Why rent when you can buy in Milton Keynes

It's good news for first time buyers - it may be cheaper to buy a new home than it is to rent one at David Wilson South Midlands’ Inspirations development on Countess Way in Broughton thanks to the housebuilder’s Head Start shared equity deal that it is currently offering on selected homes.

Head Start is a payment deferral scheme that allows purchasers to initially move in to a new home for just 85 per cent of the asking price. The remaining 15 per cent is funded by a deferred David Wilson loan that is payable either in 10 years time or when the property sells, whichever comes sooner.

David Wilson is currently offering this deal on the stylish two- bedroom apartments at the development meaning home ownership can become a reality for as little as £123,245.

Better still, those who put down a deposit of £7,950 will find that the monthly mortgage repayments are as little as £720, meaning buying a property could be cheaper than renting.

Jackie Day, Sales Director at David Wilson, comments “Head Start is an ideal scheme for budget conscious purchasers who are worried about living beyond their means during the current economic climate.

“With this deal, purchasers can buy one of our two- bedroom apartments for just £123,245, with a deposit of just £7,920 which means the monthly mortgage repayments could be as little as £720.

“This is an incredible price that first time buyers simply cannot afford to miss out on. We want to change the perception that buying a new home is expensive and we’re asking first time buyers, why rent when you can buy?”

Inspirations is located on Countess Way currently offers a contemporary range of two, three and four- bedroom homes.

The development benefits from a convenient location close to the motorway yet is within easy reaching distance of Milton Keynes and the wide variety of leisure and recreational facilities it has on offer.

To find out more, log onto the website at: dwh.co.uk