Secure a new home in Basingstoke for just £8,750
Taylor Wimpey, the housebuilder behind the Limes Park development of new properties in Basingstoke, has the solution for parents who are still providing a home for their grown-up kids.
With rising property prices and mortgage providers asking for hefty deposits, it’s no surprise that first-time buyers are finding they’re forced to stay in the family home because they can’t afford to buy their own property in Basingstoke.
Fortunately, Taylor Wimpey has introduced the Government-backed NewBuy 95% mortgage scheme at its Limes Park development of houses and apartments in Basingstoke to help these overgrown offspring fly the nest with just a 5% deposit.
With prices for this selection of stylish flats in Basingstoke starting at just £175,000, this means parents could potentially get rid of the kids by providing a deposit from as little as £8,750!
Tim Betts, Regional Sales and Marketing Director for Taylor Wimpey, says: “Would-be homeowners are finding it increasingly difficult to secure new homes in Basingstoke, with the average age of a first-time buyer now an all-time high at 37, and the average deposit required to secure a first home now well in excess of £60,000.
“It’s no surprise, then, that increasing numbers of people are choosing to enjoy those home comforts for longer – which may work out well for them, but isn’t necessarily as much fun for their parents!
“Thankfully, NewBuy makes it easier for credit-worthy purchasers to access 95% mortgages, which means they require only a 5% deposit – and this may well be considered a price worth paying for parents looking to help their kids to strike out on their own.”
The beautiful two-bedroom first-floor Plot 252 apartment is just one of the high quality designs available at Limes Park, priced at just £175,000.
It features a spacious open-plan kitchen/living/dining room, plus an en-suite master bedroom, a further double bedroom, a main bathroom and a handy storage closet located off the internal entrance hallway. Outside, the property benefits from two allocated parking spaces.
Alternatively, the superb selection of homes at Limes Park includes the two-bedroom ‘Pegg’ coach house apartment from just £200,000 and a choice of four-bedroom properties from only £274,995.
All properties at the development are completed to a high standard specification, including energy efficient central heating, double glazing and a fitted kitchen with integrated oven, hob and hood.
Limes Park is located on the north-western fringes of Basingstoke with the town centre just two miles from the development.
Basingstoke itself combines historical influences with bustling modern shops and exciting leisure pursuits, while Festival Place shopping centre comprises more than 150 shops, restaurants, bars and cafés.
The town is also home to a choice of music venues, multi-screen cinemas, tennis courts, a leisure park, sports clubs, an ice rink, a swimming pool and bowling alleys. The open countryside is also just a stone’s throw away, offering nature trails and opportunities for woodland walks and cycling.
Visit taylorwimpey.co.uk for further information.