Plymouth new parents are looking forward to moving into a home of their own, thanks to a local Homebuilders first time buyer initiative.
Mark Peirce, 22 and his partner Becky, 21, have previously been living at their parents until recently moved into a rented flat. 8lb 4.5oz Evie was born six weeks ago.
We did shop around for a first buy property and originally wanted to do up a run-down property to do up as both of our parents are builders, explains the trainee Quantity Surveyo.
But we didn’t have a 20% deposit to put down. Though the Linden Homes First Buy scheme we own 100% of our home. Because it’s brand new and built to a higher specification, our bills will be low plus we will only be paying £660 a month for a 3 bed home, so we have managed to get a lot of house for the money we have paid. Getting a first foot on the ladder was very achievable at 5%, its something our friends are beginning to consider as a viable option to renting, which is madly the cheaper option.
The couple bought off plan at Evolve, Devonport which is currently going through a massive regeneration programme.
Linden Homes’ Sales and Marketing Director, Andy Addison explained:
Our affordable and efficient new homes are really making a difference to young families in the area. Following on from the recent success of HomeBuy Direct, FirstBuy is a new government led equity loan scheme offering up to 20% of the purchase price of your new home. Aimed at helping buyers onto the property ladder, the scheme is enabling first time buyers to secure a conventional mortgage.
Evolve at Devonport is an exciting regeneration project comprising the demolition of existing post war buildings and the building of new homes within a refreshed street scene. The award winning scheme, together with other important initiatives in the area, plays an important role in the creation of a new balanced and sustainable community within Devonport.
Architectural design has been influenced by the Grade I listed buildings which still have a significant presence in the area. The development will be built in five phases and the houses in phase one on Ker Street boast three storeys to respond to the grandeur of the Guildhall, the figurehead of the scheme, while others are two storey to relate to existing buildings across Pembroke Lane.
The couple are due to move in the spring.
-ENDS-
For further information please contact Anju Sarpal PR Manager for Linden Homes SW on 07918 907773 or email anju.sarpal@lindenhomes.co.uk
