Godmanchester’s first time buyers get a head start

Aspiring homeowners looking for a great first buy could find exactly what they are looking for at David Wilson South Midlands’ Cromwell Gardens development in Godmanchester following the release of five stylish two- bedroom apartments.

With prices starting from £138,995, these contemporary properties offer great value for money and in a bid to make home ownership even more affordable, the housebuilder is offering first time buyers its Head Start scheme, which allows purchasers to buy a property for initially just 85 per cent of the asking price. The remaining 15 per cent if funded through a deferred David Wilson loan which is payable in either 10 years time or when the property sells, whichever comes first.

Designed specifically for first time buyers, Head Start aims to make home ownership more feasible and to ease a lot of the money worries buyers may be facing during the current economic climate.

“Shared equity schemes like Head Start are proving a popular solution to first time buyers wanting to get a foot on the property ladder but without overstretching budgets.” Comments Jackie Day, Sales Director at David Wilson.

“As a company, we have always supported those who are keen to become home owners and we are finding increasing numbers of purchasers are taking advantage of schemes like these in order to make their dream of home ownership a reality.

“First time buyers at Cromwell Gardens who take advantage of Head Start could find themselves moving in for as little as £118,145, a fantastic price for a new home in a sought after location.”

Head Start is not a shared ownership scheme; homebuyers own 100 per cent of the property from day one. There is no rent or interest to pay on the deferred amount, it is simply paid back as 15 per cent of the property’s open market value at any time up to the point of resale or within ten years, whichever is sooner.

Located on London Road, Cromwell Gardens comprises a superb selection of two-, three- and four- bedroom homes in a sought after location close to the amenities of Godmanchester.

Prices at the development start from £138,995.

For more information visit during the opening hours of 11am-6pm, daily, or log on to dwh.co.uk.