Last chance to HomeBuy Direct at Sandhurst Gardens
Miller Homes East Midlands has revealed that there is now only one chance left for buyers at its Mansfield development to take advantage of the HomeBuy Direct (HBD) scheme.
Sandhurst Gardens is an exclusive development that is close to the amenities of the town centre, near excellent commuter routes to Nottingham, Derby and the M1, and close to leafy suburbs and highly-rated schools.
It has proved to be a popular development and has now almost sold out of properties that have been for sale with HBD, which means that those who qualify have the opportunity to purchase 100 per cent of a property by paying from just 70 per cent of the value, with both Miller Homes and the Government equally funding the remaining 30 per cent.
The 30 per cent equity loan will only become repayable after 25 years or when the customer sells their home, whichever comes first, and there is no interest payable for the first five years.
HBD is open to first time buyers with a household income of less than £60,000 a year, key workers and current households who cannot afford to buy a property on the open market.
Joy Goodman, sales director for Miller Homes East Midlands, commented: “HBD has been a hugely successful initiative and has allowed more and more people to afford a quality home for life.
“The popularity of HBD is highlighted at Sandhurst Gardens, which now has just the one eligible property available, a semi-detached, three-bedroom Auden-style townhouse which offers spacious living with its conservatory-style bay windows, complete with French doors overlooking the garden.”
The Auden also hosts a spacious master bedroom fitted with an en-suite shower and dressing room. The other two rooms are a comfortable size and the house also accommodates a separate study.
The property is priced at £189,950, which means that under HBD, the buyer could only have to find a mortgage for as little as £132,965.
For more details on HBD or Sandhurst Gardens, visit the sales centre (postcode NG18 4BU), open Friday to Monday 10.30am to 5.30pm and Thursday 11.30am to 6.30pm.
