It pays to invest at The Quarters
First-time buyers who know someone willing to help with the deposit on their first home – or those in a position to support someone close to them – will want to find out about the fantastic new Family and Friends Advantage scheme at The Quarters, Taylor Wimpey’s brand new homes development in Colchester.
This incredible investment opportunity offers anyone providing a deposit up to 20% of the price of a brand new home at The Quarters a guaranteed 5% return on their outlay every year for the next five years.
For example, a £23,000 deposit on a two-bedroom apartment priced £114,995 would guarantee a return of £1,150 each year and a total of £5,750 over the five-year period – that’s a quarter of the overall investment amount!
With a selection of two and three-bedroom homes available to choose from, prices at The Quarters range up to £219,995, meaning returns on a 20% deposit can be as high as £11,000 over the five-year period.
Michael O’Leary, Sales and Marketing Director for Taylor Wimpey East London, says: “Many first-time buyers are receiving help in finding the deposit needed to step onto the property ladder, whether from parents, grandparents or others who are close to them.
“Family and Friends advantage is an innovative scheme which offers these generous people a financial reward, which can work out better than having the money sitting in the bank.”
A range of lenders is supporting the new Family and Friends Advantage scheme, and Halifax is offering an exclusive range of fixed and tracker mortgages with a loan to value of 80% for Taylor Wimpey customers using the incentive. This comes with an added financial benefit of refunding the valuation fee direct to the purchaser.
Two-bedroom apartments at The Quarters start at just £114,995, while three-bedroom houses are available from only £179,995, and all new homes currently available at the development are exempt from stamp duty.
The two-bedroom ‘Pearl’ and ‘Opal’ apartments are an ideal choice for first-time buyers, and boast a large living/dining area, a separate kitchen, two well-proportioned bedrooms and a bathroom off the private entrance hallway.
Each home at The Quarters benefits from at least one allocated parking space or a garage, while all will be finished to a high standard specification, including gas central heating, double glazing and a stylish fitted kitchen with built-in oven, hob and hood.
Situated in a peaceful location to the south of Colchester town centre, The Quarters is well-placed for families, lying within reach of several schools and a nationally acclaimed sixth-form college.
Shops and sports facilities are close at hand, while Colchester town centre is easily accessible and the coast at West Mersea is just seven miles away.
Meanwhile, commuters will appreciate good rail and road links to Chelmsford, Brentwood and London, and to Ipswich, Bury St Edmunds, Cambridge and the Midlands. For those travelling further afield, Stansted airport is 35 miles from the development.
Further information on new homes at The Quarters, and Family and Friends Advantage, is available by visiting the Sales Centre, located off Berechurch Hall Road, Colchester and open Thursday to Monday from 10am to 5.30pm.
