Homebuy Direct at Oaklands in Rugby

First time buyers, key workers and expanding families throughout Rugby could find a helping hand in purchasing the home of their dreams at David Wilson East Midlands’ Oaklands development thanks to the new Government Home Buy Direct scheme.

Situated on Longstork Road, Oaklands is a superb development comprising a wide range of one-, two-, three-, four- and five- bedroom homes in a modern and emerging new community known as Coton Park. The housebuilder has allocated 14 homes to the scheme at this development, a mixture of one- and two- bedroom apartments as well as three- bedroom houses.

Home Buy Direct aims to help first time buyers, key workers and families currently living in rented accommodation get a foot on the property ladder. It can also help families who have a household annual income of less than £60,000 facilitate a move up the property ladder.

The Home Buy Direct scheme allows purchasers to buy a property for just 70 per cent of the price, David Wilson and the Government will fund the remaining 30 per cent via an equity loan which is interest free for the first five years and is payable when the home sells.

Philip Lacey, Sales Director for David Wilson comments “The homes we’ve allocated to Home Buy Direct are a stylish selection of one- and two- bedroom apartments and three- bedroom houses which are perfect for first time buyers, couples and families.

“With prices starting from £84,995 for a one- bedroom apartment, home ownership could become reality for as little as £59,496- a fantastic price which offers unbelievable value for money.

“First time buyers, key workers and families could be eligible for this scheme which aims to make moving home a more affordable experience and will undoubtedly come as a welcome helping hand during the current economic climate and I’m encouraging all potential purchasers to come along to Oaklands to find out more.”

For further information visit Dwh.co.uk.