A chance for first time buyers in Bromsgrove

Persimmon Homes South Midlands has just released a number of two bedroom apartments at its new Redwood Grove development in Bromsgrove which will offer a total of 22 apartments in six different layouts.

Persimmon Homes is urging first time buyers to register their interest now for an opportunity to benefit from a shared equity scheme, designed specifically for those struggling to get on the property ladder in the current market conditions.

The rising cost of living and difficulties with obtaining credit have lead many househunters to believe that a property of their own is simply out of their reach. However, Persimmon's Helping Hand initiative means buyers are required to find a mortgage for just 75 per cent of the property value.

This means that the two bedroom Elmbridge apartment priced at £ £135,995 requires a buyer to secure a mortgage for just £ £101,997 making the buying process a lot more affordable in the difficult credit conditions.

Purchasers then have up to ten years to pay back the remaining 25 per cent of the property price. With most people's salaries certain to increase over a ten year period, the opportunity of no interest to pay on the remaining 25 per cent offers an affordable way to home ownership.

Alison Reading, sales director for Persimmon Homes South Midlands, comments: "Many househunters have given up on the idea of buying a home as they can no longer obtain adequate credit on their salary despite the fact this would have been possible a year ago. Helping Hand has helped many of our buyers in recent months and we hope it will do the same here in Bromsgrove."

"Redwood Grove is a perfect option for people working in Birmingham who refuse to pay a hefty price for a city centre property but want to enjoy the convenience of apartment living and the luxury of a short commute" she adds.

All apartments at Redwood Grove feature well proportioned master bedrooms with an en-suite bathroom, a kitchen / lounge / dining area and adequate storage. Each plot comes with a parking space and some apartments also enjoy a balcony.

Redwood Grove is situated in School Drive within walking distance of Bromsgrove town centre and other local facilities on its doorstep including a theatre, a gym and a good local pub. The M5 and M42 motorways are just a short drive away and the nearby towns of Bromsgrove and Evesham are easily accessible by road and train, as is Birmingham Airport.

For more information on the full range of apartments available at Redwood Grove and for further information on Helping Hand, log on to Persimmonhomes.com to download a brochure.