Linden Homes Western is experiencing a surge in interest from home buyers since the launch of the Government’s new Help to Buy** scheme.
The initiative is open to all qualifying home buyers of new-build properties in England up to the value of £600,000 – not just first-time buyers.
Sue Scholfield, Sales Director, said: “We have seen a lot of interest in Help to Buy at our Meadow Grove development in the historic market town of Newent, on the edge of the Forest of Dean, and we have already helped a number of home buyers get on – or move up – the property ladder.”
Under the scheme, the Government provides an interest-free loan for the first five years of up to 20% of the property value. This means that, with a minimum deposit of 5%, a new home can be secured with a 75% mortgage. The Government loan can be repaid at any time or on the sale of the property.
For further information call 0844 417 8252.
** Subject to status, ‘Help to Buy’ Terms & Conditions and available on selected properties in England only. Eligible applicants will be offered an equity loan up to a maximum of 20% of the purchase price (based on the open market value). Applicants are required to fund at least 80% of the purchase price by means of a conventional mortgage, savings/deposit where required. The equity loan is provided by the HCA and held as a second charge. This offer is not available in conjunction with any other promotion. Full details will be provided on request.
* Subject to scheme rules and not available in conjunction with any other offers
Media enquiries: Samantha Stagg or Madeleine Hardman, James Reed Public Relations Ltd Tel: 0117 929 0405 or email: Samantha@jamesreedpr.co.uk
08 May 2013
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