The benefits of a brand new home for less

It’s easy to maintain, more energy efficient than its older counterparts, covered by a 10-year ‘Buildmark’ warranty and can be bought with 25% of the initial cost deferred - what is it? A brand new Gleeson home at either Vale Croft, in Bolsover or the Brambles, in Doe Lea, Chesterfield.

To mark the start of the New Homes Marketing Board’s ‘New Homes Week’, Gleeson is hosting an information workshop at Vale Croft on Sunday, September 13th. It’s aimed at buyers who would like to find out more about the company’s shared equity scheme, which allows customers to put off paying 25% of the asking price for up to 10 years.

An independent financial advisor will be on hand to discuss the practicalities of shared equity and to advise potential purchasers on their mortgage options.

The 75 / 25% shared equity deal means a brand new three-bedroom ‘Tuscany’ style home at Vale Croft can be bought for an initial outlay of just £111,746. Customers have up to a decade, or when they re-sell the property, to pay the remainder – with no rent or interest to pay on the outstanding balance.

Julie Rayner, sales director for Gleeson Homes, says: “With Gleeson deferring 25% of the asking price, buyers with a 5% deposit only need apply for a mortgage that represents 70% of the property’s full value - so they should be able to get some of the best interest rate deals around.

“It’s perfect for homebuyers who have saved some money but don’t have a big deposit; they can move now and wait until a time that suits them to pay the outstanding balance.”

Julie adds: “It’s fitting that this event coincides with the start of ‘New Homes Week’, which is all about highlighting the benefits of owning a brand new home – from incentives to make home ownership easier and more affordable, like shared equity, to easy maintenance, low running costs through greater energy efficiency and the reassurance of a 10-year Buildmark warranty.”

Vale Croft features a choice of stylish homes, including one-bedroom mews, two-bedroom apartments and two, three and four-bedroom homes, perfect for those wanting to put down roots in this beautiful Derbyshire location – nestled between enchanting Sherwood Forest and the rolling hills of the Peak District, and close to the historic town of Bolsover.

Shared equity is also available on a strictly limited selection of homes at The Brambles, close to Chesterfield, where the Peak District meets Robin Hood country. Prices with shared equity start from an initial outlay of just £114,746 for a four-bedroom ‘Milano’ style property.

Both developments offer easy access to the M1 motorway, making them ideal for commuters.

To find out more about the homes available and shared equity, join Gleeson and its advisers at Vale Croft, off Carr Vale Road, Bolsover, on Sunday, September 13th between 12 noon and 4pm.

Alternatively log on to gleeson-homes.co.uk for further details.