Ways to buy
We know owning your own home is one of the most exciting milestones in life which is why we have a range of ways to help you get on the property ladder.
If you are buying a home outright you will need to arrange a mortgage and have a deposit which can be as little as 5%. We ask for a £100 reservation fee which will be deducted from the sale price of your home and secures your chosen plot. If your home is already built we estimate it will take 10 – 12 weeks from reservation to moving in but we will keep you updated on a weekly basis on how the sale is progressing.
If your home is still under construction we will provide weekly updates and give you an estimated moving in date.
Rent-to-buy is a great option for aspiring homeowners that are not quite ready to purchase. Our rent-to-buy offer at York Hill gives you the opportunity to rent a property at a 20% discount* meaning you are able to save towards a deposit to buy your home at the end of the three year rental period. To be eligible for rent-to-buy you must meet the following criteria.
Rent to Buy Criteria
- Aged over 18 years old and have a bank, post office or building society account
- Be a first time buyer or returning to the market following a relationship breakdown
- Be working at the time of letting (at least one applicant where there is a joint tenancy)
- Have insufficient funds/deposit to purchase a home on the open market
- Able to afford the rent to buy property without hardship or access to housing benefit
- Have no outstanding credit issues (i.e. unsatisfied defaults or county court judgements)
- Have the ‘right to rent’ according to government standard guidelines
Applications for rent to buy are now closed.
Rent to buy FAQ's
The cost of buying a home
Remember as well as the cost of your new home you will also have other expenses as part of your move. We’ve created this guide to help you budget.
Legal fees – You will need to appoint a solicitor to handle the legal part of your purchase. All solicitors charge slightly different fees so we recommend you shop around for the best deal but you should budget to pay between £350 and £500.
Valuation fee – If you are arranging a mortgage to buy your new home your mortgage company will want to carry out a valuation to make sure you are paying the right price. Basic valuations are sometimes included for free but if you have pay for your this, you should budget between £150 and £1000.
Surveyors fee – Before you buy your property you may want to get it checked by a surveyor. Basic surveys range from £250 up to £600 for full structural surveys. However it’s optional whether you want to have one carried out and remember you will receive a 12 month customer care guarantee as well as warranties for other part of your home. For full details on what warranties you will receive click here.
Removal costs – If you have large items that you want to move into your new home you should expect to pay between £50 and £100 per hour for a professional removal company.
Stamp Duty – All of the properties on York Hill fall under the stamp duty threshold meaning no stamp duty is payable.
Phone and internet connection: Once you have moved in you may want to set up a phone line and broadband and may be charged a connection fee which can cost up to £130 although sometimes it is free.
For more information about moving costs visit The Money Advice Service.