Get more information and updates from Bellway Homes regarding this development via:
Receive updates about other nearby developments from Bellway Homes and sister brand Ashberry Homes, as well as related products and news.
Get more information and updates from Bellway Homes regarding this development via:
Receive updates about other nearby developments from Bellway Homes and sister brand Ashberry Homes, as well as related products and news.
We’ve teamed up with one of the UK’s leading new homes mortgage specialists, New Homes Mortgage Helpline, to help find the right mortgage product for you.
Please note, by ticking the checkbox below you consent to Bellway sharing your data with New Homes Mortgage Helpline (a trading name of The New Homes Group Limited) who will contact you to offer unbiased, reliable and professional advice on mortgages available from a wide variety of lenders. Bellway will receive a commission of £350 when you complete on a mortgage arranged by the New Homes Mortgage Helpline through this portal. This commission does not affect mortgage terms and is not charged to homebuyers.
Offering affordable access to housing on selected developments and plots.
Reduced Market Value is a council-associated scheme where homes are available at a set percentage below open market value, up to 30% lower, to help you get the keys to your kingdom.
It’s also known as ‘Discount Market Value’, ‘Discount Market Sale’, or ‘Section 106 plot’ – different names, same benefits.
Life looks different for everyone, but that doesn’t mean owning a home should feel impossible.
Reduced Market Value offers a helping hand to people who otherwise wouldn’t be considering a new build because of property prices.
You must be eligible for the scheme, of course, and this eligibility (and percentage discount) could look different from council to council. To give you an idea, it typically looks like this:
To find out more about your eligibility and the availability of reduced market value plots near you, contact the sales advisor at your chosen development or speak to your local authority.
The first step is often the most daunting, but that’s not the case here – simply head on down to your chosen development and chat to our friendly sales team. They’ll tell you more about plot availability there, give you the lowdown on eligibility, and point you in the right direction of what you need to do next. Or, speak to your local authority.
Open market value just means the price of a home when bought under ‘normal’ circumstances, with the price not dependent on any schemes or discounts.
A Reduced Market Value plot is a home sold at a set percentage below the open market value, and is only available to an eligible buyer.
Yes, it must be sold at the same price it was purchased using the scheme, other than in occasional circumstances depending on tenure.
Yes, you’ll own 100% of your home.
Yes, you will still require a deposit as normal.
Reduced Market Value homes must be sold with discount applied, and buyers will need to undergo eligibility checks. This, as well as involvement from local authorities, can extend the selling process.
We had a great experience with Bellway and their customer service was excellent.Lauren and Nitesh, Bellway homeowners at Ellingwood
Pay your own mortgage, not someone else’s. Kiss goodbye to renting and buy a new home that’s all yours
Get a low-rate mortgage for your new Bellway home and you could save hundreds each month.
A helping hand into homeownership. Buy a new-build home at 30% discount for first-time buyers.
The legal bits: *'Reduced Market Value' is subject to eligibility, terms, and conditions, and will only be available on selected plots and developments. Please speak to your sales advisor for further information and seek advice from your solicitor.
