A new scheme for first time buyers could help house hunters in the Milton Keynes area to get a foot on the property ladder with only a four percent deposit. The recently launched FirstBuy scheme applies on selected plots at Country and Metropolitan Homes’ Life development in Bletchley and Redhouse Park, Milton Keynes.
At the Life development in the heart of Bletchley a two-bedroom apartment can be purchased for as little as £106,000 with the FirstBuy scheme. Country and Metropolitan Homes’ sales and marketing director, Elaine Dufaur, said: “The launch of the FirstBuy scheme is a real boost for first time buyers and we are delighted to be able to offer this option on our Life and Redhouse Park developments.”
Life is a collection of one, two and three-bedroom apartments and two, three and four-bedroom houses located close to Bletchley town centre. All the new apartments have the added benefit of outside space, with their own private balconies, as well as car parking, a cycle store and lift.
The two-bedroom apartments at Redhouse Park have already proved very popular with house hunters in the Milton Keynes area and with selected plots now available for as little as £116,000, with the FirstBuy scheme, interest looks set to increase even more.
Redhouse Park is an exciting new development of one and two-bedroom apartments, and two, three and four-bedroom houses located close to Milton Keynes and Newport Pagnell.
Both developments are conveniently close to Milton Keynes with its thriving business community and excellent shopping and leisure facilities. Travelling into town and further afield is fast and easy. Bletchley station provides a regular and swift service to London Euston with journey times of under an hour, while the proximity of the M1 motorway allows easy access to Luton Airport.
With FirstBuy eligible applicants will be offered an equity loan of up to 20% of the purchase price (based on the open market value) with the remaining 80% being funded by a conventional mortgage. It means that first time buyers own 100% of their new home from day one and benefit from lower monthly repayments. The buyer is required to find their own four percent cash deposit.
For more information about Redhouse Park call: 08449 678910, seven days a week between 10am and 5pm Or for Life call: 08449 678903 seven days a week, or visit www.candmhomes.com.