With rent costs rising fast, many renters are finding that buying their own home makes sound economic sense. And, with the Government’s Help to Buy* Scheme, prospective purchasers can get moving with just a five per cent deposit.
At Linden Home’s Greyfriars Quarter, in the heart of Gloucester, prospective buyers can secure a stylish one-bedroom Highgrove apartment with a deposit of just £5,549.75 with Help to Buy.
The Highrove has a stunning open plan living/dining and kitchen area and the apartments also benefit from balcony, spacious double bedroom and allocated parking. Greyfriars Quarter forms part of the redevelopment of the former Gloscat college site and offers a mix of one- and two-bedroom apartments and three/four-bedroom houses. Prices start at £110,995 for a one-bedroom apartment and £199,995 for a three/four bedroom home.
Help to Buy
Sue Schofield, Sales Director at Linden Homes Western, said:
“Using Help to Buy, the Government provides an interest free loan for the first five years of up to 20 per cent of the property value. So, buyers only need to secure a 75 per cent mortgage from a bank or building society to purchase their home.
“Help to Buy is open to all qualifying homebuyers – not just first-time buyers, and at Greyfriars we can arrange an appointment for specialist mortgage advise for those who want to find out more.”
Linden Homes also offers a wide range of flexible moving schemes to help you move to your dream home. With Part Exchange*, for example, Linden becomes your guaranteed cash buyer so movers can buy and sell in one easy, hassle-free step with no chain and no estate agent fees.
To find out more call Michael Tuck New Homes in Gloucester on 01452 726443.
*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.
(correct at time of publication)