Taylor Wimpey is offering first time buyers all the help they need to secure their place at Meadow View, it's development in Herne Bay, Kent.
Aspiring homeowners struggling to buy their first home can choose from two fantastic incentives offering them a leg-up onto the property ladder at Taylor Wimpey's stunning Meadow View development in Herne Bay.
The house builder currently has a range of stunning two, three and four bedroom houses for sale in Herne Bay at this delightful location - with selected plots available with either the Government-backed First Buy initiative, or Taylor Wimpey's 5 per cent Gifted Deposit scheme.
Under First Buy, qualifying customers can secure selected new build homes in Herne Bay at Meadow View for just 80 per cent of their full price - that's a 5 per cent deposit and a 75 per cent loan-to-value mortgage, subject to status.
Alternatively, the 5 per cent Gifted Deposit scheme is available on selected houses in Herne Bay, priced from as little as £158,500. That's a gift of at least £7,925 to boost the downpayment on a stylish brand new home - with nothing to pay back.
Jason Stokes, regional sales and marketing director for Taylor Wimpey, says: "Our great value new properties to buy in Herne Bay at Meadow View are proving incredibly popular with first time buyers, which is hardly surprising as they enjoy a beautiful location just a short distance from Kent's wonderful coastline.
"And thanks to First Buy and our incredible 5 per cent Gifted Deposit incentive, available on selected plots, home ownership at Meadow View has become even more affordable.
"I would urge anyone hoping to find their perfect home in Kent to get in touch with us without delay to make sure they don't miss out."
Among the stunning homes available at Meadow View is the delightful two bedroom 'Foxglove' terraced house, priced from just £158,500.
This gorgeous starter home features a spacious living/dining room opening through French doors to the private rear garden, plus a contemporary fitted kitchen and handy guest cloakroom located off the entrance hallway.
Upstairs, the landing leads to two bedrooms and a bathroom, while outside, the property benefits from allocated parking.
Like all new homes at Meadow View, the 'Foxglove' is completed to a high standard specification, including central heating, double glazing and fitted kitchen with integrated oven, hob and hood.
First Buy works through a joint loan of 20 per cent from the Homes and Communities Agency (HCA) and Taylor Wimpey, which means that eligible purchasers only need put down a 5 per cent deposit, subject to status, and obtain a 75 per cent loan-to-value mortgage.
The loan 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.
Herne Bay is a hive of sporting and cultural activity, including an annual arts festival, a cinema, a boating lake, water sports, cricket, golf, hockey, bowls and football, while a roller skating rink can be found on the pier.
Meanwhile, the railway station provides regular services to London Victoria, Ramsgate, Broadstairs, Margate, the fashionable town of Whitstable, Faversham, Gillingham and Rochester, while the historic city of Canterbury and the Channel ports and Eurostar services are all within easy reach by road.
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.