Help the kids step on the property ladder at Longford Park, Banbury
Parents are being urged to consider how much it is worth to help their grown-up children fly the nest thanks to the fantastic Help to Buy scheme at Taylor Wimpey’s popular Longford Park development in Banbury, Oxfordshire.
According to the Home Builders Federation, close to a fifth of women and a third of men aged 20 to 34 are living at home with their parents, with 3.3 million 20 to 34-year-olds still living in their family homes – but there is help at hand.
Help to Buy enables eligible first-time buyers (as well as those with a property to sell) to access a Government loan for up to 20% of their new home’s full price, so they only require a 75% loan-to-value mortgage and a deposit as low as 5%.
With two-bedroom apartments at Longford Park priced from £205,000, this means first-time buyers can secure their new home with a mortgage of £153,750 and a deposit of £10,250 – much less than they, or their parents, might have imagined. What’s more, they only need a £99 reservation fee.
Nikki Gibson, Sales and Marketing Director for Taylor Wimpey Oxfordshire, says: “The housing market can be frustrating for young people who want to buy a place of their own, but with Help to Buy – and a little support from the Bank of Mum and Dad – securing a home at Longford Park couldn’t be easier.”
Two-bedroom ‘Banbury House’ apartments currently on sale at Longford Park are ideal for first-time buyers, with a fitted kitchen including a washer/dryer and carpets throughout, provided for no extra cost.
Each apartment features a wonderful dual-aspect open-plan kitchen/living/dining room that’s filled with natural light and is perfect for relaxing and entertaining alike. Two double bedrooms mean there’s also plenty of space for guests to stay, while there’s allocated parking outside.
Help to Buy is available on new-build homes up to the value of £600,000 and there’s no salary cap for purchasers taking advantage of the scheme.
Longford Park offers a lovely combination of beautiful countryside and a relaxed lifestyle. Banbury’s thriving town centre is just two miles away, and offers a wealth of great independent shops, designer stores, a twice-weekly market and an array of pubs and restaurants.
The development is also well-located for commuters, with the M40 within easy reach and Banbury railway station offering regular services to London, Birmingham, Leamington and Oxford.
To stand a chance of helping the kids step on the property ladder at Longford Park, property-seekers should visit the Sales Information Centre, located off Oxford Road, Banbury, OX15 4FX, and open daily from 10am to 5pm (Mondays 1pm to 5pm). Alternatively, visit taylorwimpey.co.uk.
