Easy steps up the property ladder

The window of opportunity on buying a new home at the bottom of the market may be closing. Confidence is returning as house prices have shown slight increases over the last three months says Miller Homes.

For the present they remain more affordable than they have been in decades. With new buying schemes available, the first step onto, or even up the property ladder, may have never been so easy.

It is never far from the news, just how hard it is to buy a new home – with the mortgage market tight and the big deposits required barring people from home ownership. But, with the right help, homes are now more affordable than they have been in years, says Jacqui Gutteridge, Sales Consultant for Miller Homes at Connaught Green in Anfield.

“It is true that most mortgage lenders are demanding very high deposits. The best deals are only there for people who can put down in the region of a 25% deposit – but this is way out of the reach of the vast majority of buyers. For first time buyers it can be a real struggle” says Jacqui.

“This is a real shame as interest rates are historically low and there are still some very strong fixed rate offers available. And, of course, house prices have dropped dramatically in the past couple of years, so homes are much more affordable now.

“The smart move is to take advantage of the interest rate and house price drops, whilst being able to navigate around the mortgage market’s tightness.”

Jacqui is offering more than a market analysis, though. She offers an innovative solution to the mortgage problem – to allow people who qualify a way forward to take advantage of the low market prices.

“We are working with the government to offer Homebuy Direct at Connaught Green” she says. “This scheme provides an interest-free loan of up to 30% of the property value for the first 5 years – and then the interest on the loan is capped for up to 20 more years. Partly financed by public money and partly by Miller Homes, it allows qualifying buyers to own 100% of the property from day one – but to have, in effect, up to a 30% deposit. Allowing access to the best deals on the mortgage market.”

From March to date, Miller Homes has taken a very high number of reservations with Homebuy Direct. This is over one fifth of all the reservations on the scheme. The Homebuy Direct credentials offer further reassurance for people who choose Miller Homes for this stepping stone process to home ownership.

Jacqui’s expertise helps guide the home buyers through the Homebuy Direct application, pre-qualification and the property selection process. “This is a very popular scheme and so we know how it works best for people. We will work with the home buyer at every step of the way, to ensure that they get the very best deal. For example, at the moment, you could buy one of our spacious 3 bedroom ‘Tarporley’ family homes at Connaught Green from just £104,965. With prices this low, now it the time to bag a property bargain.”

Make the first move…
Discover the excellent choice of 2-bedroom apartments and 3- and 4-bedroom houses at Connaught Green, which is ideally located for both Liverpool and Everton football clubs on Belmont Grove, Anfield L6 4EY. The marketing suite and show homes are open Thursday to Monday 10.30am to 5.30pm.

For more information, visit millerhomes.co.uk.