Taylor Wimpey proves it’s cheaper to buy than rent

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 Blackley as properties at the stunning Millers Brow development are priced extremely competitively to allow purchasers to buy their first home with relative financial ease.

“With interest rates continuing to remain low, monthly mortgage repayments are reported to be £272 for one of our two bedroom apartments at Millers Brow, which is approximately £223 less than renting a similar sized property in the area according to independent financial advisers at Wise One UK,” states Stephen Grant, regional sales manager for Taylor Wimpey North West.

He adds: “Because of this we’re seeing a great number of new visitors to the Millers Brow development, all looking to take their first step onto the property ladder into a sizeable brand new home instead of being caught out by having to live in smaller rental accommodation.”

Taylor Wimpey is offering the 80 per cent shared equity scheme FirstBuy on several of its two, three and four bedroom properties at Millers Brow, which have been impressing first time buyers and families alike who are looking for somewhere truly special to call home. This means prices start from as little as £67,960 through the scheme and homebuyers only need to find a five per cent deposit of £4,248.

Stephen concludes: “Due to the continual success of our properties at Millers Brow we now have limited selection of properties available through the FirstBuy scheme, so I’d urge those looking to invest in bricks and mortar, to visit us before they potentially miss out on an affordable yet spacious new home.”

Millers Brow benefits from a fantastic location being less than three miles from Manchester city centre and close to North Manchester Business Park and the M60, perfect for commuters. Those who love the outdoors can enjoy nearby attractions including Blackley Forest, Nutbank Common and Greater Manchester’s largest park Heaton Park.

For further information about Millers Brow, visit taylorwimpey.co.uk.