Derby is conveniently located for travelling the rest of England, making it a popular choice with commuters. Developers are taking advantage of its excellent location by offering potential buyers fantastic deals to ensure they can get their hands on their perfect home in the area.
Deposit paid
Courtesy of Smart New Homes, those looking for a property in Derby can have their deposit matched, meaning they pay less when securing their home. For example, a five per cent deposit would be matched with an additional five per cent. However, in some instances this will be increased even further, meaning people have even more money to secure their ideal home. Nevertheless, in either situation, the interest-free loan will last up to ten years, which means there is no pressure to repay as soon as possible. If that was not enough, Smart New Homes might even be able to assist with the payment of legal fees and stamp duty.
At present, this offer is available on George Wimpey's Q development on Alfreton Road, which offers a range of two-bedroom apartments. It is within walking distance of Derby's city centre, with the tranquil Darley Park also not far away. Property prices range between £89,995 and £109,995, which are made even more affordable through Smart New Homes' deposit paid scheme.
Homebuy Direct
Backed by the government, the Homebuy Direct scheme is another means of getting that perfect home in Derby. Applicants are subject to certain criteria, although those who do qualify can pay as little as 70 per cent for their new property. The remaining 30 per cent is then repaid after a 25-year period has elapsed or the home is transferred to another owner. In either situation, Homebuy Direct is aimed at giving people the chance to get on the property ladder with their own new-build home.
City Point, a Morris development, is currently offering the scheme in Derby, meaning people can move to the city with less hassle. It has a variety of properties, including townhouses and detached homes, which range from £175,995 and £204,995. They have either three or four bedrooms, so there is plenty of space for all the family to move in.
Slightly further out of town is Cavendish Wharf, which has two and three-bedroom apartments, semi-detached homes and townhouses ready for people to move into. Set in the village of Shardlow, it benefits from a relaxed atmosphere, while not being too far away from either Derby or Nottingham. It also offers the Homebuy Direct scheme, so homeowners need to move fast to grab a bargain.
See Also: Property News (6705)
Date Published: 20 April 2009
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