First-time buyers in Essex are smart about their finances and don’t want to be paying money out in rent if there is a better option.
(PRWeb UK) November 19, 2010
Linden Homes is seeing high demand at Northfields, their multi-award winning development of new homes in Colchester, from young professionals across the county who are tired of wasting money on rent and are eager to take up Linden Homes’s Easy Start shared equity scheme, which allows buyers to own their own home from just £127,497.
The Easy Start scheme means young buyers can own a new home now but pay just 75% of the price up front, with only a 5% deposit. With prices starting at just £169,995 for a two-bedroom terraced home, you could pay £127,497 to move into your new home today and receive an interest-free loan over ten years for the remaining 25% of the price.
For those fortunate enough to have access to the ‘Bank of Mum and Dad’ to help finance their first home, Linden Homes has another option to please parents who are often eager to help but worried about the cost. The Parent Bond scheme allows a family member to provide up to 25% towards the purchase price and earn a guaranteed return of 10.25% on the amount for two years, while helping the buyer to access a lower mortgage rate.
The financial incentives available at Northfields, combined with the great transport links, cutting edge architecture and community feel at the award-winning development, makes it the ideal choice for those starting out on the property ladder and looking for new property in Colchester.
Roseanne Bullen, Sales and Marketing Manager for Linden Homes Eastern, part of Galliford Try Homes, comments:
“First-time buyers in Essex are smart about their finances and don’t want to be paying money out in rent if there is a better option. At Linden Homes we want to help people realise their aspirations - that is why we are offering the Easy Start and Parent Bond schemes at Northfields, which make a real difference helping young buyers onto the ladder.”
Prices at Northfields start at £169,995 for a two-bedroom terraced home. For more information please contact Linden Homes on 0845 123 6003.
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