HBD delivers perfect home for growing family
Fed up with trying to find thousands of pounds to put down as a deposit on a house, Laura McIlwraith and Paul Crockett were looking for a way they could fund a move into a property they could call their own.
With a seven-year-old daughter, Kyrah, and a baby on the way, Laura, a 29-year-old personal assistant, and Paul, a 30-year-old postman, wanted to move out of their rented terraced house in Bingham.
That’s when they discovered that HomeBuy Direct (HBD) was available on selected properties at The Vales, a superb development in Bingham from award-winning Miller Homes East Midlands.
And now, the family has moved into a three-bedroomed Wesley-style townhouse, a property well-known for its clever use of space and a thoughtful approach to function and style.
Laura commented: “Without HBD, we would not have been able to afford to move. HBD gave us the chance to buy a new, three-bedroomed townhouse with enough space for Kyrah and the baby when he or she arrives.
“Lenders aren’t giving 100 per cent mortgages any more, and we couldn’t find a deposit for about £15,000 on a property. That’s why HBD has been brilliant for us.”
The HBD scheme means that those who qualify have the opportunity to purchase 100 per cent of a property by paying only 70 per cent of the value, with both Miller Homes and the Government equally funding the remaining 30 per cent.
The 30 per cent equity loan will only become repayable after 25 years or when the customer sells their home, whichever comes first, and there is no interest payable for the first five years.
Innovative schemes like HBD have proved to be invaluable ways of helping people get on the property ladder, says Joy Goodman, sales director for Miller Homes East Midlands.
“People are beginning to realise that they can afford spacious new homes thanks to schemes like HBD, which make it easy for them to move,” said Joy.
“The Vales has proved to be a highly-popular development, particularly as it is ideal for commuting to various locations and because it offers the chance to enjoy village life.”
For more details about The Vales, or HBD, visit:
millerhomes.co.uk/explore/EastMidlands
