Help is at hand for first time buyers
A Runcorn resident has been given a helping hand onto the property ladder at Taylor Wimpey North West’s popular The Deck development, thanks to the house builder’s shared equity scheme, FirstBuy.
Alyn Bear had been renting an apartment at The Deck and believed home ownership was simply out of his reach. But thanks to FirstBuy, Alyn and his partner Ken have now moved into a brand new two bedroom apartment at the house builder’s development in Runcorn.
Alyn explains: “Moving onto the property ladder just wouldn’t have been possible without FirstBuy. I’d been looking for about a year and viewed a lot of apartments but everything required a 20% deposit – something which I simply couldn’t afford. Just as I was coming to terms with not being able to buy my first home I discovered Taylor Wimpey’s FirstBuy scheme.
“I really couldn’t believe all I needed was a 5% deposit – if I didn’t have this option available to me I would never have been able to afford a property. Linda and Marie - the sales advisers at the development – were so helpful, they explained the scheme very well, answered all of my questions and made home ownership a reality.”
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, which means eligible purchasers only need contribute 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.
The Deck is a new collection of modern apartments that offer a not-to-be missed opportunity to both first time buyers, young professionals and investors. Priced from £69,950, or from as little as £55,960 through FirstBuy*, these attractive housetypes provide the perfect combination of well designed living accommodation, affordable prices and a sought after location.
Alyn adds: “Our apartment is fantastic – it’s nice and modern and very spacious, while the waterfront location offers stunning views across the Mersey. I’d certainly recommend The Deck to any first time buyers, and with FirstBuy buying here couldn’t be easier.”
The Deck is located near to the centre of the old town, enjoying communal recreational areas and a range of retail facilities, with the city of Liverpool just 16 miles away and Chester and Manchester also within easy reach.
For further information, visit taylorwimpey.co.uk.
