New scheme opens up property market at Avante

First time buyers in Coxheath, Kent struggling to get a footing on the property ladder have been thrown a much needed lifeline. This Saturday (9th May) the award-winning housebuilder Crest Nicholson in conjunction with the Government is preparing to launch HomeBuy Direct at its eco-friendly Avante development.

From 10am to 5pm this Saturday, first time buyers in the area will be given the opportunity to take advantage of the scheme where they will be able to purchase a stylish apartment for only 70% of the price.

HomeBuy Direct is a brand new initiative designed to be a ‘stepping stone’ to home ownership. With the scheme, first time buyers are able to secure a brand new home at Avante for just 70% of the property’s asking price upfront, making an attractive two bedroom apartment at the development priced at £165,000, an affordable £115,500 with HomeBuy Direct.

Under HomeBuy Direct, purchasers will own 100 per cent of their new home from day one and the remaining 30 per cent of the property’s market value is funded by an interest free* “equity loan”, jointly financed by Crest Nicholson and the Government. The remaining equity loan does not need to be paid back for the lifespan of the mortgage or until the property is sold; whichever comes sooner.

Annette Cole, Sales and Marketing Director, Crest Nicholson (Eastern) Ltd. commented: “HomeBuy Direct is a fantastic scheme that will give first time buyers the purchasing power to invest in a home of their own. We anticipate that HomeBuy Direct will really open up the market in this area particularly to those who have been finding it difficult to get the funding. By visiting Avante this Saturday, new homebuyers will be able to find out how HomeBuy Direct will be able to help them purchase a stylish new apartment at a price that they can afford.”

Avante is an innovative collection of 150 one and two bedroom apartments and two, three and four bedroom houses that are pushing the boundaries of sustainable living. Architecturally the homes are ultra contemporary and as well as offering home working facilities they have been designed to reduce the consumption of energy and water.

Located in Coxheath in Kent, Avante is situated near Maidstone. Well positioned, the development is situated a few miles from the M20. For further information about Avante visit crestnicholson.com. Prices for a home at Avante start from £145,000 for a one bedroom apartment.