Sharing success in Rugby

Miller Homes sales advisors at the St Peters development in Rugby are rushed off their feet following a marked rise in interest for the latest shared equity scheme HomeBuy Direct.

Located just a short walk from Rugby town centre, St Peters has always proved a hot choice for families and young couples looking for convenient town centre living, but is proving even more popular as househunters look to take advantage of the government backed scheme.

Linda Androlia, regional sales director for Miller Homes, said: “We are very encouraged by the recent success of HomeBuy Direct at St Peters. With 75 percent of the sales at the development through HomeBuy Direct since its launch, we predict the trend to follow.

“The scheme is helping to kick start the housing market and shows that buyer confidence is definitely returning.”

Under the initiative, buyers have the opportunity to purchase 100 percent of their home by paying just 70 percent of the value, with 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, and because the scheme is government backed, buyers can feel completely secure in their investment.

Linda continued: “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.

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

The scheme, based on St Peters road, 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 added: “The success of shared equity across our developments shows that buying a home is still one of the most secure investments you can make, and that it is still better to buy than rent.”

Properties at St Peters are available from £99,950 for a 2 bedroom apartment, or with HomeBuy Direct, from just £69,965. For more information, visit millerhomes.co.uk.