SmartNewHomes

Like many first time buyers, Nikki Leeson didn't find it easy making the step from living in rented accommodation to investing in a home of her own.

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  • Despite saving a considerable deposit, Nikki Leeson still found many homes were out of her reach.

    But when she discovered Taylor Wimpey's Limes Park development in Basingstoke, the 35 year old project manager was pleasantly surprised to find she could afford a larger home than she expected. Even when lenders temporarily withdrew funding for 90 per cent mortgage deals in the midst of the recession, the house builder came up with an attractive solution that solved the problem in an instant.

    Through the amazing Deposit Match scheme, Leeson was able to borrow 5 per cent of the purchase price of her Limes Park home as an interest-free, 10 year loan - and Taylor Wimpey helped her to find a great mortgage rate to suit her circumstances.

    Now looking forward to moving to her new 'Gillies' townhouse later in the spring, Leeson is one of hundreds of first time buyers who the house builder helps to secure a place of their own every year.

    "I had heard house builders like Taylor Wimpey were offering help to first time buyers so I popped into Limes Park during my lunch break one day last May," says Leeson, who moved in with her parents in Yateley, Hampshire, while she saved for a deposit.

    "I remember walking round the development thinking how lovely it was, but worrying that there was no way I could afford to live in a place like that. So I was pretty amazed when the sales executive came up with a great price that was within my budget, and they worked like crazy to find me a mortgage deal which wouldn't have been possible without Deposit Match.

    "The best thing is that I have already got quite a bit of equity in my new home because the market has been so healthy since I made the reservation. It's all worked out fantastically well for me and I can't wait to move in."

    Although they were not available when Leeson purchased her home, lender Santander (formerly Abbey) has announced that 90 per cent mortgages can now be obtained on new build homes. Thanks to Taylor Wimpey's Deposit Match, that means first time buyers can now secure selected properties at Limes Park with only a 5 per cent deposit.

    A superb choice of homes ideal for first time purchasers is on sale now at this popular development, including two bedroom apartments with ensuite master bedrooms, allocated parking and private balconies to selected plots, from only £159,995.

    Alternatively, just one two bedroom coach house-style apartment is available at Limes Park, priced just £169,995 and featuring a private front door leading upstairs to a spacious lounge/dining room and open plan kitchen, an ensuite master bedroom, a second bedroom and main bathroom, plus a garage situated below.

    Enjoying a leafy residential setting to the north west of Basingstoke town centre, Limes Park employs natural slate, traditional brickwork and timber to blend seamlessly with existing buildings.

    The development includes designated cycle routes, public open spaces and new bus services to connect with main routes and provide an alternative to the car for residents.

    Basingstoke town centre is just two miles away, and combines historical influences with bustling modern shops and exciting leisure pursuits, while Festival Place shopping centre comprises more than 150 shops, restaurants, bars and cafés.

    The town is also home to a choice of music venues, multi-screen cinemas, tennis courts, a leisure park, sports clubs, an ice rink, a swimming pool and bowling alleys. The open countryside is also just a stone's throw away, offering nature trails and opportunities for woodland walks and cycling.

    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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