Miller’s lifeline for homebuyers in Tewkesbury

Miller Homes has affirmed its commitment to helping homebuyers in Tewkesbury with the launch of 15 properties at The Meadows, as part of the Government’s HomeBuy Direct scheme.

The scheme, which Miller Homes announced it would be taking part in earlier this year, makes this selection of homes affordable to first time buyers, key workers and current households earning less than £60,000 who cannot afford to buy a property on the open market.

Under the initiative, buyers will have the opportunity to purchase 100 percent of their home by paying 70 percent of the value, with both Miller Homes and the Government equally funding the remaining 30 percent. The 30 percent equity loan will only become repayable after 25 years or when the customer sells their home, whichever comes first.

One of the big bonuses of the scheme is that the equity loan is only repayable after 25 years, and there is no interest payable for the first five years.

HomeBuy Direct is a much-welcomed initiative according to regional sales director Linda Androlia: “The release of these homes is a great shot in the arm for prospective homebuyers in Tewkesbury. It will enable more people who have found it almost impossible to get a foot on or climb the property ladder, either due to the tightening of mortgage lending or because they have struggled to raise the deposits they need to secure a brand new home. Not only does the scheme provide a further boost to the housing market but it also bolsters confidence amongst buyers, signs of which are already being seen by the increase in reservations at Miller Homes.

“With the immense affordability of these properties, we’re sure they’ll be snapped up, so we urge househunters to act quickly.”

The Meadows features a beautiful range of three, four and five bedroom homes perfect for families and those looking to upgrade. Located within a short stroll of one of Britain’s most celebrated medieval town centres, yet just minutes from the M5 and in easy commuting range of Gloucester, Cheltenham and Worcester, The Meadows combines the charm of its historic market-town setting with one of the most convenient locations in the heart of England.

Prices at The Meadows start from £279,950, but with HomeBuy Direct, you only pay for 70 percent of the property upfront. To find out if you qualify for a HomeBuy Direct property at the development, call or visit the sales office at Bredon Road, tel 0800 840 8691, open from 10am to 5pm on Thursday to Monday, but be quick as demand will be high.

For further information on The Meadows, visit millerhomes.co.uk. For general information on HomeBuy Direct visit direct.gov.uk