Four bed homes for less than £105,000

Ever thought you could buy a four bedroom home for less than £105,000, even in this economic climate? No? Well, a delightful four bedroom Beckett family home can be yours for an extremely affordable price of just £104,997 using the Home Buy Direct Government initiative in conjunction with award-winning national housebuilder Miller Homes.

“Only a few properties at Millers’ Brooklands development in Gainsborough have been chosen for the scheme meaning that demand is sure to be high,” said Jan Hanaby, area sales manager for Miller Homes.

“I strongly urge househunters to visit us at Brooklands soon! This offer removes the issue of affordability. Buyers can get lower mortgage rates and have no deposit to worry about,” continued Jan.

Buyers qualifying for the scheme will have the opportunity to purchase 100 percent of their home by paying 70 percent of the value, with both Miller Homes and the Government equally funding the remaining 30 percent. The 30 percent equity loan will only become repayable after 25 years or when the customer sells their home, whichever comes first.

One of the big bonuses of the scheme is that the equity loan is only repayable after 25 years, and there is no interest payable for the first five years.

Jan continued: “This helpful initiative will enable more people who have found it almost impossible to get a foot on or climb the property ladder, either due to the tightening of mortgage lending or because they have struggled to raise the deposits they need, secure a brand new home.”

The four bedroom Beckett, priced from £149,995 without using the initiative, has a superbly distinctive character with a delightfully framed entrance. The main living spaces have been thoughtfully designed with the ground floor benefiting from the kitchen and dining area. Whilst the lounge, on the first floor, features French windows and an attractive Juliet balcony. The master bedroom on the second floor boasts convenient en-suite facilities.

Brooklands has been excellently planned with a community feel in mind it boasts three public open spaces and a play area. It is situated on Foxby Lane on the outskirts of Gainsborough town centre and enjoys panoramic views over the lush green fields of Lincolnshire.

For more information, visit millerhomes.co.uk.