Borehamwood apartments are available with FirstBuy
Taylor Wimpey’s Oaktrees development of apartments for sale in Borehamwood are available with the Government-backed FirstBuy scheme for first-time buyers.
Quick-off-the-mark home-hunters have been wasting no time taking advantage of an amazing incentive to help them onto the Hertfordshire property ladder – and there’s a rare opportunity to join them at Taylor Wimpey’s Oaktrees development of new-build flats in Borehamwood.
Due to the popularity of the Government-backed FirstBuy scheme, there is now strictly limited availability of this fantastic initiative – so first-time buyers seeking high-quality apartments in Borehamwood are advised to get in quick at Oaktrees before someone beats them to it!
Two-bedroom flats for sale in Borehamwood at the development are priced from just £192,500 – and under FirstBuy can be accessed by an eligible first-time buyer for 80% of their full price – including a deposit as low as 5%, subject to status.
Christine Shea, Regional Sales Manager for Taylor Wimpey, says: “FirstBuy has been a huge success, with savvy first-time buyers quick to seize a welcome helping hand up onto the property ladder.
“We’re now offering a rare opportunity to secure a brand new home for less with FirstBuy at Oaktrees, so anyone hoping to take advantage of this great initiative should contact us without delay to avoid missing out!”
FirstBuy works through a joint loan of 20% from the Homes and Communities Agency (HCA) and Taylor Wimpey, which means that eligible purchasers only need put down a 5% deposit and obtain a 75% loan-to-value mortgage.
The loan is repayable at the end of the 25-year mortgage term or when the property is sold, and is interest-free for the first five years. To be eligible, purchasers must be first-time buyers and their total household earnings should be less than £60,000.
The Plot 67 ‘Cedars’ apartment, priced at just £192,500, for example, can be accessed for just 80% of its full price – that’s just £154,000 – with a deposit of as little as £9,625, subject to status.
This stylish apartment features a contemporary fitted kitchen and open-plan living/dining room, providing the perfect space for relaxing and entertaining and opening out to an attractive private balcony.
Two bedrooms, a main bathroom and a handy storage closet are also located off the private entrance hallway, while outside the property benefits from an allocated parking space.
Selected apartments at Oaktrees boast en-suite bathrooms to master bedrooms, while all properties enjoy access to a delightful communal terrace and are finished to a high-level specification including central heating, double glazing and fitted kitchen with integrated oven, hob and hood.
Oaktrees occupies the former Oaklands College site close to Borehamwood town centre and is just a stone’s throw from Elstree Studios.
The development is a commuter’s dream, with Elstree and Borehamwood railway station within easy walking distance, offering regular services to London St Pancras in less than 25 minutes. Located just within the M25, Borehamwood has excellent access to the M1, A1 and A41 into Central London.
Oaktrees is situated a short distance from a Tesco supermarket and Borehamwood Shopping Park, which includes Marks & Spencer Simply Food, Next and Boots.
Meanwhile, Brent Cross is just nine miles away, with 120 shops to choose from including John Lewis and Fenwick department stores.
Visit taylorwimpey.co.uk for more information.