Its all change at Gleeson’s Vale Croft Development in Carr Vale, Bolsover where local the housebuilder has just released a new phase of new style homes. Prices for the 3 and 4 bedroom homes start from just £87,996 using the FirstBuy scheme with mortgage repayments from £442 per month, which for many buyers is a cheaper option than renting.
The homes are proving extremely popular with buyers with the two bedroom homes selling out within weeks of their release.
Maxine Baxter, Sales Manager explains, “We have changed the style of homes we are building at Vale Croft to better suit local buyers. The spacious 2, 3 & 4 semi and detached homes all feature on the plot parking and generously sized gardens and the attractive prices, especially with FirstBuy, make them perfect for both first time buyers and growing families. We have currently sold out of 2 bedroom homes but plan to release some more soon. I would urge anyone looking for the two bedroom homes to register their interest now to avoid disappointment”
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 adds, “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 Vale Croft and have a chat with our Sales Negotiator to see how we can help you.”
For more information, click here to contact Gleeson Homes today.
