Award-winning housebuilder Crest Nicholson is helping first-time buyers get on the property ladder in Hinckley, where homes at the desirable Canal Reach development can be snapped up for 80% of the property’s price, through the FirstBuy initiative.
The scheme is designed to help struggling first-time buyers into the property market in a way that they can afford. Purchasers will own 100% of their home for just 80% of the price, as Crest Nicholson and the government-backed 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 fee of 1.75% is payable. Loans must be repaid when the home is sold.
FirstBuy is now available on selected plots of the three bedroom Huntingdon, Kennet and Hanbrook house types at Canal Reach.
Amanda Benjamin, Senior Sales Manager for Crest Nicholson said: “For the last few years it has been difficult for first-time buyers to get a foot on the property ladder but with FirstBuy at Canal Reach, Crest Nicholson and the government are opening the door to potential purchasers’ first home. The development has proved particularly popular with young couples who find the good transport links to the nearby M1 and M6 networks ideal for commuting. We are urging anyone considering moving into their first home to come and visit us.”
Ideal for first-time buyers, the three bedroom Huntingdon house type offers a spacious open plan living room on the ground floor with French doors leading onto the garden, making it the perfect space in which to entertain. Also on this floor is the modern fitted kitchen and dining area, useful storage space and downstairs cloakroom. To the first floor, purchasers will find the contemporary master bedroom complete with an en suite, a further double bedroom, the family bathroom and a third bedroom, which would make an ideal nursery or study. The Huntingdon also enjoys its own garage. Prices at Canal Reach using the FirstBuy scheme start from £127,960 for a Huntingdon or Hanbrook and £143,960 for a Kennett. All of the houses currently available at Canal Reach are three bedroom and have their own garage. For more information customers can call into the on-site Sales and Marketing Suite (open 10am-5pm daily), call 0870 753 1864, email firstname.lastname@example.org or visit www.crestnicholson.com/canalreach.