Following the news that British inflation recently fell to the lowest level in over a year* and that mortgage lending has increased recently**, Crest Nicholson is giving buyers at its Kings Warren development in Red Lodge more good news; the award-winning developer can offer buyers a range of buying schemes and incentives to help them purchase their own home, whether they are first time buyers or are making their way up the property ladder. Incentives available include either NewBuy, Mortgage Subsidy or Part Exchange.
Potential buyers can find out more about how Crest Nicholson can help them by visiting the site where Kings Warren’s dedicated sales team will be on hand to explain the incentives.
Annette Cole, Sales & Marketing Director for Crest Nicholson Eastern, said: “Despite low interest rates and a fall in inflation in recent months, we are finding that many potential buyers are still finding it difficult to buy a new home. We have always been committed to helping buyers achieve their house buying dreams and, even throughout the economic downturn, have continued to offer various incentives to help potential purchasers.
“The incentives available have helped many buyers purchase their new home across all our developments; they can really make the difference between people being able to afford a new home or not. Buyers who think they can’t afford a home should come and talk to our sales team – they may find that a new property may not be beyond their grasp after all.”
NewBuy is operated by the home building industry and mortgage lenders working in partnership with the Government. Purchasers need only provide a 5% deposit with the lenders participating by providing a 95% loan to value mortgage for buyers meeting their qualifying criteria. This incentive will enable many buyers to purchase their first or next home who would otherwise have been unable to do so.
Purchasers may alternatively take advantage of Crest Nicholson’s Mortgage Subsidy scheme; buyers will receive £500 per month towards their mortgage for an entire year.
Part Exchange is a very popular scheme as it removes the stress and hassle of selling an existing home on the open market. Potential purchasers simply identify the property they wish to buy, and then Crest Nicholson will arrange for three independent local estate agents to value the purchasers’ existing property. Crest Nicholson will make an offer within seven days and once the offer is accepted, customers can reserve their brand new home.
A mix of two and three-bedroom houses in a range of different styles are currently available for sale on Hunters Chase at Kings Warren. When complete, Kings Warren will comprise 1,250 homes in addition to community facilities. As well as offering a peaceful and idyllic rural setting, an excellent road and rail infrastructure located close by means that residents are well connected. Kennet Station is located just three miles away and provides frequent and direct rail links to Cambridge in just 30 minutes. Alternatively, Cambridge city centre is just 18 miles by road and there is also easy access to the A11 and nearby A14.
Crest Nicholson has recently received planning approval for a village centre and school site which will be coming to the site in September 2012. The village centre includes plans for shops, financial/professional services, restaurants, cafes, pubs and offices as well as a crèche.
For more information about Hunter’s Chase or Kings Warren as a whole, please contact 0870 755 1632 or visit www.crestnicholson.com/kingswarren.
* http://uk.reuters.com/article/2012/03/20/uk-britain-inflation-idUKBRE82J0D620120320 ** http://www.guardian.co.uk/money/2012/apr/16/mortgage-lending-up-february-cml