Blenheim Park hosts HomeBuy Direct roadshow
David Wilson Homes is bringing the government’s Homebuy Direct scheme to the masses with a roadshow at its Blenheim Park development in Tangmere.
The scheme provides eligible buyers with an equity loan of up to 30 per cent, jointly funded by David Wilson Homes and the government’s Homes and Communities Agency, making getting on the property ladder accessible for so many who think they are currently priced out of the market.
The weekend roadshow taking place on Saturday 10th and Sunday 11th April has been designed by the housebuilder for buyers to come along and find out if they could be eligible for a home on the scheme and get all the information they might need.
Mark Docherty, David Wilson sales director, said: “We’ve secured additional homes under the HomeBuy Direct scheme at Blenheim Park and thought a roadshow would be the perfect way to showcase the scheme and give potential buyers all the information they need. We will have independent financial advisors available to speak to and goodie bags for all visitors to take away.
“The scheme really is perfect for people who have been priced out of the housing market for years and can take advantage of this outstanding opportunity to buy a new home.
“The initiative 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,” continued Mark.
“Eligible households will have an income of up to £60,000 and would not normally be able to afford to buy a suitable property on the open market,” he added.
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. Buyers must have at least five per cent of the 70 per cent to use as a deposit.
“Blenheim Park is built on an old RAF airfield, which played a pivotal role in the Battle of Britain, and the homes boast distinctive brickwork which blends in well with the local surroundings,” Mark continued. “It’s an ideal base for commuters as the A27 is minutes away, offering an easy commute to Gatwick, Brighton and Portsmouth.”
When complete, Blenheim Park will offer a selection of apartments, coach houses and houses. The development lies close to countryside and just three miles north east of the city of Chichester, which dates back to Roman times.
The city offers a wealth of special events throughout the year and its harbour is a haven for yachting enthusiasts. The nearby South Downs becomes a hive of activity in July, when Goodwood Racecourse hosts ‘Glorious Goodwood’, a highlight of the summer sporting calendar.
For further information on Blenheim Park, visit the sales office, open from 10am to 5pm Thursday to Monday, or visit: dwh.co.uk
