Thanks to popular demand Gleeson has released a new phase of homes at its Burnham Walk development in Bierley. Gleeson’s 2 & 3 bedroom homes at Burnham Walk, which all feature on-plot parking are priced from £79,996 using the Government backed FirstBuy scheme with mortgage repayments starting from £93 per week, which for many first time buyers is a cheaper option than renting.
The 2 and 3 bedroom homes are proving incredibly popular due to their attractive prices and the fantastic schemes on offer, especially for first time buyers.
The FirstBuy scheme, which was announced by the government in this year’s budget in March, aims to help over 10,000 individuals in England purchase a brand new home with a small selection of housebuilders in each region chosen to allocate the money.
Under the FirstBuy scheme, the government and Gleeson will jointly provide a 20% loan to top up first-time buyers’ own deposit of 5%. This will allow them to take out a mortgage for 75% of the property price, in turn creating lower mortgage repayments compared to purchasing the home outright. The 20% loan is interest free for 5 years and does not need to be repaid until the end of the mortgage term.
Maxine Baxter, Sales Manager for Gleeson Homes explains, “FirstBuy is a fantastic option for first time buyers who are looking to take the first steps onto the property ladder but are concerned about high mortgage repayments. With FirstBuy you own 100% of your home but can enjoy lower mortgage repayments thanks to the equity loan Gleeson & the government jointly provide. A buyer also only needs to save a 5% deposit compared to 10% when buying a resale property which is much more realistic.”
In addition to FirstBuy Gleeson offers a number of other schemes for first time buyers who would rather own 100% of their home. These schemes include Aspire, whereby Gleeson will contribute 5% towards the first time buyer’s own 5% deposit and pay legal and valuation fees plus schemes for parents who want to help their children purchase their first home.
For those buyers who may be having trouble saving for a deposit Gleeson offers the Save & Build Scheme. With Save & Build a buyer can reserve the home of their choice, at a fixed price. Together with an independent mortgage advisor the buyer will agree an affordable savings plan over a 6 to 12 month period whilst the house is built. Gleeson will match the buyer’s savings pound for pound until the required 10% deposit is saved and the buyer can move into their new home.
Maxine adds, “There really isn’t a better time for first time buyers to take those first steps onto the property ladder and new homes are a great option thanks to the lower maintenance costs. I would urge buyers to visit Burnham Walk and have a chat with our Sales Negotiator to see how we can help you.”
Gleeson’s sales office and show homes at Burnham Walk are open Thursday to Monday 10am to 5pm. Please call 01274 681060 or visit www.gleeson-homes.co.uk for more information.
