Knocked for six at St Peters

Miller Homes sales advisors in Rugby are rushed off their feet following a flurry of interest in new homes at their St Peters scheme, with six homes sold in the last five weeks.

The popular development, located just a short walk from Rugby town centre, is proving a hot choice for families and young couples looking for convenient town centre living, but with all the benefits of having rural Warwickshire on the doorstep.

Much of the interest at the development is down to the latest shared equity scheme being offered by Miller Homes, Homebuy Direct – a government backed initiative to help first time buyers and those struggling to get a mortgage, onto the property ladder.

Linda Androlia, sales director for Miller Homes in the region, said: “We are very encouraged by the success at St Peters over the last five weeks and predict the trend will continue. This is a great sign that Homebuy direct is helping to kick start the housing sector and shows that buyer confidence is definitely returning to the market.”

Under the initiative, buyers have the opportunity to purchase 100 percent of their home by paying just 70 percent of the value, with both Miller Homes and the Government co-funding the remaining 30 percent.

The 30 percent equity loan only becomes repayable after 25 years or when the customer sells their home, whichever comes first.

Linda added: “One of the big bonuses of the scheme is that there is no interest payable on the equity loan for the first five years, meaning that owners can concentrate on enjoying their home without worrying about repayments. The initiative is just another reason why it is still better to buy than rent, proving that owning a home remains one of the most secure investments you can make.

“Of course, the success at St Peters is down to more than just a great offer – it’s a fantastic development too.”

Situated close to Rugby town centre, the scheme features a range of stylish three and four bedroom houses and one and two bedroom apartments. A traditional market town surrounded by beautiful countryside, Rugby combines heritage with modern day living, providing excellent facilities and amenities. The development is also perfect for commuters, providing access to the M6, M1 and M45.

Linda continued: “The success of shared equity across our developments shows that buying a home is still one of the most secure investments you can make, proving that it is still better to buy than rent.”

Properties at St Peters start from £99,950 for a 2 bedroom Helena apartment which on HomeBuy direct, is available at just £69,965. For more information, visit Millerhomes.co.uk.