New event for first time buyers in Blackburn

With confidence returning to the property market, Bryant Homes is hosting a special event at its Lock Mill development this weekend (19th and 20th September), aimed at helping first time buyers get onto the property ladder.

The housebuilder has arranged for an independent financial adviser (IFA) to be at the Bolton Road development in Blackburn between 11am and 5pm on both Saturday and Sunday. The IFA will be able to advise on a range of mortgages that are aimed at first time buyers, while Bryant Homes representatives will be on hand to discuss the new homes available at Lock Mill.

And every first time buyer who reserves over the weekend will also receive £500 from Bryant Homes towards legal fees.

Regional sales & marketing director Anthony Mansfield said: “People are feeling more confident about the property market and potential buyers are returning to the market.

“However, first time buyers have particular issues, whether it be over mortgage availability or the size of deposit required. Our first time buyer event at Lock Mill is designed to provide answers to those kinds of problems and to help potential customers get a foot on the ladder.”

One of the Bryant Homes schemes available for first time buyers is Depositmatch. On selected properties, the housebuilder will match the deposit put down by buyers, up to 10% of the property’s value, providing access to a wider range of mortgages, better rates and reduced monthly payments.

The additional funds come in the form of an interest-free loan over 10 years. Homeowners have the reassurance that they own 100% of their property from day one and there is no rent or interest to pay during the loan period.

The scheme is flexible, allowing purchasers to repay the outstanding amount early or even make smaller one-off payments up to three times during the loan term. If the loan is not repaid within the ten year period, interest is incurred at 2% above the Bank of England rate.

First time buyers could receive their required 5% deposit or boost the amount they have already saved so that they only have to secure a mortgage on 90% of the property price.

Lock Mill has a range of properties particularly suited to first time buyers included one, two and three bedroom apartments.

Among the properties currently available is the one bedroom Bowland apartment. The property includes a large open plan kitchen and living area, spacious bedroom including built in wardrobes, a separate bathroom and excellent storage facilities. Each Bowland apartment comes complete with an external balcony and allocated parking space and prices start at just £59,995.

Situated on the outskirts of Blackburn on the Leeds Liverpool canal, Lock Mill offers the perfect base for families and young professionals alike, with many shops, restaurants and entertainments venues nearby and access to the national motorway network via the M65. Lock Mill is also close to Mill Hill and Blackburn train stations, which offer connections to Preston, Blackpool, York and Manchester, while Blackpool and Manchester International airports are also close by.

To discuss the great offers at Lock Mill or for more information on the development’s First Time Buyer weekend, call into the sales centre on Bolton Road, which is open Thursday to Monday, 11am – 5.00pm, or log on to bryant.co.uk.