It pays to invest in family in friends
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 Southwood, Taylor Wimpey’s stunning development in East Northamptonshire.
This incredible investment opportunity offers friends or relatives providing a deposit up to 20% of the price of a selected brand new home at Southwood a guaranteed 5% return on their outlay every year for the next five years.
For example, a £19,000 deposit on the delightful one-bedroom ‘Lodmoor’ apartment, priced £94,995, would guarantee a return of £950 each year and a total of £4,750 over the five-year period – that’s a quarter of the overall investment amount!
Kelly French, Sales and Marketing Director for Taylor Wimpey East Midlands, 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, and can work out better than having the money sitting in the bank.
“But because the scheme is only available on a limited selection of homes, we’re urging people to come along to Southwood now, to make sure they don’t miss out!”
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.
The ‘Lodmoor’ is the perfect choice for a first-time buyer seeking a beautifully well laid out home with its own private front door and entrance hallway, leading up to the accommodation on the first floor.
Comprising a light and airy lounge/dining room with open-plan kitchen, a superb double bedroom and a shower room off the entrance hallway, plus a garage and a private garden, this stylish, contemporary design is set to be in high demand.
And, like all new homes at Southwood, it is finished to a high standard specification including double glazing, central heating and fully fitted kitchen with oven, hob and hood.
With a range of new three and four-bedroom houses from just £129,995 also available at the development, plus incentives to help those with a property to sell to find a purchaser in as little as six weeks, Southwood, in the brand new village of Little Stanion, is an ideal location for all types of homebuyer.
Incentives can be tailored to homebuyers’ circumstances and are subject to availability. Further details are available from the Sales Executive.
Little Stanion, located on the edge of the established village of Stanion, is a growing community blending modern living with traditional neighbourhood values, and with open countryside on the doorstep.
Providing all the benefits of relaxed village life, with shops, playing fields, village greens, lakes, woodland walks, cycleways and a primary school opening soon, Southwood is also just three miles from Corby, home to a new shopping centre, an Olympic-sized swimming pool and a railway station with direct services to London St Pancras.
To find out more about Family and Friends Advantage at Southwood, visit the Sales Centre and showhomes, located off Longcroft Road, Little Stanion, and open Thursday to Monday from 10.30am to 5.30pm.
