Miller Homes frees up space on over 300 West Midlands' sofas

Miller Homes West Midlands is celebrating after helping more than 300 first time buyers onto the property ladder in the last five years, freeing up space in parent’s homes across the region.

Since 2008, the award-winning housebuilder has opened the door to 302 first homes at developments in Staffordshire, Gloucestershire, Birmingham, Coventry and Shropshire.

As Pat Kimber, sales manager at Miller Homes West Midlands, comments, many of those individuals were living with their parents to save money:

“In affect, we’ve helped over 300 parents reclaim their sofas, giving them back the luxury of space!

“But on a more serious note, this figure highlights the fact that getting onto that all important first rung of the property ladder is not unachievable. Yes, it involves a degree of saving, but there are different purchase options available to help overcome the deposit gap and offer a flexible way of buying a quality new home.”

One such incentive is the newly launched Help to Buy scheme, unveiled in this year’s budget. As part of the initiative, buyers who only have a small deposit of 5% are offered assistance. A 20% equity loan is provided from the Government for those who meet the qualifying criteria, meaning buyers only need to secure up to a 75% mortgage from a bank or building society.

One option available to first time buyers is the two-bedroom Medway style property at the Miller Point development in Coventry. Priced from £133,950, this contemporary house is the perfect place to set up home.

“With schemes such as Help to Buy, we expect the number of first time buyers we’re able to help to increase over the coming months and years,” added Pat. “Any parents needing extra space on their sofas need to highlight just how easy it can be for their offspring to take their first steps into the property market.”

For more on Miller Homes developments across the West Midlands, visit millerhomes.co.uk.