Snap up an Edgbaston property with a 5% deposit
Birmingham property-hunters can now secure their first home with just a 5% deposit when using FirstBuy at Highfield Gardens, Taylor Wimpey’s development of new flats for sale in Edgbaston.
First-time buyers have a fresh opportunity to snap up a stunning home for less at Highfield Gardens, Taylor Wimpey’s prestigious development of new apartments for sale in Edgbaston, Birmingham.
A brand new allocation of contemporary one and two-bedroom apartments to buy in Edgbaston is now available under FirstBuy, a Government-backed scheme that has been helping aspiring homeowners to step on the Edgbaston property ladder with just a 5% deposit since 2011.
This incredible incentive offers qualifying first-time buyers a chance to secure selected new flats to buy in Edgbaston for only 80% of their full price – including a deposit as low as £7,500, subject to status.
With the customer only requiring a 75% loan-to-value mortgage for their new home, they can access a much wider choice of deals from lenders offering more competitive rates with lower monthly repayments.
Anne Wallace, Regional Sales and Marketing Director for Taylor Wimpey Birmingham, says: “FirstBuy means aspiring homeowners no longer have to struggle to save the hefty deposits that are now required by many mortgage lenders – allowing them to snap up brand new Edgbaston flats for less.
“The fresh availability of this superb scheme is set to attract plenty of attention from would-be buyers, so anyone hoping to secure a stunning property in Edgbaston with a 5% deposit should contact us as soon as possible.”
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.
Under the scheme, one qualifying purchaser could secure a one-bedroom apartment at Highfield Gardens for 80% of its £149,995 full price – that’s just £119,996, including a 5% deposit of only £7,500, subject to status.
Alternatively, two-bedroom apartments at the development are available for 80% FirstBuy prices as low as £162,396 (full prices from £202,995).
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. Selected two-bedroom apartments also enjoy en-suite facilities to master bedrooms.
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.
First-time buyers can find out more about the new allocation of FirstBuy at Highfield Gardens by visiting the Sales Centre, located off Highfield Road, Edgbaston, Birmingham, B15 3ED, and open daily from 10am to 5pm. Alternatively, log on to taylorwimpey.co.uk/midlands.
