Following the latest reports which illustrate how owning your home rather than renting will save you nearly £200k over a 50-year period*, tenants living in rented accommodation will be reassured that overcoming the hurdles associated with purchasing a property will have tremendous long term financial benefits. The initial cost, however, of stepping onto the property ladder can be a big barrier for many, so award-winning developer Crest Nicholson is offering potential purchasers at their Aldermere development in Cheshunt the opportunity to take advantage of the ‘FirstBuy’ scheme.
FirstBuy is a Government-backed scheme designed to help struggling first time buyers onto the property ladder by allowing purchasers to own 100% of their home for just 80% of the price. Crest Nicholson and the Homes and Communities Agency offer a loan of up to 20% of the full purchase price, making the three bedroom Elmswell home priced at £279,500, a more affordable £223,600.**
Annette Cole, Sales & Marketing Director for Crest Nicholson Eastern, said: “For many first time buyers the idea of purchasing a property can seem like an unobtainable goal and taking those first steps onto the property ladder is not easy. It is a common misconception that it is only young couples or individual buyers who struggle to get onto the property ladder. Families too are often forced to live in rented accommodation that they may have outgrown because they can’t get onto the property ladder. Crest Nicholson is proud to be able to offer FirstBuy at Aldermere to assist families and young couples alike with buying their first home.
“First time buyers can benefit from the incentive when purchasing a three-bedroom Elmswell property, which has been designed with both young professional couples and young families in mind. The third bedroom has been designed to make an ideal study or a child’s bedroom depending on the purchaser’s circumstances. For busy professionals or people bringing up children, the Elmswell property is ready to move into now, offering a brand new and fresh home from day one.”
The three-bedroom Elmswell home, which is ready to move into now, offers an open-plan kitchen and dining-room as well as a separate, spacious living room and downstairs cloakroom. The first floor houses the three bedrooms and family bathroom, with the master bedroom and second bedroom both benefiting from built-in wardrobes and the master bedroom offering a complete sanctuary with its en-suite bathroom.
Aldermere showcases a variety of different architectural styles that complement the local vernacular and ensure the development sits well within its surroundings. Each property has a blend of the best of traditional design with stylish, modern interiors, fixtures and fittings and also benefit from a range of eco-features to ensure that each home is extremely energy efficient and low maintenance.
The nearby Brookfield shopping centre provides fantastic shopping opportunities, as does Cheshunt with its range of high street and boutique shops and restaurants. Aldermere is conveniently located just two miles from Cheshunt railway station from where trains to London Liverpool Street have a 27 minute journey time. The A10 is less than one mile away, from which the A1(M), the M11 and the M25 can easily be accessed and London Stansted Airport is 25 miles away.
For further information about Aldermere, please contact the sales and marketing suite on 0870 757 8192
* http://propertytalklive.co.uk/buying/9767-buying-cheaper-than-renting-by-p200000 ** Up to £280,000. The loan is equity free for the first five years, after which a fee of 1.75% is payable. Loans must be repaid when the home is sold.