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FirstBuy Opens The Door to Affordable Living in Brockworth

FirstBuy Opens The Door to Affordable Living in Brockworth29th January 2013

Chosen View is throwing a property lifeline to those struggling to raise a large deposit demanded by many lenders as Nicola Reed, sales and marketing director for Persimmon Homes Severn Valley explains.

“We are very aware of how difficult it can be for people looking to take their first step on to the property ladder.  There can often be a misconception that renting is the cheaper option and many are put off by what appears at first glance to be a complex mortgage scheme.

“FirstBuy has proven to be one of our most popular schemes, which has helped hundreds of buyers across the region.  With rental prices continuing to rise, FirstBuy offers low mortgage repayments that will continue to deliver greater affordability compared to rental costs.”

FirstBuy enables prospective buyers to purchase a new home by securing a 75 per cent mortgage and raising just a five per cent deposit.  The remaining 20 per cent is provided through a basic shared equity scheme by the Homes and Community Agency and Persimmon Homes.  There is no interest charged on the equity loan for the first five years and at the start of year six a small interest charge of 1.75 per cent is collected.

“Anyone looking to take advantage of the scheme can be assured that it’s a straightforward application with an agreement reached in a day or two,” continued Nicola.  “We guide you through the process every step of the way and will explain the scheme in a language that is easy to understand.”

Chosen View is a development located in the very popular area of Brockworth near Gloucester where residents enjoy the wonderful heritage and modern city facilities as well as access to the countryside.  The development offers a variety of accommodation, but only a few properties remain on the current phase, so buyers are urged to act fast if they wish to reserve a new home. 

For more information please call Michael Tuck New Homes in Gloucester on 01452 726443 or Michael Tuck Estate Agents in Gloucester.