Young families upsize at Maple Tye

According to a recent survey conducted by UpMyStreet.com, the majority (44%) of movers surveyed were planning to upsize in 2009*. With Crest Nicholson’s Government backed HomeBuy Direct scheme, young families needing more space are able to move into a larger property without breaking the bank.

This Saturday (6th June) Crest Nicholson is inviting prospective purchasers to its Maple Tye development in Stowmarket from 10am to learn about the HomeBuy Direct scheme and find out how to purchase a larger home at an affordable price.

Annette Cole, Sales and Marketing Director, Crest Nicholson (East) Ltd. commented: “Many potential purchasers wrongly assume that the Government’s HomeBuy Direct scheme is only for first time buyers but this is not the case*. The scheme offers a fantastic opportunity for young families to upsize in the current market and get a larger home for only 70% of the price on day one. This weekend will be the perfect opportunity to find out more about purchasing an attractive family home at an affordable price.”

Maple Tye currently offers an attractive range of three and four bedroom family houses. Just one mile from the centre of the ancient market town of Stowmarket, properties at Maple Tye provide all the essentials of modern family living including a nursery school on site, with plans to include a primary school in the future. The development is surrounded by some of Suffolk’s most beautiful countryside and is conveniently located close to Stowmarket station. Commuters at Maple Tye can travel by train to London Liverpool Street in just over an hour and Norwich is only 35 minutes away.

HomeBuy Direct is a brand new initiative designed to be a ‘stepping stone’ to home ownership. With the scheme, buyers are able to secure a brand new home at Maple Tye for just 70% of the property’s asking price upfront, making an attractive three bedroom property at the development priced at £171,500, a more affordable £120,050 with HomeBuy Direct.

Under HomeBuy Direct, purchasers will own 100 per cent of their new home from day one and the remaining 30 per cent of the property’s market value is funded by an interest free “equity loan”, jointly financed by Crest Nicholson and the Government. The remaining equity loan does not need to be paid back for the lifespan of the mortgage or until the property is sold; whichever comes sooner*.

All homes at Maple Tye have fully-fitted kitchens complete with a range of smart Bosch stainless steel appliances including oven, hob and extractor hood along with an integrated fridge/freezer. Well designed bathrooms include smart white sanitaryware complimented by chrome accessories.

Prices for three bedroom houses start from £171,500 (£120,050 with HomeBuy Direct) and four bedroom houses from £187,000 (HomeBuy Direct £130,900). For further information about buying a home at Maple Tye, visit Crestnicholson.com/cedarspark.