for outright sale and through the Homebuy scheme
Looking to buy a new Homebuy or Open Market home? You’ve come to the right place.
We work with small and large builders to build stunning new homes, in desirable locations, designed with the customer in mind. You will usually find our homes located in the beautiful local authority area of Monmouthshire, but we have recently expanded our geographical boundary for outright sales to the equally stunning Powys.
homes for Outright Sale
This is our beautiful new housing collection of fourteen, high quality three and four bedroom houses located in the historic village of Llangynidr, with the breathtaking backdrop of the Brecon Beacons. Built in partnership with Edenstone Homes.
Website coming soon.
Coming soon – register your interest NOW
- Govilon village – 2 and 3 bedroom houses for outright sale
- Dingestow village – 2 and 3 bedroom houses for outright sale
About the Homebuy scheme
We are delighted to be able to offer people unable to afford to buy a home outright on the open market, the opportunity to buy a new property through the Welsh Assembly Government’s popular ‘Homebuy’ scheme, also known as ‘shared equity’.
So how does shared equity work?
Shared equity tends to be mainly available on new Capsel developments, so keep an eye on this website to see what we are selling and what is in the pipeline.
Purchasers can obtain a mortgage for as little as 50%, up to a max of 70% of the total value of a property, although it depends on what you can afford. We will then loan you the remaining percentage to buy the property.
Here’s the simple maths …
• House value £150,000
• To purchase a 50% equity share £75,000
• To purchase a 70% equity share £105,000
With shared equity there is no monthly rent to be paid (not to be confused with shared ownership), this means your monthly payments are substantially less than if you bought the property outright.
The property will be 100% in your ownership, you just pay the loan back, based on the value of your property at the time of resale.
Getting on the property ladder continues to be a massive problem in the Monmouthshire CC area, so the shared equity scheme is a really affordable way to take that initial step, which is why it’s so popular.
You will need to pass eligibility and affordability assessments and be able to obtain a mortgage.
Coming soon – register your interest now
- Kings Wood Gate, Monmouth – 2 and 3 bedroom houses (Homebuy)
- Dingestow – 2 and 3 bedroom houses (Homebuy)
I have seen a property I like, so what do I do next?
Firstly you need to register on the Homesearch register here (not the usual way to buy a home we know, but it will only take 5 minutes of your time). Give us a call and we can talk you through the whole process.
If you have any questions about how the scheme works, or are interested in a property, please give Sarah or Hayley a call on 0333 207 9000.
We also advertise our homes on social media, so make sure you follow us on @CapselLtd and @CapselWales !