Help for buyers at Maple Tye in Stowmarket
This weekend (16th January 2010) award winning housebuilder Crest Nicholson is inviting homebuyers to its Maple Tye development in Stowmarket to learn more about the HomeBuy Direct scheme it is offering on its stunning three bedroom cottages – The Kennet.
The day is designed to inform purchasers that HomeBuy Direct is not purely for the use of first time buyers, but also for those struggling to buy a home that suits their needs, or those returning to the property market.*
HomeBuy Direct is a brand new initiative designed to be a ‘stepping stone’ for home owners. With the scheme, buyers are able to secure their brand new home at Maple Tye for just 70% of the property’s asking price upfront, making the attractive three bedroom Kennet cottage priced at £182,500, a more affordable £127,750 with HomeBuy Direct.
The Kennet properties at Maple Tye are three bedroom cottages ideal for young families and couples starting out on the property ladder. The ground floor of the property has a spacious layout with an open plan kitchen/dining area and separate living area, as well as plenty of storage and a guest cloakroom. Upstairs are three bedrooms and two bathrooms. The master bedroom boasts an en-suite bathroom as well as its own private dressing room.
Annette Cole, Sales and Marketing Director at Crest Nicholson Eastern comments: “HomeBuy Direct is a fantastic scheme that really opens up the property market to buyers who have previously been struggling to get a footing, or move up the ladder. The Kennet properties at Maple Tye are ideal for first time buyers, or second time buyers who need a slightly larger home to expand in.”
Under HomeBuy Direct, purchasers will own 100 per cent of their new home from day one and the remaining 30 per cent of the property’s market value is funded by an interest free** “equity loan”, jointly financed by Crest Nicholson and the Government. The equity loan is not repaid for twenty-five years or until the property is sold, which ever is sooner. After twelve months, purchasers even have the opportunity to buy some, if not all of the property’s remaining equity at market value.
Maple Tye comprises of one and two bedroom apartments, two and three bedroom cottages and three and four bedroom family houses. Homes have fully-fitted kitchens complete with a range of smart Bosch stainless steel appliances including oven, hob and extractor hood along with an integrated fridge/freezer. Well designed bathrooms include smart white sanitaryware complimented by chrome accessories.
Just one mile from the centre of the ancient market town of Stowmarket, properties at Maple Tye provide all the essentials of modern living; surrounded by some of Suffolk’s most beautiful countryside and close to Stowmarket Station, commuters to London can reach Liverpool Street in just 75 minutes, whilst Norwich is just 35 minutes away.
Prices for the Kennet properties at Maple Tye start from £182,500. For further information about buying a home at Maple Tye, visit crestnicholson.com/cedarspark.
*Those eligible for HomeBuy Direct are:
- First Time Buyers
- Key workers
- Those currently living in social or privately rented accommodation
- Those in need of more space for a family than their current home provides
- Those who have had a relationship breakdown
- Those with a combined income of less than £60,000 per annum
**The loans are interest free for the first five years. After that, purchasers will pay a fee on the equity loans of 1.75 per cent, rising annually by the Retail Price Index (RPI) plus 1 per cent.
