SmartNewHomes

The house builder is offering the Government-backed scheme to help buyers secure a new home for 80 per cent of the full price at it's development in Birstall.

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  • The First Buy initiative allows purchasers to own 100 per cent of their new home at Cedar Walk in Birstall, Leicestershire, with only a 75 per cent mortgage and a 5 per cent deposit.

    Prices start at £99,995 for the range of one and two bedroom apartments and two, three and four bedroom houses. Individuals, couples and families can secure their first home with a £5,000 deposit at the development.

    Carolyne Watkinson, regional sales manager at Taylor Wimpey, says: "First Buy gives first time buyers an easy and affordable opportunity to leave renting behind and step on the Birstall property ladder in style."

    Under First Buy, Taylor Wimpey and the Homes and Communities Agency boost the purchaser's down-payment with a joint loan of 20 per cent, which is repayable at the end of the 25 year mortgage term or when the property is sold. To be eligible, customers must be first time buyers with a household income below £60,000.

    Two bedroom apartments are priced from £109,995, two bedroom starter homes from only £132,995, three bedroom houses from £182,995 and four bedroom properties from £187,995, with selected plots available under First Buy.

    All new homes at the development are completed to a high standard specification and a fitted kitchen.

    Nestled on the edge of Birstall village, Cedar Walk comprises 108 new homes at Hallam Fields, just a stone's throw from countryside and village amenities.

    The nearby A6 provides a quick link into Leicester city centre and Loughborough, while junction 21a of the M1 is five miles from home. A new park and ride bus service also operates close to Cedar Walk, providing a speedy commute into the centre of Leicester. 

    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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