Get ‘Help to Buy’ a new home at Swallows Nest with a 5% deposit
Property-seekers in Coventry are being offered a superb opportunity to snap up a stunning new home for less with Taylor Wimpey.
The Government’s new Help to Buy shared equity scheme is now available at the leading housebuilder’s Swallows Nest development in Allesley, enabling homebuyers to secure any brand new property for just 80% of its full price – including a 5% deposit.
Under this helpful incentive, the Government provides eligible purchasers with an equity loan of up to 20% towards the cost of new-build homes priced up to £600,000. Help to Buy shared equity is available to both first-time buyers and existing property-owners looking to move home, and there is no salary cap for customers taking advantage of the scheme.
At Swallows Nest, an impressive three-bedroom ‘Wessex’ terraced house, for example, can be purchased through Help to Buy for 80% of its full £179,995 price – that’s just £143,996, including a 5% deposit of only £9,000.
Anne Wallace, Regional Sales and Marketing Director for Taylor Wimpey, says: “The Help to Buy scheme will make a huge difference to a range of would-be homebuyers in Coventry who can afford the monthly mortgage repayments on a new property, but not the hefty deposit.
“We’ve been receiving a great deal of interest in this exciting initiative since its launch at the beginning of April, so anyone hoping to secure their ideal new home for 80% of its full price at Swallows Nest should contact us without delay.”
Three-bedroom houses are priced from just £179,995 at Swallows Nest (from £143,996 under Help to Buy), while there’s also a superb selection of four-bedroom houses available from only £261,995 (80% Help to Buy prices from £209,596).
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.
As an alternative to Help to Buy shared equity, the Government-backed NewBuy scheme is also available at Swallows Nest, offering credit-worthy purchasers the opportunity to secure their ideal home with a 95% mortgage and a 5% deposit. Full details of all homebuyer incentives are available from the Sales Executive.
Situated off Browns Lane in the historic community of Allesley, Swallows Nest enjoys an enviable location within easy reach of excellent schools and a fine selection of pubs, restaurants and shops, making it the ideal choice for discerning home-hunters.
The development is located to the north west of Coventry's rejuvenated city centre, which offers a host of shopping, leisure, sports and entertainment opportunities – indeed, the city is in the midst of a £4 billion capital investment programme.
Junction 3 of the M6 is around five miles from the new homes, while the M40 and M42 are also just a short drive away. Coventry railway station is within easy reach for regular services to London Euston in around an hour and to Birmingham in less than 30 minutes.
Homebuyers hoping to take advantage of Help to Buy at Swallows Nest can visit the Sales Centre, located off Browns Lane, Allesley, Coventry, and open daily from 11am to 5pm. Alternatively, log on to taylorwimpey.co.uk/midlands.
