First-time buyers who know someone willing to help with the deposit on their first home – or those in a position to support someone close to them – will want to find out about the fantastic Family and Friends Advantage scheme at Chestnut Grove, Bryant Homes’ sought-after development in Hucknall, Nottinghamshire.
This incredible investment opportunity offers friends or relatives providing a deposit up to 20% of the price of a selected brand new apartment at Chestnut Grove a guaranteed 5% return on their outlay every year for the next five years.
For example, an £18,799 deposit on an exceptional two-bedroom ‘Linby’ apartment, priced at just £93,995, would guarantee a return of £939 each year and a total of £4,699 over the five-year period – that’s a quarter of the overall investment amount!
Carolyne Watkinson, Regional Sales Manager for Bryant Homes, says: “Many first-time buyers are receiving help in finding the deposit needed to step onto the property ladder, whether from parents, grandparents or others who are close to them.
“Family and Friends Advantage is an innovative scheme which offers these generous people a financial reward, and can work out better than having the money sitting in the bank.
“But because the scheme is only available on a limited selection of homes, we’re urging people to come along to Chestnut Grove now, to make sure they don’t miss out!”
A range of lenders is supporting the new Family and Friends Advantage scheme, and Halifax is offering an exclusive range of fixed and tracker mortgages with a loan to value of 80% for Bryant Homes customers using the incentive. This comes with an added financial benefit of refunding the valuation fee direct to the purchaser.
The Friends and Family Advantage is available with selected ‘Papplewick’ and ‘Linby’ apartments at Chestnut Grove, with prices starting from just £90,995 for one-bedroom designs and £93,995 for two-bedroom designs.
Each of these stylish apartments is characterised by a large combined living/dining room with thoughtfully designed open-plan kitchen, with selected two-bedroom properties boasting en-suite facilities to the master bedroom, making them ideal for friends or siblings stepping onto the property ladder together, or for young families.
Each apartment benefits from allocated parking and enjoys a high standard specification including a stylish fitted kitchen with built-in oven, hob and hood and washer/dryer.
Chestnut Grove lies on the southern edge of Hucknall, close to picturesque open countryside. Hucknall is home to shops catering for everyday needs, while beautiful Bestwood Country Park – 650 acres of wildflower meadows, ancient oak woodland and mill lakes – is just a short distance away. Nottingham, one of the country’s most exciting destinations for shopping, leisure and nightlife, is within easy reach.
See Also: Property News (6711), Bryant Homes (60), Family and Friends Advantage (8), Chestnut Grove (6), Hucknall (5), Nottinghamshire (30)
Date Published: 28 April 2010
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