First time buyers in Motherwell, Lanarkshire, are being given a helping hand onto the property ladder.
A new phase of homes has just been released at Bett Homes' Orchard Park development in Motherwell, Lanarkshire.
It offers a mix of one and two bedroom apartments priced from £70,995. What's more, Bett Homes has introduced a shared equity scheme on selected plots.
The scheme allows buyers to purchase a home for just 85 per cent of the selling price but gives them 100 per cent ownership of their property. There's no interest or rent to pay on the remaining balance for 10 years and the outstanding balance is paid back after the same period or when the home is sold - whichever comes first.
One of the new homes available in the shared equity scheme at Orchard Park is the Clyde. This two bedroom apartment is priced at £88,495 and will cost buyers only £79.53 per week in mortgage repayments.
The Clyde comes complete with modern kitchen appliances, fitted wardrobes to the master bedroom and a choice of Porcelanosa tiles in the bathroom. The apartment is accessed through a secured entry system and also offers private parking.
Estelle Sykes, sales manager at Bett Homes, said: "Orchard Park is in a great location and our new phase of apartments combine quality and style to appeal to more discerning buyers.
"The shared equity scheme available at Orchard Park is a fantastic opportunity for those buyers really struggling with a the affordability of a new home. It is the perfect answer where the problem of saving enough deposit for the home they want or being unable to secure a mortgage is stopping people from buying their first property.
"When it comes to buying a new home making the right choice first time is really important to our customers. We understand everyone's situation is unique so anyone interested in finding the right solution for their individual circumstances only has to come and talk to us and we'll do all we can to help them on the road to owning a new home."
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