First Time Buyers Use Help To Buy To Prepare For Their New Arrival

First time buyers Amy Balcombe and Luke Goggins have bought their own home using the Government’s Help to Buy scheme.

Having secured a brand new three bedroom house at Linden Homes’ Orestone View development in Goodrington, everything is now in place for them to welcome their first baby into the world.

Amy and her partner Luke, both 28, moved into their new home in December thanks to Help to Buy. Designed to assist first time buyers and existing homeowners, Help to Buy is a Government backed equity scheme that applies to any new build property up to the value of £600,000. It enables homebuyers to purchase a new home with just 5% deposit and a 20% Government equity loan – a loan that is interest free for the first five years and can be repaid at any time within the first 25 years.

Amy is currently on maternity leave from her job as a retail and beauty manager at Fab in Totnes and Luke works at South Devon College in IT support and as a lecturer in Sports Psychology.

Speaking about their move, Amy said: “We just assumed that we wouldn’t be able to raise enough deposit or afford the monthly mortgage payments required to buy our own home. We’re amazed that we pay the same for a three bedroom house with Help to Buy as we did for renting a two bedroom flat in Goodrington.

“Luke and I are so happy in our new home, the quality is just fantastic, we love that everything is brand new – where no-one has used the oven and bath before.

“I’m originally from Birmingham and my family has been coming on holiday to Marine Park for the past 30 to 40 years! The holiday camp has since closed and the land was used to build the Orestone View development. We have managed to buy a house, that’s in Goodrington, affordable and connected to my family - it really seems like fate.

“My parents have moved to Goodrington too so my sisters love visiting us and we try to work out where our holiday caravan used to be situated on the development.    

“I’ve also recommended Orestone View to my friend, who is moving here shortly.

“It’s certainly been a busy few months for us and we’re so excited that our baby will arrive any day now, but we’re all prepared in our new nest!”

Linden Homes is creating 100 contemporary homes at Orestone View in Goodrington, Paignton. Featuring a range of two bedroom coach houses, plus two, three and four bedroom homes in a traditional seaside setting, the development will be built to a high specification with views of the Ore Stone in the bay.

Brian Deacon, sales and marketing director for Linden Homes said: “The development is well situated in Goodrington, there are three beaches, a park and boating lake, local shops, leisure facilities, two primary schools and even a station on the Paignton and Dartmouth Steam Railway – so it’s the perfect place to raise a family.

“We’re delighted that Amy and Luke have managed to get on the housing ladder in time for the birth of their new baby!"

To clarify the Help to Buy process Linden Homes has created a new step-by-step animation which gives a simple overview of the scheme.

For further information on how to get on the property ladder visit the sales and marketing suite, off Grange Road, Goodrington, TQ4 7JW, open daily 10am to 5pm. call Karen Meanwell or Stevie Churchill on 0844 488 3682. 

-ENDS- 

For further information, contact Emma Mackay on 01626 356666 or email emma.mackay@lindenhomes.co.uk

 

 

 

20 March 2014

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