Home Buy Direct now available at Humberstone Lodge

Expanding families in Leicestershire could find a helping hand up the property ladder at David Wilson East Midlands’ Humberstone Lodge development in Humberstone thanks to the new Government Home Buy Direct scheme.

The recently launched Home Buy Direct initiative is a new scheme that allows purchasers to buy a property for just 70 per cent of the price, David Wilson and the Government will fund the remaining 30 per cent via an equity loan which is interest free for the first five years and is payable when the home sells.

The aim of the initiative is to help first time buyers, key workers and families currently living in rented accommodation get a foot on the property. It can also help families who have a household annual income of less than £60,000 facilitate a move up the property ladder.

This scheme is available on selected three- bedroom properties at David Wilson’s stunning Humberstone Lodge development on Danbury Place, which are ideal for expanding families looking to move to a bigger property.

Philip Lacey, Sales Director for David Wilson comments “We’ve allocated 13 homes to the Home Buy Direct scheme at Humberstone Lodge, all of which are charming three- bedroom properties ideal for growing families looking to climb the property ladder.

“Expanding families needing an extra room to accommodate their needs could be eligible for this scheme as well as families who are living in rented accommodation or have a combined annual income of less than £60,000.

“This is a fantastic deal which aims to make moving home a more affordable experience and will undoubtedly come as a welcome helping hand during the current economic climate. With Home Buy Direct purchasers can buy one of the three- bedroom properties for just £139,995- an unbelievable price which I’m hoping lots of prospective purchasers will take advantage of.

“We’ve already received lots of enquiries on this scheme so if you don’t want to miss out on the chance to purchase a home for just 70 per cent of the price, come and speak to our sales negotiator today.”

Situated on Danbury Place, Humberstone Lodge is a delightful development comprising 77 privately owned homes in a pleasant and convenient location within easy reaching distance of the amenities of Leicester city centre.

Prices at the development start from £199,995 making it £139,995 with Home Buy Direct.

For more information visit dwh.co.uk.