Helping hand to get on the property ladder
Comments |
The average age of a first-time buyer in the country is now 35
with about half of all 25 to 34-year-olds saying they need a lump
sum or better paid job to fund the deposit on a home of their
own.
With this kind of statistic, it's not surprising that younger
buyers are looking for new ways to buy their own homes rather than
wasting money renting.
First Buy is a way of getting on the ladder if you're almost
ready to buy - designed for first time buyers who can afford to pay
a mortgage but can't afford to pay a large deposit at the outset,
it is an equity loan provided by the government and the developer,
interest-free for the first five years.
Sara Stanhope, of Jones Homes, said: "The first-time buyer
purchases 100% of the new home but only pays 80% of the value at
the outset.
"The first-time buyers pays a 5% deposit and secures a mortgage
for 75% of the new property's value, the remaining 20% of the
home's value is covered by the equity loan which is interest-free
for the first five years."
The scheme is available at Henwood Place - a collection of
20 four-bedroom semi-detached, link-detached and detached homes in
a private residential road, just off Gordon Close in the
Willesborough area of Ashford.
The homes are designed, built and finished to a very high
standard - and offer plenty of space.
Prices start from £275,000 for a four-bedroom link-detached home
which has a kitchen/family room, dining room, lounge, two bathrooms
and a garage.
For further information on FirstBuy or at Henwood Place call the
sales team on 01233 629858 or go to www.jones-homes.co.uk
Friday, October 28 2011
The KM Group does not moderate comments.
Please click here for our house rules.