Increased mortgage availability for first time buyers
Mortgage availability has not been kind to first time buyers in recent times; however, according to new research there are over 3,000 mortgage products available for the first time since early 2009.
This is a positive indication that the property market is once again making a comeback. First time buyers can take advantage of the increased mortgage availability by purchasing at the striking new build development, Chatham Place, Reading, where one bedroom apartments can be purchased from as little as £155,000!
Chatham Place is a new vibrant urban quarter for central Reading combining retail space with desirable open areas. The collection of 211 one and two bedroom apartments is a partnership development between Muse Developments and Reading Borough Council and is one of the biggest and most successful schemes in the town, with over 70% sold.
The high specification apartments consist of Pepper compact kitchens in Glacier white with Ash stone work surfaces with fully integrated appliances including single oven, hob and extractor hood, fridge and freezer and a compact dishwasher. The bathroom comes complete with white sanitaryware comprising a Villeroy and Boch Subway sink and Hansgrohe taps.
For security there is a video entry system to compliment the concierge service. All apartments have a sky satellite point to living rooms and a combination to of recessed ceiling spotlights, pendants lighting and 5amp lamp circuits. A Zanussi washer / dryer is provided in a separate cupboard, while some apartments also come with a balcony looking onto the landscaped internal courtyard or offering striking views of Reading town centre.
David Caught, Sales & Marketing Director for Muse Developments, comments: “The fact that there are more mortgage products becoming available is a positive step in the property market. First time buyers have found that the one bedroom apartments at Chatham Place present a very good option for a first purchase due to the location to Reading train station and the town centre with its variety of shops and vibrant amenities.”
Reading is officially Britain’s fastest growing and most prosperous location and is one of the most important towns in England in terms of its commercial significance. This is due to numerous well known British owned corporations having office space in Reading, many of which are the company’s headquarters. Examples include Symantec, Yell.com, Oracle, ING Direct, Cisco Systems, the Prudential and Microsoft. IT and insurance companies make up a considerable proportion of the Reading workforce.
The Oracle shopping centre and the neighbouring attractive retail district have helped to make Reading one of the top ten retail destinations in the UK with top brands including John Lewis, House of Fraser, Debenhams and Marks and Spencer. Reading is also home to a broad spectrum of top quality hotels and restaurants such as The Forbury Hotel and Restaurant, Carluccios, London Street Brasserie and Loch Fyne Restaurant. Reading is also famous for its annual music festival and provides a host of leisure opportunities including the Shakespeare in Forbury Gardens and The Madjeski Stadium – home to Reading FC and London Irish RFU clubs.
Reading’s mainline train station has several platforms with connections to Birmingham, Newcastle, Oxford and Wales as well as being only 25 minutes to London Paddington. The town is also adjacent to the M4 motorway, with three junctions leading into Reading. London Heathrow Airport is less than 30 miles away, with Gatwick 60 miles.
Prices start from £155,000 for a one bedroom apartment and £219,950 for a two bedroom apartment. For further information, visit: chathamplace.co.uk
