Those who are thinking of taking their first steps on to the property ladder in the North West are to be helped by a government-supported purchase assistance initiative called FirstBuy.
The scheme assists novice buyers as it requires just a five per cent deposit with the buyer being able to defer a 20 per cent payment on the full cost of the property. The programme is available through numerous developments in the region.
For example, at The Wirral’s Sevenoaks development, prices start from £120,995, with not much more than £5,000 needed for a deposit. There are show homes open for viewings so potential buyers can see for themselves.
The development also offers easy access to the centre of town and is close to numerous schools. The funding allows first-time buyers to invest more on renovations; meaning loft conversions on the Wirral area, or whatever work the buyer sees fit to have done, have suddenly become more affordable.
Anne-Marie O’Doherty, sales manager for the development company Lovell, told What House:
“Homes at Sevenoaks are already very popular but with the addition of the FirstBuy offer, we’re making moving home easier and more affordable than ever before.
“FirstBuy is an ideal option for people who thought they had been priced out of the property market. It makes moving possible for many who may have otherwise been unable to do so.”
She went on to say that incentives can also be tailored to fit the needs of different purchasers and that those who simply wish to visit and leave with more details are under no obligation.