Mortgage hope for first time buyers in Bedfordshire

At last, mortgages for first-time buyers have become much more affordable, which is good news for purchasers at developments such as Bloor Homes’ Lake View at Elstow, Bedfordshire.

In the past month the number of mortgage deals available on the UK market is said to have increased, and many lenders are said to have relaxed their rules slightly in order to make mortgages accessible to groups such as first time buyers.

So now could be a good time for first-time buyers to take a look at Lake View, the first village to be created in the visionary Wixams community just south of Bedford. With a three-bedroom house starting at just £189,950, Lake View has been a big hit with first-time buyers.

Vanessa Macnee, Sales Director of Bloor Homes South Midlands comments: “The fact that there are more mortgage products becoming available is a positive step in the property market. First time buyers have found that our new homes at Lake View present a very good option for a first purchase due to the location to Bedford train station and the town centre with its variety of shops and vibrant amenities.”

In addition to the setting, quality and design of the development, a major attraction is the eligibility of some properties for the BloorHomeStart2 scheme, which enables first-time buyers to pay an agreed percentage of their home’s price before moving in and pay the balance when they come to sell, or at any time over 10 years.

Lake View is the first of the new villages that will make up the cutting-edge Wixams community, a new township that draws on the best features of Bedfordshire’s classic market towns to create a sustainable, picturesque environment in which to live and work.

Properties at Lake View range from three-bedroom to five-bedroom houses, ensuring a real social mix of residents and plenty of scope for climbing the property ladder without relocating. And there will be little reason to relocate, since the proposals for Wixams include its own employment area, schools, health services, recreation facilities, transport links and community centre, providing a self-sufficient community. In short, everything a first-time buyer wants when looking for somewhere to put down roots. No wonder Lake View has appealed equally to professionals and families.

The bus route to Bedford and the surrounding area is already established; there is easy access to the A6, A1 and the motorway network; and the railway station at Bedford, offering fast services into London St Pancras, is just six miles away.

Prices at Lake View start from £189,950 for a 3 bedroom ‘Tidbrook’ housetype. For further information visit: bloorhomes.com/lakeview