Reasons to choose Oaklands Grange
 | In the heart of St Albans The historic St Albans city centre is just 0.6 miles away. Including the beautiful cathedral. | |||
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 | Established community A well-established new community with an abundance of opportunity to meet new people. |
 | Everything you need nearby Take time and relax at the nearby multiplex cinema, parks and leisure centres. | |
 | Shopping at your fingertips St Albans is home to an ecletic mix of shops. Enjoy its café culture, stores, market stalls and supermarkets | |
 | Well connected St Albans Abbey rail station is only 1.2 miles away, perfect for commuters. Plus with local routes leading to the A1, M1 and the M25, the capital is easily in reach. |
Available plots
| Name and Address | Style | Beds | Bathrooms | Status | Price | |
|---|---|---|---|---|---|---|
| 190 The Dovedale - Oaklands Grange, Barnfield Road | House | 2 | 3 | For Sale | £445,000 | Full details |
Customer brochure
Oaklands Grange site map
Help to Buy Scheme
Help to Buy: Equity Loan (2021-2023)
Help to Buy is a government scheme designed to help first time buyers who have never owned a property before to advance up the property ladder.
Who is eligible?
Help to Buy: Equity Loan (2021-2023) are available to first time buyers. The home you want to buy must be newly built with a price of up to £407,400 in East England (see the Help to Buy site for more regional caps)
How does it work?
With a Help to Buy equity loan the Government lends you up to 20% of the cost of your newly built home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest.
You must buy your home from a homebuilder registered for Help to Buy: Equity Loan.
The amount you pay for a home depends on where in England you buy it.
When getting a mortgage you will be able to borrow up to a maximum of 4.5 times your salary.
Help to Buy Equity Loan example
| For a property worth £300,000 | Amount | Percentage |
|---|---|---|
| Cash deposit | £15,000 | 5% |
| Equity loan | £60,000 | 20% |
| Your mortgage | £225,000 | 75% |
How do I pay back the Help to Buy equity loan?
You must pay back the loan after 25 years or when you sell your home - whichever comes first.
You will not be charged any interest on the 20% loan for the first five years of owning your home.
However a management fee of £1 a month will be applicable from the date of purchase for the duration of the equity loan.
From year six, a fee of 1.75% is payable on the equity loan, which rises annually by CPI (Consumer Price Index) inflation plus 2%.
For full information about the scheme, please visit helptobuy.gov.uk
Help to Buy calculator
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