Castleford homes for wannabe first time buyers

Youngsters who believe brand new two bedroom homes in Castleford are out of their price range should pay a visit to Persimmon’s Willow Edge development where the UK’s leading housebuilder will take away any worries they may have about getting on the property ladder.

Any wannabe first time buyer who dreams about owning a brand new home but just doesn’t think their budget can stretch that far is about to be amazed. They can forget having to settle for second best as with Persimmon’s newly launched Capital Plan mortgage, purchasers can increase their borrowing capacity at a truly affordable level.

Sue Merritt, sales director for Persimmon Homes West Yorkshire said the Capital Plan mortgage provides house hunters with a cheaper route to owning the home of their dreams. She comments: “Young first time buyers may believe a newly built home is simply out of their financial reach, however, with Capital Plan they are able to borrow more than a conventional mortgage would allow. Borrowing capacity for the Capital Plan is based on a debt to income ratio as opposed to income multipliers applied by conventional mortgage lenders so they can be safe in the knowledge that they are not borrowing beyond their means.

“The Capital Plan product is available on all two bedroom homes at our Willow Edge development and priced from just £131,995 are the perfect ‘des res’ for any Castleford first time buyer. In addition, for all completions before the end of June, we will also offer two bedroom homes with fully fitted carpets throughout – there really hasn’t been a better, or more affordable, time to buy.”

The Capital Plan mortgage can also help those looking to make the move up the property ladder. Take for example a three bedroom detached Audley at Willow Edge which is priced at £165,995. With Persimmon’s offer of five per cent deposit paid, worth £8,300 combined with the Capital Plan mortgage, monthly mortgage payments total just £750.62 – a comparable, conventional mortgage could cost borrowers an extra £205.84 per month.

Willow Edge, Off Willowbridge Lane, Whitwood, is situated on the outskirts of Castleford and offers easy access to a host of amenities including shops, schools and major transport routes with the M62 a short drive away. The development is also near the city of Leeds which boasts a multitude of shopping centres and leisure facilities.

For further information on the range of homes available at Willow Edge, visit Persimmonhomes.com.