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Secure a Brownhills property with a 5% deposit

7th March 2013 Print
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West Midlands property-hunters have the chance to secure their first home with just a 5% deposit by using FirstBuy at Silver Waters, Taylor Wimpey’s development of new homes for sale in Brownhills.

First-time buyers can take advantage of a brand new opportunity to snap up a stunning home for less at Silver Waters, Taylor Wimpey’s popular development of new houses for sale in Brownhills, West Midlands.

A fresh allocation of stylish new properties is now available with FirstBuy at the development of new houses to buy in Brownhills, offering aspiring homeowners an exciting chance to secure selected plots for 80% of their full price – including a 5% deposit as low as £9,000, subject to status.

With the customer only requiring a 75% loan-to-value mortgage for their new property in Brownhills, they can access a much wider choice of deals from lenders offering more competitive rates with lower monthly repayments.

Interest is high in this incredible incentive, so first-time buyers are being urged to hurry or risk missing out on an affordable way to become a homeowner at Silver Waters.

Anne Wallace, Regional Sales and Marketing Director for Taylor Wimpey Brownhills, says: “Many first-time buyers struggle to take that important first step on the Brownhills property ladder because of the hefty deposits often required by mortgage lenders – but FirstBuy offers them an easier way to secure their dream place.

“There is only a limited selection of properties for sale in Brownhills available under this superb scheme, so anyone hoping to secure a new home at Silver Waters with a 5% deposit will have to be quick!”

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.

The three-bedroom ‘Wyevale’ semi-detached house, for example, can be secured by a qualifying first-time buyer for 80% of its £179,995 full price – that’s just £143,996, including a 5% deposit of only £9,000, subject to status.

Alternatively, the three-bedroom ‘Ashton’ terraced house is also available for an 80% FirstBuy price of £143,996 (full price £179,995) at Silver Waters, while there’s also a choice of four-bedroom detached homes on sale from £229,995.

All new homes at the development are completed to a high standard specification, including energy efficient central heating, double glazing and a fitted kitchen with integrated oven, hob and hood.

Silver Waters is an exceptional collection of just 36 private homes from Taylor Wimpey Midlands, the award-winning housebuilder which has collected six Pride in the Job Quality Awards from the National House-Building Council (NHBC) for developments across the region in 2012.

The development is at the forefront of the exciting regeneration of Brownhills, and benefits from a convenient location within easy reach of a host of town centre amenities, including independent and high street shops, cafes and restaurants, and a large Tesco superstore.

Just a short stroll from the development are the green open spaces of Holland Park, Chasewater Country Park and the rolling Staffordshire countryside, as well as the scenic towpaths of the Wyrley and Essington Canal. Meanwhile, nearby Cannock Chase offers acre upon acre of forest, woodland and parkland for walking, cycling and wildlife watching.

Schools for children of all ages are located close to the new homes, while commuters will appreciate the town’s good public transport links and close proximity to the A5, the A461, the M6 Toll and the M6 for connections around the Midlands.

First-time buyers can find out more about securing a brand new home for less at Silver Waters by visiting the Sales Centre, located off Silver Street, Brownhills, WS8 6EB, and open daily from 10am to 5pm. Alternatively, log on to taylorwimpey.co.uk/midlands.

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