St. Modwen Homes is helping renters in Leicestershire get a foot on the property ladder with Help to Buy at its Woodlands Reach development in Ravenstone.
According to research, the average cost of renting in the area can be as much as £700 per month for a two bedroom house. In comparison, when you buy a two bedroom home at Woodlands Reach using the government’s Help to Buy scheme, your mortgage could be just £459.
Using Help to Buy, a new home can be purchased for just 80% of the listed price, with a 75% mortgage and 5% deposit. The remaining 20% is covered by an equity loan of up to 20% from the government. Priced at £152,995, this means a deposit for the two bedroom Nectan could be as low as £7,649.
Bev Hall, Sales and Marketing Director at St. Modwen Homes, said: “Many people living in rented accommodation believe that homeownership is an impossible dream however, using the government’s Help to Buy scheme, buying your first home could actually be easier than you think.
“Anyone hoping to own their own home should visit our Sales & Marketing Suite and chat through their options with our sales consultants and independent mortgage advisors.”
Designed with homeowners in mind, the Nectan features an open plan kitchen and dining room with double French doors leading to the rear garden. Upstairs, the master bedroom benefits from designer built-in wardrobes.
Additionally, in keeping with St. Modwen Homes’ philosophy of light and height, the Nectan benefits from higher than average ceilings and large windows in every room, creating bright and spacious living areas full of natural light.
The Marketing Suite and Showhomes at Woodlands Reach are open Thursday to Monday from 10am to 5.30pm inclusive of the weekends. For more information or to book an appointment, call 0844 243 4555 or email WoodlandsReach@StModwenHomes.co.uk. Alternatively visit www.stmodwenhomes.co.uk or follow the housebuilder on Twitter, Instagram and Pinterest, @StModwenHomes, and on the Woodlands Reach Facebook page.