Sharing success at Millers Gate

Shrewd house buyers are taking advantage of the great shared equity schemes on offer at Miller Homes’ Millers Gate development in Quedgeley, with 80 percent of sales so far this year made through the new initiative.

The success of the development is welcome news for the local housing market, showing that buyers still have the confidence to buy a new home.

Linda Androlia, regional sales director for Miller Homes, said: “We are very pleased with the success of shared equity at Millers Gate, which proves that the scheme is helping to kick start the housing sector and bolster confidence among buyers.

“Much of the interest at the development is also thanks to its great location - the good motorway links make the development a great base.”

Located within the popular Kingsway Urban Village, Millers Gate features a mix of three, four and five bedroom homes and has proved popular with families looking for a quiet retreat with great connectivity to Gloucester, Bristol and Birmingham.

Surrounded by beautiful countryside and close to the River Severn, the scheme also has good access to local shops and amenities, including bars, restaurants and leisure facilities.

Linda continued: “In addition to its great location, we are currently offering the latest government backed shared equity initiative, HomeBuy Direct at the site, which makes owning a brand new home more affordable than ever.”

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. Because Homebuy Direct is government backed, buyers can also feel more secure in their investment.

Linda added: “One of the big bonuses of the scheme is that the equity loan is only repayable after 25 years, with no interest payable for the first five years, meaning that home owners can concentrate on the important things – like enjoying their dream home!”

Homes at Millers Gate are available from £149,950 for the three bedroom Longford style home, which with HomeBuy direct, could be yours for just £104,965. For more information, visit Millerhomes.co.uk.