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Buying a brand new home near Telford is more affordable than you may think thanks to a Government-backed scheme.

HomeBuy Direct offers buyers an interest-free equity loan for up to 30% of the purchase price of their new home. The scheme, which offers a lifeline to first time buyers and growing families in need of extra space, is available on selected Crest Nicholson properties at Lightmoor Green.

Partly funded by the Homes and Communities Agency and Crest Nicholson, the equity loan is interest free for the first five years.

Amanda Benjamin, area sales manager for Crest Nicholson, explained: “HomeBuy Direct represents the best opportunity for many buyers to step onto the property ladder.

“If your household income is less than £60,000, you’re a key worker or you can demonstrate that your family needs to move to a larger property but you’re being held back by financial constraints you’re likely to qualify for HomeBuy Direct.”

Buyers who invest in a property through HomeBuy Direct will own their new home immediately but will only have to pay between 70% and 85% of the purchase price initially. After 12 months they can start purchasing the remaining share in instalments.

Lightmoor Green is Crest Nicholson’s flagship contribution to Lightmoor Village, which is being created to the west of Telford. The new Crest Nicholson homes are in a prime position at the hub of the new village, while nearby Telford meets residents’ shopping, work and leisure needs.

Amanda said: “Traditionally the housing market slows in December, but at Lightmoor Green we secured three sales last month, which is testament to the quality of our housing stock. The competitive price of our new homes at Lightmoor Green means they’re ideal starter homes and investors can also help shape the growing new community.”

Homes currently available range from two to four-bedroom properties, with prices starting from as little as £139,950.
 

See Also:   (5994), (21), (62), (15), (22)

Date Published: 11 January 2010

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