Braid Park

Post Hill, Tiverton, TIVERTON, DEVON, EX16 4NE

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Braid Park is a development of 2, 3 and 4 bedroom homes, next to Tiverton Golf Club, close to the historic market town of Tiverton. Surrounded by country parks, Tiverton offers the perfect balance between countryside living and convenience.

The M5 and Tiverton Parkway train station are easily accessible, making traveling around Devon and beyond easier than ever. Braid Park is the ideal place for your new home.

  • Easy access to the M5
  • 4 miles to Tiverton Parkway Station
  • Grand Western Canal country park less than 1 mile away
  • Overlooking Tiverton Golf Club
  • Supermarket and shops nearby
  • Walking distance to Blundells school
  • Other Ofsted approved schools nearby
Images include optional upgrades at additional cost

Events and offers

Help to Buy in England is changing

Event Module Help to Buy

From 1 April 2021, the Government’s Help to Buy scheme in England will only be available for first-time buyers.

If you’re a current homeowner and would like to move using the Help to Buy scheme with a 5% deposit, 75% mortgage and 20% equity loan (40% in London), you could still be eligible if you complete on your new home by 31 March 2021.

Terms & Conditions

Terms & Conditions

1.1 This offer is only available on selected new build plots and Developments in England only (excluding London). Under the current scheme, the maximum property value for Help to Buy is £600,000.

1.2 Help to Buy is only available on repayment loans with interest and capital paid every month and on properties which are occupied by the individual or individuals taking out the mortgage.

1.3 Purchasers will be required to raise funding (including a mortgage and a deposit) of not less than 80% of the property purchase price (excluding any mortgage fees). The property will be subject to a first charge in favour of the mortgage company. Purchaser deposit must be a minimum of 5% after the equity loan has been applied. Mortgage lender's criteria may affect any deposit percentage and whether it applies before or after the equity loan is deducted from the purchase price.

1.4 Homes England will provide an equity loan to eligible purchasers of not less than 10% and not more than 20% of the purchase price subject to the terms of the equity loan agreement. Based on the maximum purchase price of £600,000, Homes England will therefore provide an equity loan of up to £120,000.

1.5 The equity loan provided by Homes England will be secured by a second charge on the property behind the first charge referred to in paragraph 1.3.

1.6 The equity loan provided by Homes England will not incur any loan fees for the first 5 years. From the beginning of year 6, loan fees will be payable by the purchaser at an annual gross rate of 1.75% of the loan’s value, rising at the Retail Prices Index (published by the Office for National Statistics) plus 1% per year thereafter. Fees don’t count towards paying back the equity loan.

1.7 The equity loan must be repaid within 25 years of legal completion of the purchase of the property whether the property is sold or not.

1.8 The equity loan will be repayable on the basis of the greater of the price of the property or its market value at the time of future sale or mortgage repayment as opposed to the original purchase price but disregarding additions or improvements made to the property by the purchaser with the consent of Homes England. This means that if the property increases or decreases in value, the purchaser will pay Homes England the same percentage of the new price of the property as the percentage the equity loan was of the original price. This may result in Homes England being paid more or less than the original loan value.

1.9 If, on the sale of the property, the price of the property has fallen and there is insufficient money from the sale to repay the equity loan after the mortgage has been paid the purchaser will lose any deposit paid. Homes England will not however seek to recover the balance of their equity, not otherwise paid out of the proceeds of sale, from the purchaser.

1.10 The purchaser may repay the equity loan to Homes England at any time following legal completion. Repayment whether in full or by instalments will be based on the market value of the property at the time of the repayment(s) and the purchaser will have to arrange and pay for the valuation of the property at that time. The minimum instalment value is 10% of the total of the market value of your home.

1.11 Detailed terms and conditions apply to the equity loan which will be made available to the purchaser via their legal advisors as part of the conveyancing process.

Mortgage

£90,000

(75%)

Deposit

£6,000

(5% of purchase price)

Equity loan

£24,000

(20% provided byHomes England)

Purchase price

£120,000

 

The equity loan provided by Homes England will not incur any loan fees for the first 5 years. From the beginning of year 6, loan fees will be payable by the purchaser at an annual gross rate of 1.75% of the loan’s value, rising at the Retail Prices Index (published by the Office for National Statistics) plus 1% per year thereafter.

Open market value

£150,000

(a 25% uplift in value)

Mortgage repayment

£90,000

(assuming no repayment of capital)

Equity loan

£30,000

(20% of the open market value)

Remainder available to purchaser

£30,000

 

 

 

 

 

David Wilson Homes General Terms & Conditions

Any promoted David Wilson offer is subject to contract and status. Offers are on selected plots only and are subject to availability. The offers advertised cannot be used in conjunction with any other offer on the same plot unless expressly stated otherwise. Prices and details are correct at time of going to press. All images are typical of David Wilson homes and are for illustrative purposes only. Please contact the development in which you are interested for further details.

David Wilson reserve the right to withdraw or alter any of these offers at any time prior to the payment of a reservation fee. Contracts must be exchanged within 28 days of reservation of your property. Failure to do so may result in the loss of all or part of your reservation fee.

The current specific offers being advertised in relation to selected David Wilson developments are also subject to the specific terms and conditions set out above (N.B. these offers may vary from time to time and you should refer to the development in which you are interested to discover which offers are available on specific plots and developments).

David Wilson will not be liable for the refusal of a mortgage based on the borrower’s individual circumstances which leads to the loss of any reservation fee. David Wilson will not be responsible for the failure of any deal due to any defects in your existing property which arise as a result of an inspection or survey, whether a part exchange deal has been agreed or not. These terms and conditions do not affect your statutory rights.

David Wilson Homes is a brand name of BDW Trading Limited (Registered Number 03018173) which is a subsidiary of Barratt Developments Plc (Registered Number: 00604574) both with registered offices at Barratt House, Cartwright Way, Forest Business Park, Bardon Hill, Coalville, Leicester, LE67 1UF.

 

Site and location

Interactive site plan
Site plan
Local area map

About the area

A fantastic location

Dating back to the Stone Age, Tiverton is a peaceful market town in Mid-Devon with beautifully built stone houses. You will always have something to do in Tiverton, with plenty of independent shops and places to eat.

The countryside is on your doorstep, with the Grand Western Canal Country Park a stone's throw away, allowing for a tranquil and relaxing lifestyle.

Essentials on your doorstep

Braid Park is just 3 miles away from Tiverton town centre which has a wide variety of high street retailers and independent boutiques. The town also has a number of cafes, restaurants and supermarkets.

Tiverton Parkway train station is just over 4 miles away, and Junction 27 of the M5 is just over a 10 minute drive. 

Superior design

We believe your dream David Wilson home is a cut above the rest. All of our homes feature generous open-plan spaces and fantastic family areas, full of natural light with plenty of storage for all your belongings.

Reserve early and personalise your home with our Expressions range, choose everything from your kitchen cupboards to your bathroom tiles.

Disclaimers

Please note that all images are for illustrative purposes only. Final elevations of the property purchased may differ from those shown. Images include optional upgrades at additional cost. Please see our Image Disclaimer for further details.

Super fast broadband is available on selected plots only. Broadband speeds may vary, which may be affected by various factors including distance from the exchange, time of day and internal home wiring. Actual installation time will be dependent on the broadband provider.

Square footage is the total internal floor area of the home, measured from the internal face of blockwork, excluding the garage (if applicable) and any area with less than 1.5m clear headroom under sloping ceilings. The area taken by stairs is included in both floors that the flight serves.

Gross annual projected rental yield figures are based on the projected yields of at least two independent valuations supplied. Figures do not represent guaranteed rental return and are based on the property being continually rented.

'5 Star Housebuilder' awarded to Barratt Developments Plc Group brands

Following withdrawal or termination of any offer, we reserve the right to extend, reintroduce or amend any such offer as we see fit at any time.