An affordable head start

David Wilson Homes Mercia has put affordability at the top of its agenda by launching its Head Start scheme at its Heathfields development in Tipton. The scheme is available for first time buyers and means purchasers pay just 85 percent of the purchase price of their property while David Wilson Homes provides an interest free loan to cover the other 15 per cent, helping to make moving affordable.

For instance with Head Start a one bedroom apartment at Heathfields priced at £97,950 is taken to an amazing and very affordable £83,257 and with the five per cent deposit paid too, the price you pay to own this home is initially just £79,094.

Similarly the £123,950 two bedroom apartments are available for just £105,357.50 plus 5 per paid making them a very appealing option for those looking to take their first steps onto the property ladder.

Chris Ashmore, sales director for David Wilson Homes Mercia explains: "This is a win-win situation for home-buyers as they can own their entire home for only 85 per cent of the cost making things easier for prospective purchasers by ensuring that they can make the move without stretching their finances too far, which is particularly beneficial at this time of year."

The new scheme is simple; purchasers take out a mortgage for only 85 per cent of the value of their home while David Wilson Homes provides an interest free loan to cover the other 15 per cent. And to making moving even easier David Wilson Homes has pledged to pay the five per cent deposit too.

The deferred amount is then paid back as 15 per cent of the property's open market value, either within ten years of purchase or at the time of re-sale if this is earlier than ten years.

Chris continues: "Our aim is to simplify the home buying process as much as possible by providing buyers quite literally with an ‘head start' which will help to ease the financial strain and make moving into a new home as stress free as possible. I'd urge homehunters to move fast though as buyers would need to reserve by 11 May to make the most of this truly fantastic offer."

Homes at Heathfields

Heathfields in Tipton is also ideal for commuters, with easy access to both Birmingham and Dudley via bus, train and the M5. The apartments at Heathfields are part of a wide variety of homes on offer making up a readymade community. There is a great range of amenities just a short walk away too including high street shops, pubs, restaurants and leisure facilities right on the doorstep, for when you'd rather stay closer to home.

For more information on Head Start at Heathfields visit the sales centre, open daily between 10.30am and 5.30pm.