Matt and Caroline Magovern weren’t thinking about moving house just before their autumn wedding, but that all changed when the soon-to-be newlyweds discovered they were eligible for the Government-backed Help to Buy scheme.
Having previously rented, the couple had thought they were priced out of the market and were delighted when they found out they could now afford their dream home at Crest Nicholson’s St James Mead development in Badsey.
Matt explained: “We hadn’t been looking to move as we really didn't think we could get a mortgage yet, but had just been keeping an eye out to see what was available. Then we found out about Help to Buy and couldn’t believe that buying might be more affordable than we originally thought.”
Help to Buy is a new initiative which enables purchasers to buy their home with just a 5% deposit and 75% mortgage. The remaining 20% of the value is covered by a loan from the Government which is interest free for the first five years.
“We’re thrilled,” added Matt. “We couldn’t have bought at this stage without Help to Buy and the fact that we could afford something as great as our new home at St James Mead is just fantastic.”
Having rented a new build property previously, Matt and Caroline knew a brand new home was right for them. “It’s everything we wanted from a house; we’ve got no worries over maintenance for a while and we really liked the idea of being the first people to ever live in it.”
Matt explained that it was a four bedroom Meadvale that caught their eye: “We lived in a three bedroom detached home before and wanted extra space as we have young children and Caroline works from home sometimes. Also the garden was south facing which is perfect as we like to have a beer in the sun!”
Indeed, the Meadvale features a large living room, kitchen and breakfast room as well as a study and cloakroom on the ground floor, with the en-suite master bedroom, three further bedrooms and the family bathroom occupying the first floor.
Help to Buy prices at St James Mead currently start from £227,960 for a four bedroom Meadvale. For more information, visit the on-site Sales and Marketing suite (open daily 10am-5pm), call 0845 894 3246, email firstname.lastname@example.org or visit www.crestnicholson.com/stjamesmead