Make a new start in a new home in Leicester in 2015
Homebuyers in Leicester can forget about January sales – they can bag a high specification new home at a price that’s easy to afford thanks to Help to Buy and stamp duty changes.
Research from online estate agent eMoov.co.uk suggests that when it comes to buying a new home, 40% listed house prices as a deterrent. But with the availability of Help to Buy on all new Redrow homes at Nightingale Gardens, they could be pleasantly surprised. The Government-backed scheme makes homeownership easier to afford with the offer of an equity loan for up to 20% of the price.
Tonia Tyler, sales director for Redrow Homes (South Midlands), explains: “For those who’ve decided that they will either buy their first home in 2015 or move to somewhere new, a visit to Nightingale Gardens is a must. Homes here have been selling fast and in response to demand we’ve just released a number of properties onto the market including a choice of three and four-bedroom designs.
"While lots of people are keen to buy here, they may not realise that Help to Buy is available and could make a considerable difference to their borrowing power. Typically someone buying in this way should only need a relatively small deposit of around 5%, plus a 75% mortgage from their chosen lender. The remaining 20% share is covered by the equity loan, which is interest free for five years.”
Current availability at Nightingale Gardens includes a three-bedroom Letchworth priced from £201,950 and a four-bedroom Shrewsbury from £324,950.
With Help to Buy, the Shrewsbury could be snapped up for an initial outlay of £259,960 including a deposit of around £16,248.
In a win-win for home buyers, the amount of stamp duty payable on the Shrewsbury will also be less following changes announced in the Chanceller’s Autumn statement.
The stamp duty changes just announced will mean a saving of £3,500 on a four-bedroom home priced at £324,950 compared to the old regime.
A detached home with integral garage, the Shrewsbury features a spacious lounge to the front with an open plan kitchen and dining room, plot utility and cloakroom to the rear.
Upstairs, the master bedroom benefits from an en-suite with the remaining three bedrooms sharing the family bathroom.
Despite the low price, those who purchase a new home at Nightingale Gardens will still benefit from Redrow’s high standard specification. All of the homes hail from the housebuilder’s Heritage Collection, which marries Arts and Crafts style exteriors with contemporary interiors, ideal for those who don’t want to embark on any big DIY projects as soon as they move in.
To find out more about the homes available at Nightingale Gardens, visit the showhomes, open daily from 10am to 5.30pm. Alternatively, see redrow.co.uk/nightingale.
