Help To Buy, First Time Buyers And Magister Square

Homes, property and Help to Buy are very much on the news agenda at the moment: While the Governor of the Bank of England says he is watching the housing market closely, the Office of National Statistics is reporting an 8% increase in house prices in the last year.

Some commentators say the Help to Buy scheme is helping to create a bubble – but the Prime Minister has defended the Government led scheme, which has been running for just over a year:  Mr Cameron called it a “well-targeted scheme that has helped tens of thousands of people get on the housing ladder and to have mortgages."

Essentially, buyers need to find a 5% deposit but can borrow a further 20% from the Government interest free, up to a purchase price of £600,000.

The scheme which has helped thousands buy their dream home, is now available at Magister Square in Lee on the Solent. It is a collection of thirteen three and four bedroom homes situated less than 800m from the sea front in this Hampshire seaside town.

Tina Chalk is the marketing manager at Linden Homes’ Southern:

“We are finding that the homes at Magister Square are attracting predominantly local people – mostly first time buyers – but also those who want to buy something a bit bigger but don’t want to move away from this community.

“We have opened a beautiful three bedroom show home that demonstrates the great design and high specification of all Linden Homes and visitors are welcome to come and see the house – and the development for themselves.”

As well as the three bedroom homes at Magister Square, there is also one four bedroom home remaining, and to make it easier to buy these homes here, Linden Homes is offering its Part Exchange Scheme*.

Under the scheme, Linden Homes becomes the guaranteed buyer and takes on the task of having your existing property valued and marketed. There is no brittle property chain to snap and no estate agents’ fees.

Linden Homes’ sales and marketing suite at Magister Square is open from Thursday to Monday from 10am to 5pm (4pm on Friday). For more information, please call 0844 644 1720.

*scheme rules apply

-ENDS-

For further information, contact Claire McCowan or Emma Cox at Remarkable Group on 01962 893893.

12 June 2014

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