Why rent, when you could buy for £479 per month?
Many renters think that they can’t afford to buy their first home, but if they knew that all it would cost is £479*, in monthly repayments, they may think twice. If house-hunters visit Laurel Grove, Peveril Homes’ development in Uttoxeter, they can find out more about the three-bedroom Jasmine, priced at £154,950, and how they can take that first step on the property ladder, with the help of FirstBuy*.
With this incentive, purchasers are required to raise just 80 per cent of the price of the home, made up by a five-per-cent deposit and a 75-per-cent loan-to-value mortgage. The remaining 20 per cent is provided by the government and Peveril Homes as an equity loan, which is interest free for the first five years. To qualify, you have to be a first-time buyer and, as a household, earn less than £60,000 a year – it’s as simple as that.
Visitors to Laurel Grove will be able to take a look around the Jasmine and will find the kitchen, a convenient cloakroom and spacious open-plan living and dining room – perfect for entertaining – on the ground floor. Upstairs is the family bathroom, along with three well-proportioned bedrooms. The home also comes with two parking spaces.
Angela Thomas, sales and marketing manager at Peveril Homes, comments: “The Jasmine is priced at £154,950. This may seem out of reach to some first-time buyers, but considering that the average monthly rent for a three-bedroom property in Uttoxeter is currently £530**, and by purchasing at Laurel Grove you would be
looking at monthly repayments of only £479, it makes financial sense to find out more. We’ll be able to show you that buying with us is an affordable option.”
The homes at Laurel Grove are built to the utmost standards and are suitable for several purchaser types. However, it’s not just the properties which grab your attention at this development – the location is also second to none. Perched on the edge of the town, all local amenities are within walking distance, including independent shops, a supermarket, cinema and even a leisure centre. For families, there’s a selection of schools nearby. For commuters, the A50 is just moments away, providing great links to the M6 and M1, for travel further afield.
To take advantage of FirstBuy and to find out more about these new homes in Uttoxeter, come and take a look at the show home, open Friday–Monday, 11am–5pm. Alternatively, log on to peverilhomes.co.uk.
*Terms and conditions apply. The monthly repayment is based on the 80-per-cent purchase price.
**Home.co.uk. Correct as of: 24.05.12.