Why rent when you can buy in Boston
Leading homebuilder Persimmon Homes East Midlands has now re-launched its popular shared equity scheme at The Waterfront development in Boston to assist more househunters secure the home of their dreams.
There’s no denying that even though the housing market is on the up, securing a mortgage for a new home is still proving quite tough, which is why Persimmon’s shared equity scheme has been specifically designed for buyers who want to move onto the property ladder but don’t necessarily have all the funding that is required.
Carrie Warren, field sales manager for Persimmon Homes East Midlands, explains shared equity: “Through this scheme, buyers either pay 75 per cent of the value of an apartment and 85 per cent of a four bedroom house and payment on the remaining per cent, which is repayment and interest free for five years, can be deferred for up to ten years.”
One bedroom apartments at The Waterfront start from just £67,496 through the 75 per cent shared equity scheme and with acclaimed local letting agent reporting that rent on a flat in Boston can be as much as £475 per month, buying instead of renting is proving to be the more affordable option.
Carrie concludes: “Our shared equity scheme is a first time buyers dream as they’re safe in the knowledge that they own their own home, whilst still paying less they would in rented accommodation, it’s a win-win situation.”
The Waterfront consists of a selection of one and two bedroom apartments, set in a delightful location adjacent to the River Haven. Prices through shared equity start from as little as £67,495 and you would only need a small deposit of £3,380 to be able to take advantage of this amazing offer.
The development benefits from easy access to Boston’s plentiful amenities as well as excellent transport links to Lincoln and the coast. London can be reached from Boston’s train station in a little over two hours.
For further information on The Waterfront in Boston or to find out more about HomeBuy Direct, visit the marketing suite open Thursday to Monday from 10.30am to 5.30pm.
