Getting a mortgage and buying a property can be a daunting prospect. However, help is at hand at Linden Homes’ popular Greyfriars Quarter development in the heart of historic Gloucester. An independent financial advisor will be on site every Friday until the end of August, offering free advice for those looking to buy now or in the future.
Sue Scholfield, Sales Director at Linden Homes Western, said: “We are giving potential purchasers the chance to talk to an independent advisor to help them better understand what they need to do to buy a new home.
“The advisor will be able to answer any questions they have and help put together a budget to help them achieve their dream of a new home.
“They may not realise, for example, that with the Government’s Help to Buy scheme, a stunning new home at Greyfriars Quarter could be secured with a deposit of just 5%.”
Help to Buy is open to all qualifying home buyers of new-build properties in England up to the value of £600,000. Under the scheme the Government provides an interest-free loan for the first five years of up to 20% of the property value. This means that, with a minimum deposit of 5%, a new home can be secured with a 75% mortgage. The Government loan can be repaid at any time or on the sale of the property.
Greyfriars Quarter forms part of the redevelopment of the former Gloscat college site and offers a mix of one- and two-bedroom apartments and three/four-bedroom houses.
To make an appointment to see the independent financial advisor call 0844 488 0819, or drop into the sales office on Brunswick Road.
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For further information, contact Samantha Stagg or Madeleine Hardman, James Reed Public Relations Ltd, Tel: 0117 985 8980 or email: samantha@jamesreedpr.co.uk
i Subject to status, ‘Help to Buy’ Terms & Conditions and available on selected properties in England only. Eligible applicants will be offered an equity loan up to a maximum of 20% of the purchase price (based on the open market value). Applicants are required to fund at least 80% of the purchase price by means of a conventional mortgage, savings/deposit where required. The equity loan is provided by the HCA and held as a second charge. This offer is not available in conjunction with any other promotion. Full details will be provided on request.
