A kickstart for first time buyers in Dunstable
New homes at The Edge in Dunstable have proved to be popular among first time buyers thanks to the ‘Kickstart’ Homebuy initiative by Bloor Homes.
Since the launch of the development 11 properties have already been sold, 9 of which were through the new initiative which enables buyers to secure a home from just £76,975.
Vanessa Macnee, Sales Director at Bloor Homes comments: “As soon as we released the first properties at The Edge, there was an incredible amount of interest, particularly in the ‘Kickstart’ initiative. First time buyers have been amazed they can afford a property at The Edge and as a result we will continue to provide the opportunity to purchase through the ‘Kickstart’ scheme.
Under the ‘Kickstart’ HomeBuy initiative, buyers can move into one of the stunning one, two, three or four bedroom homes for just 70% of the original purchase price. The remaining 30% is paid by a shared equity loan funded by Bloor Homes and the Homes and Communities Agency.
Starting prices at the development are based on the one bedroom apartment, named ‘The Tiverton’. Designed to a high specification, the apartment offers a spacious living area which is open plan to the fully fitted kitchen featuring built-in appliances. The master bedroom features fitted wardrobes, and in some properties has an en-suite bathroom. All apartments have a secure door entry system, parking space and dual aspect Juliette balcony.
To be eligible for ‘Kickstart’, the applicant’s household must earn less than £60,000 per year and be unable to finance a property in the area where they currently live or work. An equity loan of up to 30% of the property price will be provided meaning the purchaser only needs to arrange finance for the remaining 70%, which can be done by arranging a regular market rate mortgage. The buyer can then purchase up to 100% equity of the property in instalments after they have moved in, or proportionally share the remaining equity of the house when it is sold at the current market rate.
Located just outside of Luton, Dunstable is bordered by the Dunstable Downs which are very popular for kite flying, although for the more adventurous there is always hand gliding or paragliding! Set within 510 acres of grassland and farmland, the Downs are a wonderful area to walk, combining a wealth of wildlife with fantastic views of the Vale of Aylesbury and Chiltern Ridge.
Dunstable is very well connected by major roads and motorways. The A5 is the town’s main road, heading North West to Birmingham. The M1 is the nearest motorway providing access to London in the South and Leeds in the North. Nearby Luton mainline station offers regular services to London St Pancras in just 24 minutes, where you are able to get Eurostar connections to Paris and Brussels. Luton Airport also flies to a wide range of international destinations from Marrakech to Kiev to Istanbul.
Apartments at The Edge available through ‘Kickstart’ HomeBuy start from £76,965, based on a full value price of £109,950. For further information on the homes available or to register your interest visit: bloor-homes.com
