Why rent when you can buy at Great Hall Park in Ellesmere Port
Leading local homebuilder Taylor Wimpey has noted that with a combination of steady house prices and the rising cost of renting it’s once again cheaper to buy than rent.
This will come as welcome news for first time buyers in Ellesmere Port as properties at the stunning Great Hall Park development are priced extremely competitively to allow purchasers to buy their first home with relative financial ease.
“Buying your first home can be quite daunting and many people still believe it’s cheaper to rent rather than buy. However, with interest rates continuing to remain low, monthly mortgage repayments are reported to be less than £275 for one of our two bedroom apartments at Great Hall Park, which is approximately £220 less than renting a similar sized property in the area according to independent financial advisers at Wise One,” states David Hnyda, regional sales manager for Taylor Wimpey North West.
David continues; “With the support first time buyers get from the FirstBuy scheme now really is a good time to buy. Why give all your hard earned cash to help pay for someone else’s mortgage when you can pay off your own for a lot less per month? I definitely recommend visiting Great Hall Park and talking to one of our experienced sales executives – you may be surprised by what you can afford!”
Designed to help first time buyers overcome the home buying hurdles, FirstBuy works through a joint loan of 20% from the Homes and Communities Agency (HCA) and Taylor Wimpey, meaning that eligible purchasers only need pay a 5% deposit and obtain a 75% loan-to-value mortgage. The loan is repayable at the end of the mortgage term or when the property is sold. To be eligible, purchasers must be first time buyers and the total household earning should be less than £60,000.
Using the FirstBuy scheme at Great Hall Park, a two bedroom apartment originally selling for £83,950, can be snapped up for as little at £67,196 with just a £4,198 deposit needed.
Great Hall Park is situated less than two miles from Cheshire Oaks McArthur Glen outlet village offering shopping galore, plus a huge choice of restaurants, a cinema, bowling centre, a bar and a nightclub. Closer to home you’ll also find the popular Blue Planet Aquarium and the renowned Boat Museum.
It is ideally positioned for Junction 9 of the M53 and you're less than a mile from Ellesmere Port train station. Regular services run to Chester, Birkenhead, New Brighton and West Kirby. Liverpool airport is approximately 23 miles away.
For more information, visit taylorwimpey.co.uk.