New scheme for ‘second steppers’ in Wrexham

Local housebuilder Morris has launched a new scheme for people in Wrexham who are selling their home for the first time.

According to figures from Lloyds TSB, the majority (61%) of people trying to sell their first home are waiting more than a year for a buyer. These so called ‘Second Steppers’ can’t move up the property ladder and buy a new house until they’ve sold their existing property.

Morris’ new 110% part exchange scheme solves this problem as it provides a guaranteed buyer and helps sellers avoid unreliable property chains. It’s available at the Penmere Park development at Oakwood Park – an exclusive development of just 50 homes.

Under the initiative, the company will purchase a homeowners’ property for its full market value, plus an additional 10%, if they buy a new Morris home.

Regional sales director for Morris, Chris Minshall, said: “We know that finding a buyer can be one of the most daunting aspects of the moving process.

“One in five first homeowners even believe it is harder to move up the ladder than it is to get on it in the first place.

“By taking advantage of our part exchange scheme, househunters can make their move within a matter of weeks and use the extra 10% to cover moving costs or other expenses.”

There are currently a range of four-bedroom homes available at Penmere Park under the part exchange scheme with prices starting from £239,750. It has proven popular with families due to the nearby Maelor High School and several excellent primary schools.

For more information, visit morrishomes.co.uk.