Secure a new home in Edgbaston with a 5% deposit
Taylor Wimpey is offering first-time buyers an opportunity to secure a stunning new apartment in Edgbaston at its Highfield Gardens development – without having to scrape together a hefty deposit.
The fantastic Government-backed FirstBuy initiative allows qualifying purchasers to purchase selected one and two-bedroom Taylor Wimpey flats in Edgbaston for 80% of their full price – including a 5% deposit, subject to status.
With prices starting at just £149,995 for the range of exceptional contemporary properties in Edgbaston available under this helpful initiative, first-time buyers could grab their first home with a deposit as low as £7,500, potentially saving them months or even years of hard saving.
These new homes for sale in Edgbaston are proving hugely popular and 10 properties have already been snapped up ahead of the launch of the show apartment in October – so would-be buyers are urged to hurry if they hope to secure their perfect plot.
Anne Wallace, Regional Sales and Marketing Director for Taylor Wimpey, says: “With many mortgage lenders still insisting on large deposits on the open market, the first rung of the property ladder remains out of reach for a large number of first-time buyers. Thanks to FirstBuy, however, it couldn’t be easier for would-be homeowners to secure their ideal property in Edgbaston.
“There’s a strictly limited number of apartments for sale in Edgbaston with this superb incentive, so anyone interested in this quick and easy way to secure their first home should get in touch before it’s too late.”
FirstBuy works through a joint loan of 20% from the Homes and Communities Agency and Taylor Wimpey, which is repayable at the end of the 25-year mortgage term or when the property is sold. To be eligible, purchasers must be first-time buyers and their total household earnings should be less than £60,000.
A one-bedroom apartment, for example, can be secured by a qualifying purchaser with FirstBuy for 80% of its £149,995 full price – that’s just £119,995, including a 5% deposit of only £7,500, subject to status.
Alternatively, a first-time buyer could purchase a two-bedroom apartment with en-suite master bedroom with an 80% FirstBuy price of only £155,995 (full price £194,995), including a 5% deposit of £9,750.
Each apartment at Highfield Gardens benefits from a large open-plan lounge/kitchen/dining room, good-sized bedrooms and a main bathroom off the internal entrance hallway, with allocated parking and secure cycle storage outside.
The development enjoys a prime location in Edgbaston, and offers the chance for homeowners to attain a wonderful balance between their work lives and leisure time.
Simpsons Michelin-starred restaurant, ambient gastro pubs, numerous shops and a popular delicatessen are all within a one-mile radius of the development, putting a broad range of amenities on residents’ doorsteps.
Edgbaston is well established as a centre of sporting excellence, with Warwickshire County Cricket Club, the Priory Tennis Club and the Edgbaston Golf Club all located in the neighbourhood, while a number of leading private and independent schools are located nearby.
The Bullring and Mailbox shopping centres are both less than two miles from Highfield Gardens, while Birmingham city centre offers an abundance of restaurants, bars and entertainment venues.
Two railway stations – Five Ways and University – provide commuters with fast, direct services into the city centre, and drivers will appreciate that the A38 can be easily reached for links across the Midlands and to the motorway network.
To find out more about securing a new apartment with FirstBuy at Highfield Gardens, property-seekers should visit the Sales Centre, located off Highfield Road, Edgbaston, Birmingham, B15 3ED, and open daily from 10am to 5pm. Alternatively, visit taylorwimpey.co.uk/midlands.
