Buckinghamshire property seekers can purchase their first home with just a 5 per cent deposit thanks to First Buy at New Berry Vale.
First time buyers have a superb chance to secure a stylish home with mortgage payments comparable with their monthly rent - and an affordable deposit - at Taylor Wimpey's New Berry Vale development in Aylesbury, Buckinghamshire.
The house builder behind the new homes in Aylesbury is hosting a First Buy evening at the New Berry Vale sales centre on November 8, when aspiring homeowners can discover how they could purchase their first Aylesbury property for only 80 per cent of its price.
This amazing money-saving initiative gives first time buyers a unique opportunity to leave renting behind and step on the Buckinghamshire property ladder for less, with monthly mortgage repayments of as little as £419.52.
Selected one and two bedroom Taylor Wimpey apartments are available at New Berry Vale with First Buy, meaning they can be accessed by qualifying purchasers for just 80 per cent of their full price, including a 5 per cent deposit as low as £5,750.
Steve Rolt, regional sales and marketing director for Taylor Wimpey, says: "First Buy is making a real difference for many prospective purchasers who are keen to leave the uncertainties and expenses of renting behind for life in their very own property.
"This exceptional incentive is currently available with just a handful of apartments at New Berry Vale, so anyone interested in securing one of these fabulous homes should contact us immediately."
One bedroom apartments are currently available under First Buy at New Berry Vale for an 80 per cent price of just £92,000 (full price from £115,000), while two bedroom apartments, priced from £135,000, can be purchased through the scheme from only £108,000.
Each fabulous apartment benefits from a spacious lounge/dining room with open plan kitchen, bedrooms, a bathroom and allocated parking outside. Selected plots also feature attractive private balconies to living areas.
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.
New Berry Vale is the opening phase of Aylesbury's stunning new Berryfields community. Bordered by picturesque countryside, yet within easy reach of the town centre, it will comprise exceptional community facilities and employment opportunities alongside more than 3,000 homes. There is also provision for two primary schools at Berryfields and the planned state-of-the-art Aylesbury Academy.
A local centre will include a food store and 10 other smaller shops, while acres of parks and green open spaces, including a riverside park area, will also feature 13 equipped play areas for families to enjoy. A community centre will provide a focal point for the residents of the new homes and a new health centre is also planned.
For commuters, the M40 and the M25 are both within easy reach of the development, local bus routes provide connections to Gatwick, Heathrow and Luton airports, and regular direct train services operate from nearby Aylesbury Vale Parkway railway station to London Marylebone.
First Buy closed to new applications in April 2013. For the latest incentives, click here.
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.