Time's running out for HomeBuy Direct in Scunthorpe

House hunters should act now if they want take advantage of the Government’s popular HomeBuy Direct shared equity scheme at Stamford Homes’ Water’s Edge development in Scunthorpe.

The incentive – which allows customers to own 100 per cent of their new home but for just 70 per cent of the price – draws to a close in September 2010.

HBD reservations are now being taken on the range of two-bedroom apartments at Water’s Edge, where the completion dates coincide with the end of the shared equity scheme’s availability.

The incentive has proved hugely popular with buyers across the board, and particularly with first time buyers and key workers.

The shared equity scheme allows customers to own 100 per cent of their brand new home for just 70 per cent of the price – giving them the opportunity they might have not otherwise had to own their dream home.

The remaining 30 per cent is met equally by Stamford Homes and the Government through a repayable loan, interest free for five years.

Stamford Homes marketing manager Juliana Russell, said: “We have already seen a high number of reservations through the HomeBuy Direct scheme, which gives first time buyers and key workers in particular the opportunity select the home of their dreams at a price they can afford.

“However, time is running out for customers who want to take advantage of this scheme, as we are now taking the final reservations on the apartments eligible under the HBD scheme, within the time frame required.”

Water’s Edge currently boasts a selection of two-bedroom apartments as part of the overall Lakeside development. Prices for a ground floor apartment with parking currently start from £107,995.

The sales and marketing suite, show apartment and show homes are open Thursday to Monday from 10.30am until 5pm.