Stamp duty boosts buyers onto the property ladder

Bloor Homes’ highlights first time buyers in Bedford cannot afford to delay taking their first step on to the property ladder after a pre-election boost scrapping stamp duty, will save them up to £2,500 on homes costing £250,000 or less.

Vanessa Macnee, Sales Director of Bloor Homes South Midlands comments; “For thousands of first-time buyers, the dream of getting on to the property ladder was slipping out of reach. This announcement has added a new rung to the property ladder, one within reach of thousands of young families.

“At our two new developments in the Bedford area we offer a wide range of properties under the £250,000 threshold. This gives first time buyers the opportunity to take advantage of the system and save up to £2,500 which they could use for furnishings, mortgage payments or a well deserved holiday.”

At its Lake View development at Wixams Village in Bedford first time buyers can move into one of the development’s stunning three bedroom homes from just £169,957 under the BloorHomeStart2 where purchasers need only finance 85% of the property’s value to take ownership and move in. The remaining 15% is to be paid back at market value up to 10 years later or upon selling the property, whichever event comes first. Unlike many shared equity schemes, there is no additional interest on the loan or rent payable on the 15% share.

Offering a variety of different housestyles, Houghton Manor in Houghton Conquest provides a collection of 26 three, four and five bedroom homes ideal for local families looking to upgrade to a new home. Prices start from just £247,950 for a three bedroom ‘Wootton’ housetype.

This property is ideal for young couples who will appreciate the flexible living space. On the ground floor there is an open plan kitchen / breakfast room which features a range of integrated appliances and has double doors leading to the garden. A separate spacious living room is great for relaxed entertaining while a downstairs cloakroom and storage cupboard completes the accommodation on this floor.

Upstairs to the first floor the master bedroom features fitted wardrobes and an en-suite shower room. Bedrooms two and three are both spacious, double rooms which have access to a separate family bathroom. Further cupboard space is also provided on this floor.

Prices at Lake View start from £169,957 for a 3 bedroom ‘Tidbrook’ housetype.

Prices at Houghton Manor start from £247,950 for a 3 bedroom ‘Wootton’ housetype.

For further information visit bloorhomes.com.