Great Easthall scheme gets first-timers moving

A special Government scheme called HomeBuy Direct has been launched at Bryant Homes’ Great Easthall development in Sittingbourne. The new initiative, which has only just been launched nationally, will help first time buyers get on the property ladder with an interest free equity loan.

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 Bryant. For example, the initiative means that if you qualify for a mortgage of £140,000, you could buy a property worth up to £200,000.

Mark Pajak, Regional Sales and Marketing Director, comments: “The new HomeBuy Direct scheme is a great way for purchasers to afford their first home. It’s designed to overcome the hurdles of high mortgage costs and larger deposits, which we know are preventing many people from buying. There are 10 homes available through the scheme at the site and we anticipate that interest for them will be high. It’s definitely worth visiting the marketing suite to see what Great Easthall has to offer.”

David Edwards, Regional Director at the Homes and Communities Agency said: “Through HomeBuy Direct the HCA is offering a golden opportunity for local people who have been priced out of the property market. Our £400 million investment nationally will also act as an important stimulus to help restore confidence in the housing market.”

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*.

Great Easthall enjoys an excellent position in the lively market town of Sittingbourne, home to a good selection of major high street stores, pubs and restaurants to suit all tastes and nearby Faversham, Maidstone and the Medway towns of Chatham, Gillingham and Rochester widening the choice of shopping, sporting and leisure attractions.

The area is home to a good choice of schools, while commuters will appreciate easy access to the A2, the M2 and M20 and regular services from Sittingbourne station – just a short walk away – to both London Victoria and Gatwick airport.

All new homes available at the development enjoy a high standard specification including gas central heating, double glazing and a fitted kitchen with built-in oven, hob and hood, with prices for three-bedroom properties starting at £167,495, and four-bedroom homes from £189,995. A range of apartments are coming soon.

For more information on HomeBuy Direct and the range of properties available at Great Easthall, log on to Bryant.co.uk.

* Terms and conditions apply.