First-time buyers can find out about an exciting way to access new homes for sale in Northamptonshire for just 80% of their purchase price at a special Taylor Wimpy event.
The leading housebuilder is holding its FirstBuy Saturday event at selected developments across the area on Saturday 12th November, when experts will be on hand to explain how the Government-backed FirstBuy scheme can help first-time buyers secure houses and apartments in Northamptonshire.
Under FirstBuy, qualifying purchasers can access eligible new build homes in Northamptonshire for 80% of the full price, including a 75% mortgage and a 5% deposit, subject to status.
The spacious Plot 84 two-bedroom 'Montrose' coach house-style apartment at South Wood in the village of Little Stanion, for example, can be accessed by qualifying purchasers for 80% of its £104,995 purchase price under the FirstBuy scheme - that's just £83,996 - including a deposit of only £5,250.
Janet Robinson, Regional Sales Manager for Taylor Wimpey, says: "FirstBuy offers first-time buyers a unique opportunity to leave renting behind and purchase their own property in Northamptonshire - and we're giving home-hunters the chance to get the lowdown on how this incredible scheme could help them into home-ownership.
"We have already experienced considerable interest in this fantastic initiative and there are a strictly limited number of properties for sale in Leicester available with the scheme, so I would stress to anyone interested in grabbing this great opportunity to visit our South Wood, Brooklands Meadow or Paddock Fields developments during FirstBuy Saturday on 12th November to find out more."
FirstBuy works through a joint loan of 20% from the Homes and Communities Agency (HCA) and Taylor Wimpey, which means that eligible purchasers only need put down a 5% deposit and obtain a 75% loan-to-value mortgage.
The loan is repayable at the end of the 25-year mortgage term or when the property is sold. To be eligible, purchasers must be first-time buyers and their total household earnings should be less than £60,000.
See Also: Property News (0), Taylor Wimpey (0), South Wood (0), Little Stanion (0), Northamptonshire (0)
Date Published: 03 November 2011
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