Get on the property ladder with a little help

Although a new report from Halifax has shown that mortgages are currently more affordable for first time buyers, many mortgage lenders require a substantial deposit which a lot of young people struggle to afford without help from their parents.

This weekend (16th January) award winning housebuilder Crest Nicholson is inviting young people and their parents to an event designed to encourage parents to help their children onto the property ladder with a 10% investment return at its Larks Reach development in Red Lodge, Suffolk.

Comprising a stylish collection of two bedroom apartments and three and four bedroom houses, Larks Reach - as with Kings Warren as a whole - appeals to a wide range of homebuyers. First time buyers who are priced out of nearby Cambridge and Newmarket will find an affordable alternative at Larks Reach.

Annette Cole, Sales and Marketing Director at Crest Nicholson Eastern comments: “Without the help of their parents, many young people do struggle to get together a deposit, especially in times when money is tight. At Larks Reach we wanted to offer an incentive for parents to help their children onto the property ladder, where they can get something back in return. The 10 per cent return is guaranteed for two years on the amount put in by the parents.”

The apartments at Larks Reach provide an ideal home for first time buyers; all include fully fitted kitchens that feature a comprehensive range of integrated Bosch appliances including a fridge/freezer and washer dryer – easing the burden of starting from scratch.

As well as offering a peaceful and idyllic rural setting, an excellent road and rail infrastructure located close by means that Larks Reach residents are well connected. Kennet Station is located just three miles away and provides frequent and direct rail links to Cambridge in just 30 minutes. Alternatively, Cambridge city centre is just 18 miles by road and there is also easy access to the A11 and nearby A14.

Prices at Larks Reach start from £120,000 for a two bedroom, two bathroom apartment. For more information, visit crestnicholson.com/kingswarren.