The Dursley is a double-fronted one-and-a-half storey 3 bed cottage, rich in kerb appeal and no less charming inside.
- Well appointed open-plan kitchen/dining with premium-brand appliances
- Spacious living room with double doors to dining room
- French doors to garden
- Three double bedrooms
- Fitted wardrobes to master and guest bedrooms and optional wardrobes to bedroom 3
- En-suite shower room to master bedroom
- Family bathroom on upper level with fitted vanity furniture, fitted mirror and Porcelanosa tiling
First Home Fund
The Scottish Government has launched its new national pilot scheme, helping first-time buyers with the deposit for a new home. Launched to provide a total of £150 million until March 2021, the new funding will help at least 6,000 people buy their first home, whatever its price.
Here we explain how it works and what’s in it for you.
What is the First Home Fund?
First Home Fund is a new Scottish Government shared equity scheme that aims to help aspiring first-time buyers onto the property ladder by providing up to £25,000 as an equity loan towards the purchase of a new home in Scotland.
What is a Shared Equity Scheme?
Shared equity means the purchasing cost is split between yourself and, in this case, the Scottish Government's First Home Fund. Scottish Government will secure their equity share on the home you are purchasing but you will own the property outright.
What type of home can I buy?
The scheme can fund the purchase of either existing properties or new build properties, including any Stewart Milne home from across Scotland.
The maximum First Home Fund contribution towards a Stewart Milne home is £25,000.
Can anyone use the funding?
The fund can only assist ‘first time buyers’. Confirmation of the buyer’s status must be provided by your solicitor.
What if I’m buying with someone else?
If you are making a joint application to the First Home Fund, only one of you needs to be a first time buyer.
What do you need?
Buyers must contribute a deposit of 5% of the purchase price (subject to lender requirements) and have agreed a mortgage of at least 25% of the property value. You will also have to pay an administration fee of £550 on application after you have reserved your new home but this is refunded if your application is unsuccessful.
Can I use other ‘help to buy’ schemes?
First Home Fund cannot be used with another equity scheme such as Help to Buy (Scotland). You can however still use a Help to Buy ISA or Lifetime ISA.
When do I need to repay this?
When you sell the home although, if you choose, you can repay the loan in full at any time before then at current market value. Meantime, however, there are no monthly repayments to be made on Scottish Government’s share of the loan.
How much do I pay back when I sell the house?
Again, you pay back the equivalent percentage. For example, if the Scottish Government committed 20% of the purchase value, you pay back 20% of the resale price at current market value.
Can I use the home purchased as a buy to let?
The home cannot be used as a let property; it must be your main residence.
Which lenders are offering mortgages for the First Home Fund?
• Barclays
• Glasgow Credit Union
• Leeds Building Society
• Lloyds Banking Group
• Nationwide
• Scottish Building Society
• Scotwest Credit Union
• TSB
The First Home Fund offers a greater flexibility to first time buyers, allowing them to benefit from lower interest rates available on lower ‘loan to value’ mortgages, without a limit on the property value. However, we would still recommend speaking to a New Homes’ Mortgage Specialist as every mortgage lender will have their own requirements.
For more information about the new scheme check out:
https://www.gov.scot/collections/first-home-fund
Legal Information
Available on selected homes only and may not be combined with other available offers.
Assured Sale
You can relax knowing that if your current property hasn’t sold before the completion date on your new home, we’ll buy it at an agreed price.
It takes away the worry of selling your home by providing a safety net, saving you time, worry and the costs of bridging loans.
Legal Information
Assured Sale is available on selected developments and selected plots only. Subject to status and availability, terms and conditions apply. Please ask us for full details.
Open Gallery
STEP INSIDE THE DURSLEY
Downstairs the superb open-plan kitchen/dining room has three access points; the hall, living room and garden. Glazed double doors from the living room lead to the dining room and garden beyond through a set of French doors. The kitchen incorporates a host of integrated appliances, including dishwasher, microwave and fridge/freezer, and a raised breakfast bar, so you can socialise and cook at the same time.
A laundry zone, conveniently located next to the rear door, is plumbed and wired to accommodate all your laundry equipment for optimum functionality, yet set behind attractive bi-fold doors to complement your choice of kitchen units. A WC/cloakroom is handily placed for easy access to the living room, kitchen, dining and garden.
A double bedroom with fitted wardrobe and en-suite shower room – with large walk-in shower, fitted mirror and vanity furniture – is located on the ground floor,
Upstairs two very spacious double bedrooms share the well-appointed family bathroom off the upstairs landing.
Living at Castle Gardens
Neighbourhood Address
Castle Gardens
Lempockwells Road
Pencaitland
EH34 5AF
Opening Hours
Thursday to Monday, 10:30am to 5:30pmImages shown are for illustrative purposes only and are not to be presumed to be entirely accurate, individual properties may differ. Please contact a Sales Consultant for further details of this beautiful home.