If you think buying a new home in 2013 is beyond you, think again; this weekend (19th & 20th January), Crest Nicholson is giving both first time buyers and existing homeowners the chance to fulfil their home buying dreams at its Vista development in Ipswich.
Both first and second time buyers can take advantage of the Government-backed NewBuy scheme whilst existing homeowners can move up the property ladder swiftly and easily thanks to Crest Nicholson’s Part Exchange scheme and first time buyers can take advantage of FirstBuy. The schemes are available on two-bedroom houses priced from £174,500 and four-bedroom houses priced from £246,500 at Vista.
With NewBuy, purchasers only need a 5% deposit to get on the ladder; a far cry from the typical 20%-25% deposit still required by many mortgage lenders. The great thing about NewBuy is that it is available not only to first-time buyers but also to existing homeowners who have little equity in their current property and are unable to raise the necessary funds to upgrade to a larger home that better suits their requirements.
Part Exchange is designed to help existing home-owners move into a brand-new Crest Nicholson home without the delays and stresses often associated with moving house. Purchasers simply need to identify the property at Vista they wish to buy and the developer will then arrange for three different estate agents to assess and value their existing property. Once Crest Nicholson’s purchase offer has been accepted, the buyer’s new home at the development will be reserved – it’s as simple as that.
FirstBuy is designed to help struggling first time buyers onto the property ladder in a way that they can afford. The initiative means that purchasers will own 100% of their home for just 80% of the price as Crest Nicholson and the Homes and Communities Agency offer a loan of up to 20% of the full purchase price. The loan is interest free for the first five years, after which a low rate of 1.75% is payable. Loans must be repaid when the home is sold.
Annette Cole, Sales & Marketing Director for Crest Nicholson, said: ““We recognise that it can often be a struggle to take either the first or the next steps up the property ladder. Crest Nicholson is proud to have offered a helping hand to buyers throughout the economic downturn. We are delighted to offer a range of incentives; with a wide variety of homes available, we hope that many local residents will be able to make their next property move at Vista and get their new year off to a terrific start.”
For more information or to book an appointment please call the Sales & Marketing Suite, open daily from 10am-5pm, on 0870 757 8182 or e-mail firstname.lastname@example.org. Alternatively, visit www.crestnicholson.com/vista