Younger buyers are investing in new homes in Prescot

A recent Government survey has revealed that one in three homeowners are over 65 and that 35% of people are forced to rent, but Taylor Wimpey has homes in Prescot that are bucking this trend and proving to be popular with younger buyers due to their affordability.

According to the survey, published by the Department for Communities and Local Government, it is cheaper to pay a mortgage than it is to privately rent a home, which Taylor Wimpey has found to be the case for many local younger home hunters. The study revealed that while the average private renter is paying £164 per week to line their landlord’s pocket, the homeowner is only paying £142 to pay off their mortgage.

Lynne Vogel, regional sales manager for Taylor Wimpey North West, said: “Younger buyers have a great opportunity in the current market to get onto the housing ladder. We are offering the new Help to Buy scheme at Speakman Gardens, which is making it easier for young people to secure an affordable mortgage and as a result our starter homes are increasingly popular.”

Under the Government backed Help to Buy scheme, eligible purchasers can get a 20% equity loan, meaning they only need to pay a deposit of 5% and secure a 75% mortgage.

There is a stylish collection of new homes available at Speakman Gardens. The new two bedroom Hartingdale and Camden apartments include an open plan kitchen/living/dining area and a main bathroom. They also come with parking. Apartments start at £86,995 and through Help to Buy buyers need only put down a 5% deposit of just under £4,350.

Speakman Gardens is ideally located just a short walk from the high street shops of Prescott and Liverpool is just eight miles away offering a wider range of shops, leisure activities and nightlife.

For further information on Speakman Gardens and the schemes on offer, visit the marketing suite, open daily between 11am and 5.30pm, or log onto taylorwimpey.co.uk/speakmangardens.