Potential buyers struggling to get onto or climb the property ladder and who think that buying a new home in 2013 will be beyond them, should take heart; Crest Nicholson is offering a range of incentives on the Westerly and Farleigh house types at its Liberty Park development.
Existing homeowners can purchase a four-bedroom Westerly house with Crest Nicholson’s Part Exchange scheme; alternatively, existing and first time buyers can have their Stamp Duty paid by Crest Nicholson. As well as Stamp Duty, Crest Nicholson will also provide flooring for the property, removing another cost from the house purchasing process.
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 Liberty Park 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.
Priced at £259,500, the Westerly house type has been designed with space in mind and is arranged across three floors. On the ground floor are the open-plan kitchen and dining room, a large lounge which offers direct access to the garden and convenient cloakroom. The first floor is home to the family bathroom and three of the bedrooms, with one featuring an en suite. Finally, the second floor is dedicated entirely to the master suite, providing an enclave from the rest of the house. As well as an en suite bathroom, the room also enjoys the luxury of a dressing room. Buyers interested in the Farleigh, a pretty coach house priced at £155,000, can take advantage of either the Government-backed NewBuy or FirstBuy scheme.
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.
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.
The Farleigh is a very pretty house design and is ideal for first time buyers. The home features a large, open-plan kitchen and living room, a master bedroom with an ensuite bath room, a single second bedroom and a family bathroom.
Annette Cole, Sales and Marketing Director for Crest Nicholson Eastern, said: “Buying a home is one of the biggest financial commitments anyone can make, so it’s inevitable that there may be some challenges to overcome. We recognise the financial challenges that the current economic climate has brought and so we endeavour to make purchasing a property with us as easy and as smooth as possible. Buying a new home may not be as difficult as people think; owning a new home in 2013 may be far more achievable that people realise.”
For further information please contact Crest Nicholson at the Sales & Marketing Suite, Hoo Road, Wainscott, Kent ME3 8FB, open daily from 10am-5pm, on 0870 752 4382 or visit www.crestnicholson.com/LibertyPark.