Windows of opportunity for Rugby buyers

Househunters in Rugby who missed out on the first wave of new apartments under the Government backed HomeBuy Direct shared equity scheme have another window of opportunity with a new release of properties at Miller Homes’ St Peters development.

The initiative, designed to help those struggling to get on the property ladder, is now available on a selection of newly released apartments; ideal for first time buyers or young couples looking for modern, flexible space.

A range of the properties available are located within the attractive Hoton building, offering a selection of spacious two bedroom apartments. Featuring welcoming hallways, master bedrooms with en suite and open plan living areas, all of the properties offer a relaxed setting for contemporary living.

Linda Androlia, regional sales director for Miller Homes, said: “The new release of plots at St Peters is a real opportunity for househunters in the area that missed out on the last set of apartments available under Homebuy Direct.

“The scheme is really bolstering confidence in the housing market and has already helped many buyers in Rugby afford their dream home.”

Under the initiative, purchasers have the opportunity to own 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.

“With the availability of HomeBuy Direct and the ideal location of St Peters, there really has never been a better time to buy.”

Located 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 easy access to the M6, M1 and M45.

Two bedroom Hoton style apartments at St Peters start from £109,950, or with HomeBuy Direct, from just £76,965. For more information, visit millerhomes.co.uk.