Calling all first time buyers in Derbyshire

Potential home owners across Derbyshire may have been put off taking their first steps onto the property ladder during the current credit climate, but David Wilson East Midlands thinks now is the perfect time to buy and is holding a special first time buyer weekend at its Castle Heights and City Point developments this weekend, the 7th and 8th March, to promote the fantastic deals it is currently offering.

Situated on Castle Road, Castle Heights is a superb development offering a wide range of one-, two-, three-, four- and five- bedroom properties. The one- and two- bedroom properties in particular are ideal for first time buyers and with prices starting from an affordable £79,950, this is the ideal opportunity to get a foot on the property ladder.

City Point, which is located on Harrow Street in the city, comprises a fantastic selection of one-, two- and three- bedroom homes in a central and convenient location close to Pride Park. Prices for a one- bedroom property start from £99,995 and with the housebuilder’s Head Start scheme, home ownership can become a reality for an unbelievable £84,995.

Philip Lacey, Sales Director for David Wilson says “The aim of the first time buyer weekend is to demonstrate that despite all the doom and gloom surrounding the current housing market, now is in fact an ideal time to buy.

“We have a number of initiatives designed specifically for first time buyers including Head Start which is a tailor made package that requires purchasers to initially pay just 85 per cent of the price and with this scheme home ownership could prove cheaper than renting.

“We have a range of other deals aside from Easy Start including the new Government Home Buy Direct scheme, shared equity, deposit paid or stamp duty paid and a representative from Mortgage Talk will be on hand to offer guidance and advice to any prospective purchasers.

“The one- and two- bedroom properties at both Castle Heights and City Point are fantastic starter homes, so if you’re looking to get your foot on the property ladder in Derby, come down to our first time buyer events this weekend to see how we can help you make your dream of home ownership a reality.”

Head Start is not a shared ownership scheme; homebuyers own 100 per cent of the property from day one. There is no rent or interest to pay on the deferred amount, it is simply paid back as 15 per cent of the property’s open market value at any time up to the point of resale or within ten years, whichever is sooner. Prices at the Castle Heights development start from £79,950.

Prices at City Point start from £99,995.

For more information, log on to Dwh.co.uk.