Linden Homes is helping homebuyers by holding a special Help to Buy event at its new White Rock development in Paignton on Saturday 9th May.
Designed to assist first time buyers and existing homeowners, Help to Buy is a Government backed equity scheme available on any property at White Rock. It enables homebuyers to purchase a new home with just 5% deposit and a 20% Government equity loan.
At the event visitors will be able to discover how the scheme can help them move and an independent financial adviser will be able to provide advice.
Alison Kendall, sales and marketing director for Linden Homes said: “We’re challenging people who don’t think they can afford to move to come along to the event to discover how we can make it work for them – it’s often cheaper to buy than rent with Help to Buy.”
A contemporary two bedroom home would cost approximately £750 to rent each month. However, using Help to Buy to purchase a similar £182,950 home would save over £250 per month!
Adam Champion, an independent expert from New Homes Mortgage Helpline, explained: “Using Help to Buy, the home for £182,950 would require £9,150 as the 5% deposit. There would be a 20% Help to Buy government equity loan and then you would only require a mortgage of £137,250 which equates to just £499.64 per month, based on Nationwide’s 1.89% two year fixed mortgage over a 25 year term.”
Alison added: “Joining the housing ladder is not just a good investment in the long term but it pays to move in the short term too. We’re very passionate about helping people to achieve that important milestone – we can help you move, just come and visit us.”
White Rock is a contemporary development of high quality two, three and four bedroom family homes. Strongly focussed on the community, the development includes an area of public open space, a sports provision and even allotments!
Near to the seaside resorts of Goodrington and Paignton, White Rock is situated close to a number of local amenities and good schools.
To clarify the Help to Buy process Linden Homes has created a new step-by-step animation which gives a simple overview of the scheme. To view the animation, visit: www.lindenhomes.co.uk/helptobuy
For more details visit the sales and marketing suite, off White Rock Way, Paignton, open daily 10am to 5pm (and until 7pm on Thursdays), contact Dana or Lorraine on 01803 701835.
-ENDS-
For further information, contact Emma Mackay on 01626 356666 or email emma.mackay@lindenhomes.co.uk
