New homes for under £60k in Northgate

While many local homebuyers still believe that they are priced out of the property market, housebuilder George Wimpey has properties from just £59, 497, with no deposit necessary, through the HomeBuy Direct scheme at its Blackley development Northgate.

On Saturday 6th and Sunday 7th June, George Wimpey’s HomeBuy Direct specialists will welcome visitors to the development off Waterloo Street in Blackley, to learn more about the scheme which has already helped a host of local buyers onto the property ladder.

The HomeBuy Direct scheme is aimed at helping purchasers with a household income of less than £60,000 afford the home they want. An interest free equity loan is available for up to 30 percent of the value of the property, co-funded by the Homes and Communities Agency and George Wimpey.

No interest is charged on the equity loan for the first five years* and the purchaser has to contribute the remaining equity, through an agreed mortgage**. Buyers are also able to pay off the equity loan in instalments at any stage after the first 12 months or sell their HomeBuy property*** if they wish.

Anita Williams, field sales manager for Northgate, says: “The homes at Northgate are beautiful and with the HomeBuy Direct scheme they are within the reach of a lot of homebuyers. This weekend is all about informing visitors about the scheme and how it could help them – in many cases it can help people who are looking to buy a new home but did not think they would be able to afford it.

“If you are trying to buy your first home, then please drop by and have a chat with us and see what we can do for you.”

Northgate’s selection of two bedroom apartments and three and four bedroom detached and townhouse properties, as well as its close location to Manchester city centre and the local leisure facilities of Boggart Hole Clough and Heaton Park, make it the ideal place for first time buyers.

Northgate is perfectly located for commuters. Conveniently situated just off the A664 and near to the M60 ring road, the development offers easy access to both the city centre and the national motorway network.

For more information on HomeBuy Direct and the range of properties available at Northgate, visit the sales information centre off Waterloo Street, open Thursday to Monday from 10am until 5.30pm. Alternatively visit georgewimpey.co.uk.

*No fee charge for the equity loan for the first five years but a fee will be charged from year six onwards.
**Agreed mortgage could be agreed with any lender regulated by the Financial Services Authority
***Buyers can sell their HomeBuy property on the open market. The equity loan needs to be repaid by way of the share of the sale proceeds.