Why rent when you can afford to buy?

Can you afford not to buy? We have asked our finance partners, Exquisite Private Finance, to offer examples of just how much you can expect your monthly mortgage payment to be using the Help to Buy scheme. The figures below are based on apartments within the popular fourth quarter at The Winerack.

The Winerack Apartments Q4


Apartment 141
One Bedroom 549 sq. ft. with balcony
Purchase price £205,000
Deposit Required £10,250 (From personal sources or Family gift also acceptable)
Monthly Mortgage Payment £506.26pm
Rental valuation £800 (save £294.00 pm by owning)
£0 Stamp Duty (provided completion takes place prior to 1st April 2021)

(Based upon Barclays 1.93% 5yr fixed rate – Subject to qualifying criteria – rates correct as of 29/10/2020 – using Government Help to Buy scheme 20%)


Apartment 131
One Bedroom 607 sq. ft. with two balconies
Purchase price £220,000
Deposit Required £11,000 (From personal sources or Family gift also acceptable)
Monthly Mortgage Payment £543.13pm
Rental valuation £825.00 pm (save £282.00 pm by owning)
£0 Stamp Duty (provided completion takes place prior to 1st April 2021)

(Based upon Barclays 1.93% 5yr fixed rate – Subject to qualifying criteria – rates correct as of 29/10/2020 – using Government Help to Buy scheme 20% )


Apartment 145
One Bedroom 701 sq. ft. with two balconies
Purchase price £260,000
Deposit Required £13,000 (From personal sources or Family gift also acceptable)
Monthly Mortgage Payment £641.43pm
Rental valuation £900.00 pm (save £259.00 pm by owning)
£0 Stamp Duty (provided completion takes place prior to 1st April 2021)

(Based upon Barclays 1.93% 5yr fixed rate, 35yr mortgage term –  Subject to qualifying criteria – rates correct as of 29/10/2020 – using Government Help to Buy scheme 20%)


‘Next-time’ buyers have until Tuesday 15th December 2020 to take advantage of the Help to Buy Equity Loan Scheme which is available on all apartments within the second and fourth quarters at The Winerack. This is to allow enough time for sales to legally complete by 31 March 2021 when the current scheme ends. The new Help to Buy scheme for first-time buyers ONLY starts on 1 April 2021 and ends 31 March 2023.  No stamp duty to pay at anytime under £300,000 for
first time buyers

Reserve before the 15th December and the Government will lend you up to 20% of the cost of your newly built apartment, so you’ll only need a 5% deposit and a 75% mortgage to make up the rest.

Contact us to find out more about Help to Buy and how to reserve your brand new waterfront apartment.
E: sales@thewinerackapartments.com
T: 07889 574 624

Exquisite Private Finance E: info@exquisitepf.co.uk


Monthly payments based upon Barclays Bank PLC’s FQ22 Help to Buy Direct 5 Year Fixed 61 monthly payments at a fixed rate of 1.93%. until 31/01/2026 then Tracker Plus 3.49% mortgage. The APRC applicable to your loan is 3.16%. This would be a mortgage loan for a property purchase. Repayment Method: Capital repayment – Mortgage term total 35yrs.
Subject to qualifying criteria – rates correct as of 05/11/2020 – Figures based upon using Government Help to Buy scheme 20% https://www.helptobuy.gov.uk/equity-loan/equity-loans/  ‘As a mortgage is secured against your home, it could be repossessed if you do not keep up the mortgage repayments’