This weekend (Saturday 25 and Sunday 26 July), St. Modwen Homes and Mortgage Bureau will be hosting two special events in the Swadlincote area, designed to answer people’s questions about the Government’s Help to Buy scheme.
Free for everyone to attend, the Help to Buy events will take place between 10am and 5pm at both St. Modwen Homes’ Manorfields development, located just off the A444 in Castle Gresley, and its Woodlands Reach development located on Hemlock Road in Ravenstone.
Both events will give househunters the opportunity to speak to local IFAs (independent financial advisors) about the equity loan scheme, helping potential home owners understand how the scheme could help them purchase their first home or move up the property ladder.
Help to Buy has proven hugely successful since it was launched in 2013, assisting thousands of people in purchasing a new home. Under the scheme, people pay just 80% of the listed price of a property, made up of a 5% deposit and a 75% mortgage. The Government will provide an equity loan of up to 20% to cover the remaining cost which is interest free for the first five years.
Bev Hall, Sales and Marketing Director at St. Modwen Homes, said: “More than 70% of our homeowners at Manorfields and Woodlands Reach have used Help to Buy to purchase their new home in the past year yet we’re aware that many people still have lots of questions that they would like answering. Our Help to Buy event will give customers the perfect opportunity to get their questions answered, whether they’re wondering how much deposit they’ll need, how the repayments work or what the next steps in the process are.
“All our homes are available to purchase under Help to Buy and whilst, to date, the scheme has proven most popular with first time buyers, it is also available for those looking to move up the property ladder.”
Jon Quilliam, Independent Financial Advisor at Mortgage Bureau, said: “Purchasing a new home is one of the biggest decisions people make so it is vital that home buyers feel comfortable with any house-buying initiatives they plan to use. This open event will allow people to gain further understanding about Help to Buy and take away some free advice that will help them make an educated decision about using the scheme.”
Currently, there is a range of two, three and four bedroom houses available to purchase at Woodlands Reach and a mix of three and four bedroom homes at Manorfields. Prices for the new homes at Woodlands Reach start from £144,995 for a two bedroom home and prices at Manorfields start from £169,995 for a three bedroom house. All St. Modwen Homes’ houses have been designed with the developer’s philosophy of light and height, meaning each property benefits from high ceilings and large windows, as well as a high specification of fixtures and fittings, to ensure a spacious, comfortable and attractive home.
Anyone interested in finding out more about Help to Buy is invited to drop in to one of the open events. The event at Manorfields will take place in the marketing suite located off the A444 in Castle Gresley, Swadlincote (DE11 9EW) and the event at Woodlands Reach will take place at the marketing suite on Hemlock Road, Ravenstone in Leicestershire (LE67 3NA). Further information about both developments can be found at www.stmodwenhomes.co.uk or on the developments’ Facebook pages.