HomeBuy Direct your way to a new home at Deer Park
Aspiring home owners could find a helping hand onto the property ladder at David Wilson South Midlands’ Deer Park development in St Neots following the housebuilder’s decision to offer the Government’s HomeBuy Direct shared equity scheme there.
Comprising a superb selection of three-, four- and five- bedroom homes, this development is ideal for expanding families looking to make the move from rented accommodation and buy a place of their own. And for those who take advantage of HomeBuy Direct, home ownership can become a reality for initially just 70 per cent of the asking price.
“During a time of economic uncertainty, HomeBuy Direct was introduced in a bid to make the buying more affordable, and after proving popular at a number of other developments throughout the region, we’ve made the decision to offer this scheme at Deer Park.” Comments Jackie Day, Sales Director at David Wilson.
“We’ve allocated a number of family homes to this scheme and with prices starting from £182,995, home ownership can become a reality for as little as £128,096 meaning purchasers can afford to buy without overstretching budgets.”
This deal is currently available on plot 96 which is stunning three- bedroom home in the style of a Downing.
This superb family home boasts an open plan and dynamic layout ideal for the demands of a modern lifestyle. The ground floor comprises a contemporary fully fitted-kitchen and diner as well as a large living room and cloakroom whilst the first floor features the master bedroom with a stylish en-suite, two further bedrooms and the family bathroom.
Jackie adds “The Downing is a great style that is ideal for smaller families looking to buy a good size family home at the right price. And thanks to HomeBuy Direct, purchasers can achieve even greater value for money and facilitate a move that may have temporarily been put on hold.”
Margaret Allen, Regional Director for the Homes and Communities Agency in the East Midlands, said: “In the current climate it’s important that we help a range of people to find the best housing option to suit them, and simultaneously help stimulate the building of new homes. HomeBuy Direct, with our £400 million investment, is just one way in which we’re doing this and it is proving extremely popular.”
The scheme is open to first time buyers, key workers and others who are currently renting. People who have previously owned a home but are now unable to do so – perhaps where relationships have broken down – can also apply.
Households eligible will be earning less than £60,000 and would not normally be able to afford to buy a suitable property on the open market.
There is no interest to pay on the equity stake for the first five years, although a small fee will be charged from year six onwards.
Buyers can redeem the loan in instalments, purchasing up to 100 per cent of the equity after their initial purchase by buying additional equity at the market rate. Alternatively, if they sell their home, the equity loan is repaid by way of a proportionate share of the sale proceeds.
Deer Park is located on Cambridge Road and comprises a stunning selection of three-, four- and five- bedroom homes ideal for families.
Prices at the development start from £182,995 for a three- bedroom home in the style of a Downing.
For more information visit during the opening hours of 11am-6pm, daily, or log onto the website at dwh.co.uk.
