Extra homes have been made available with a low-cost Government backed purchase scheme at a vibrant development just one mile from Manchester city centre.
Lovell's popular venture The Way, in Beswick has already enjoyed success with homebuyers keen to get on the property ladder with FirstBuy. The sell-out achievement of the nearby Fairfields development is also proof of Lovell's popularity in the area.
With the aim to build on that demand, additional homes are on offer with the benefit of FirstBuy, a scheme designed to get first time buyers out of the rental market and into a home of their own.
Michelle Shaw, field sales manager for Lovell, said: "First time buyers receive a loan of 20% of the purchase price, jointly funded by Lovell and the Government, which means they only require up to a 5% deposit. Although they will still own 100% of their home from day one, they only need to apply for a mortgage of between 75% and 80% of the price.
"With a smaller mortgage comes the potential for a lower interest rate and all the savings that brings. It has been a very popular way of getting out of rented accommodation and into a home of your own."
FirstBuy is available to first time buyers or people wanting to return to home ownership, provided their household earnings are less that £60,000 a year.
Stylish three-bedroom houses are available from £149,995 or an initial outlay of just £119,996 with FirstBuy. All homes offer secure parking and many have gardens.
The Way is perfect for busy professionals who want to have easy access to the city centre in a contemporary home where running costs are kept to a minimum.
For more information about Lovell and its help for first time buyers visit the sales office between 10am and 5pm.
See Also: Property News (0), Lovell Partnerships (0), The Way (0), Beswick (0)
Date Published: 08 August 2012