A rent free route for first-time buyers in Annesley with Morris

Househunters in Annesley looking to escape rising rental costs are being offered a solution by local housebuilder Morris Homes at its exclusive new development.

With the average UK rent now at £709 per month*, Morris can help first-time buyers step onto the property ladder at its stylish Newstead Grange development on Newstead Road.

With many first-time buyers struggling to afford the large deposit needed to move into home ownership, the Government-led FirstBuy scheme available at the development is a helpful initiative that allows new homeowners to purchase a property for 80 per cent of its market value.

Cindy Vials, regional sales director at Morris Homes, said: “FirstBuy offers first-time buyers an escape route from rising rent costs and a way onto the property ladder that allows them to benefit from lower mortgage repayments.”

The new build homes at Newstead Grange prove cost-effective for househunters because they are built to stricter sustainability and energy efficiency standards, reducing households bills in the long-term, and do not require the same renovations as second hand houses.

Properties at Newstead Grange offer fantastic access to Nottingham and Derby for commuters, and the local bus service stops alongside the development for an easy journey to nearby leisure facilities.

Cindy added: “The homes are conveniently located near the motorway network and the desirable location has seen a flurry of interest in the high quality properties at Newstead Grange.”

Morris has a selection of three-bed properties available at Newstead Grange starting at £118,200 with FirstBuy or available from £147,750 without the scheme.

Visit morrishomes.co.uk for more information.

*Data from LSL Buy-to-let Index May 2012.