Two month deadline for first time buyers in Burton-upon-Trent

Local housebuilder Morris is advising struggling first-time buyers in Burton-upon-Trent to take advantage of the government-led FirstBuy scheme before it runs out on the 28th February.

The scheme, which is available at Morris’ Paget Green development on Horninglow Road, means buyers only have to put down a five per cent deposit and reduces their monthly mortgage repayments as they purchase their new home at 80 per cent of its market value.

With recent figures from the Building Societies Association (BSA)* showing that a quarter of potential first-time buyers think it will take them ten years or more to raise a deposit, the FirstBuy scheme prevents this and poses an affordable route onto the property ladder.

Cindy Cade, regional sales director for Morris, said: “The BSA figures show that raising a deposit has been the biggest barrier to property ownership since September 2010.

“However, schemes like FirstBuy mean there has never been so much support on offer for people looking to take that first step and we urge as many people as possible to visit Paget Green to find out how they can benefit from it."

Properties at Paget Green are just minutes from essential amenities on the Burton-upon-Trent high street, and have great access to local commuter links. Under the FirstBuy scheme homes at the development are priced from £77,400 and cost £96,750 without the scheme.

For more information, visit the sales office (Horninglow Road, Burton-upon-Trent, Staffordshire, DE14 2PS), or log on to morrishomes.co.uk.