Sales success story at Scholars Walk

Taylor Wimpey Southern Counties has cause for celebration following a flurry of sales at its popular Scholars Walk development in Portsmouth.

Since launching a stunning range of two bedroom apartments in January, Scholars Walk has been a real hit with house buyers with 14 of the 22 plots already sold.

The two bedroom apartments, priced from just £137,000, have been particularly popular with first time buyers struggling to get on the property ladder as Taylor Wimpey is offering to contribute 5% towards the deposit required, through the Government-backed FirstBuy scheme.

Sarah Pasco, regional sales director for Taylor Wimpey Southern Counties, said, “Scholars Walk has been a huge success story with first time buyers. With FirstBuy we’re making dreams of home ownership a reality and offering an affordable way of getting onto the property ladder.

“These final remaining apartments are modern and stylish, making them a perfect fit for young couples or friends looking to buy together. So if you’re tired of living with mum and dad or fed up of handing over your hard earned cash to your landlord each month, visit Scholars Walk and find out if our FirstBuy scheme could help you!”

FirstBuy works through a joint loan of 20% from the Homes and Communities Agency (HCA) and Taylor Wimpey, which means that you only need put down 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, you must be first time buyers earning a household income of less than £60,000.

Set in the popular residential area on land that once was part of Highbury College, Scholars Walk is a carefully designed collection of apartments and houses that would be suitable for first time buyers, growing families, downsizers and investors alike.

In addition to the range of two bedroom apartments, Scholars Walk currently has available a collection of four bedroom houses, with prices starting from £225,000.

For further information, visit taylorwimpey.co.uk.