches people who need it most. There are no changes to the current Help to Buy equity loan scheme which runs to March 2021.

The new scheme will run from April 2021 to March 2023. As with the current scheme, under the new plans, the Government will lend buyers up to 20% of the cost of a newly built home, and up to 40% in London.


Read more about this on https://www.helptobuy.gov.uk/

Help to Buy is a government scheme which can help first time home buyers get a property with just a 5% deposit. Use this guide to learn how Help to Buy schemes work, how to qualify and the different options available.


How does Help to Buy work?

Help to Buy: Equity loans

Where to go for more information


How does Help to Buy work?

Coronavirus

The coronavirus outbreak has affected the completion dates for Help to Buy homes. You can find out more on Gov.uk.


The Help to Buy scheme offers an equity loan where the government lends first-time buyers and existing homeowners money to buy a newly-built home.

The purchase price must be no more than £600,000. Under this scheme, you can borrow 20% of the purchase price interest-free for the first five years as long as you have at least a 5% deposit. If you live in London, you can borrow up to 40% of the purchase price.

Use our Mortgage Calculator, to work out how much you’d pay back each month.

The Government has confirmed it will extend its Help to Buy equity loan scheme from 2021 to 2023. However, this extension will be restricted to first-time buyers purchasing newly built homes.

From 2021, there will also be new regional price caps which could reduce the maximum value of homes that can be bought through the Equity Loan Scheme.



Who can’t apply for the scheme?

- You can’t use the above schemes to buy a second home or a property to rent out.

- If you use Help to Buy, you can only take out a repayment mortgage.

- You can’t buy a property for more than the set price limits (see below).

The Help to Buy scheme is available in England only. 


Help to Buy: Equity loans

How they work

You need at least 5% of the sale price of your new-build flat or house as a deposit 

The government lends you up to 20%, or 40% if you live in London, of the sale price.

You borrow the rest (up to 75%, or 55% if you live in London) from a mortgage lender, on a repayment basis.

The equity loan must be repaid after 25 years, or earlier if you sell your home.

You must repay the same percentage of the proceeds of the sale as the initial equity loan (i.e. if you received an equity loan for 20% of the purchase price of your home, you must repay 20% of the proceeds of the future sale).

Example

Cost of home - £200,000

Cost name Percentage of total £ value

Your deposit 5% £10,000

Equity loan 20% £40,000

Mortgage 75% £150,000

TOTAL £200,000

The interest rate you will be charged

You don’t pay any interest or fees on the government’s equity loan for the first five years. In the sixth year, you’ll be charged 1.75%.

After then, the fee rises by inflation based on the Retail Prices Index (RPI) plus 1% each year.

RPI figures are put together by the Office for National Statistics.

See below for an example of how the fees work.

Interest rates for paying back your loan

Years 1-5: no fees

Year 6: 1.75% of the loan

Year 7 onwards: 1.75% + RPI + 1%

These fees do not go towards paying off the government loan.

When you sell your home, or the mortgage is paid off, you have to repay the equity loan plus a share of any increase in the value. It works like this:




Example

Home bought for £200,000, sold for £250,000

Increase in value 25%

Equity loan repayment £50,000 (£40,000 + 25% profit)

Mortgage £150,000 (less capital repayments)

Your share at least £50,000

The remaining £50,000 (or more) can be used as a deposit on your next home.

The exact amount depends on how much you’ve paid off your mortgage.

You can also pay back part or all of your loan at any time.

The minimum percentage you can pay back is 10% of the market value of your home.

The amount you pay will depend on the market value at the time.


Where to go for more information

Please click here to visit the government find a help to buy agent

Speak to our Financial Adviser for further assistance.


Help to Buy is available subject to eligibility, terms and conditions.


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