The Government-backed incentive is making it even easier for first time buyers to secure their place at Taylor Wimpey's Cedar Walk development.

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  • First time buyers have the chance to step onto the property ladder with an affordable deposit thanks to the First Buy scheme at Taylor Wimpey's Cedar Walk development of properties in Leicester.

    The Government-backed incentive offers aspiring homeowners the opportunity to secure selected properties for sale in Leicester for just 8 per cent of their full price, including a 5 per cent deposit, subject to status.

    Stylish one bedroom 'Hallam' apartments in Leicester can be accessed under First Buy at Cedar Walk for an 80 per cent price as low as £79,996 (full price £99,995), with a 5 per cent deposit of just £5,000.

    Carolyne Watkinson, sales manager at Taylor Wimpey in Leicestershire, says: "First Buy can make a huge difference to would-be first time buyers by removing the biggest buying obstacle from their path - the need for a large deposit.

    "Anyone hoping to secure their ideal property in Leicester with just a 5 per cent deposit at Cedar Walk should visit our sales centre as soon as possible to find out how we can help them."

    First Buy works through a joint loan of 20 per cent from the Homes and Communities Agency and Taylor Wimpey, which 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.

    Ideal for individuals, couples and downsizers, one bedroom 'Hallam' apartments at Cedar Walk each feature a light and airy kitchen/living room, a double bedroom, a bathroom and a handy storage closet off the internal entrance hallway. Outside, each property benefits from allocated parking and access to secure cycle storage.
    Alternatively, there's a selection of two bedroom apartments on sale now at the development from only £109,995 and two bedroom starter homes from £134,995, while spacious four and five bedroom homes are priced from £179,995.

    All homes are completed to a high standard specification, including energy efficient central heating, double glazing and a fitted kitchen with an integrated oven, hob and hood.

    Nestled on the edge of Birstall village, Cedar Walk is an exclusive development of 108 new homes at Hallam Fields, just a stone's throw from beautiful countryside and village amenities. As the new community grows, it will benefit from a range of new facilities on the doorstep, including a new school, shops, offices and business units.

    For commuters, the nearby A6 provides a quick link into Leicester city centre and Loughborough, while junction 21a of the M1 is just five miles from home. A new park and ride bus service also operates close to Cedar Walk into the centre of Leicester, where a huge range of high street and independent stores can be found, alongside a wealth of cultural and leisure amenities.

    First Buy closed to new applications in April 2013. Click here for the latest incentives.

    Some information contained herein may have changed since it was first published. SmartNewHomes strongly advises you to seek current legal and/or financial advice from a qualified professional.

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