First-time buyers offered hope in Sedgley
First-time buyers struggling to find an affordable home because of a decreasing number of suitable properties available are being urged to head to a popular Sedgley development.
It is estimated that nearly a quarter of househunters over the next 12 months will be first-time buyers, and a third of people taking their first step onto the property ladder are concerned that they won’t be able to find an appropriate property.
Local housebuilder Morris is urging first-time buyers to head to its Eden Fields development on Wolverhampton Road East, where its new build properties are available with the Government-led FirstBuy scheme.
With the FirstBuy scheme first-time househunters are able to purchase a house at Eden Fields for 80 per cent of its market value, allowing them to benefit from a lower deposit requirement and smaller monthly mortgage repayments.
Cindy Vials, regional sales director at Morris, said: “Unlike second-hand properties, our new build homes at Eden Fields are fantastic for first-time buyers because they have no renovation costs.
“The FirstBuy scheme allows househunters to own their first home without having to worry about saving for a large deposit, making it a cost-effective way for young professionals and families to get on the property ladder.
“Eden Fields is just minutes from Wolverhampton city centre, with great links to local motorways making access to nearby Birmingham easy for commuters.”
There is a selection of three-bed properties available at Eden Fields with the FirstBuy scheme, starting at £159,950.
For more information about the properties and schemes available at Eden Fields visit the new-look website at morrishomes.co.uk. Alternatively, visit the sales office at Wolverhampton Road East, Sedgley, WV4 6GB (open Thursday – Monday 10.30am – 5.30pm)..