Two month deadline for first time buyers in Middleton

Local housebuilder Morris is advising struggling first-time buyers in Middleton to take advantage of the government-led FirstBuy scheme before it runs out on the 28th February.

The scheme, which is available at Morris’ East Gate development on Victoria Avenue East and the Sovereign Gate development on Manchester Old Road, means buyers only have to put down a five per cent deposit and reduces their monthly mortgage repayments as they purchase their new home at 80 per cent of its market value.

With recent figures from the Building Societies Association (BSA) showing that a quarter of potential first-time buyers think it will take them ten years or more to raise a deposit, the FirstBuy scheme prevents this and poses an affordable route onto the property ladder.

Chris Minshall, regional sales director for Morris, said: “The BSA figures show that raising a deposit has been the biggest barrier to property ownership since September 2010.

“However, schemes like FirstBuy mean there has never been so much support on offer for people looking to take that first step and we urge as many people as possible to visit East Gate or Sovereign Gate to find out how they can benefit from it."

East Gate and Sovereign Gate are both located close to Middleton town centre and have good transport links Manchester city centre. Under the FirstBuy scheme apartments at East Gate are priced from £79,800 while two-bedroom houses at Sovereign Gate start from £118,200.

For more information, visit morrishomes.co.uk.