Take the direct route to a new home

Buying a new home of their own is a possibility for thousands of people previously priced out of the market thanks to a new Government backed scheme. The HomeBuy Direct scheme will see home owners benefiting from an interest-free equity loan up to 30% of the purchase price on a wide range of Crest Nicholson homes, including those at Camelot Gardens in Ruddington.

Interest-free for the first five years, the equity loan will be funded jointly by the Government and Crest Nicholson.

First time buyers, key workers, people re-entering the property market after a relationship break-up and families facing overcrowded accommodation are among those who can apply for these homes – provided annual household income is less than £60,000.

Set on Camelot Street, Camelot Gardens has something to suit everyone from families looking for a spacious home to downsizers, looking for a low maintenance lifestyle.

Amanda Benjamin, area sales manager for Crest Nicholson (Midlands) said: “With its village location and rural surroundings, Ruddington is an idyllic setting for families, or for anyone who wants to be part of a traditional community where history, nature and beautifully designed new homes wonderfully combine.”

Despite a strong village feel, Ruddington still has plenty to offer the modern family, including shops, pubs, a medical centre and dentists as well as primary and secondary schools.

Elsewhere, Rushcliffe Country Park and Ruddington Grange Golf Club are on its doorstep and Sherwood Forest is within easy reach.

And when it’s time for a night on the tiles, Ruddington is only five miles away from Nottingham city centre and offers easy access to other Midlands cities, the M1 and Nottingham East Midlands Airports.

Camelot Gardens comprises a range of two, three and four-bedroom houses. Prices range from £119,950 to £274,950.

Those keen to take advantage of HomeBuy Direct can register their interest now via Crest Nicholson’s website.

Customers will own 100% of their home from day one – but only have to pay between 70 and 85% of the purchase price. They can start purchasing the remaining share in instalments after just 12 months and, because the Government and Crest Nicholson will share any equity depreciation as well any appreciation, in a falling market the scheme provides an extra cushion for the homeowner against negative equity.

Amanda adds: “Our ability to match the Government pound for pound to provide the 30% equity loan marks a great opportunity for people to make that dream move. In the much documented current financial climate, this is defiantly one of the best ways to get onto the property ladder.”

For more information log on to Crestnicholson.com/camelotgardens.