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Beat soaring rental prices with a new home in Wrexham

20th July 2011 Print
Canterbury show home at Mountain View

It might be doom and gloom for tenants, but for would-be homeowners, there’s never been a better time to buy a home in Wrexham.

As rents continue to soar – rising by a whopping 40 per cent in the last year alone according to the Royal Institute of Chartered Surveyors (RICS) –investing in a property of your own now makes more financial sense than ever.

And with a range of incentives in place to make buying affordable, it’s new build properties that are stealing a march on the rest of the market.

A combination of 5% deposit paid, Deposit Match and Easystart shared equity deals – allowing buyers to own 100 per cent of their home for just 85% of the price – is helping national housebuilder, Taylor Wimpey, attract a steady stream of prospective purchasers, despite an overall market that remains sluggish.

Anthony Mansfield, sales and marketing director for Taylor Wimpey Manchester, explained: “We are seeing a shift in the rental versus buying debate.

“While in the past renting could be an affordable option, recent price increases are putting even the smallest homes beyond the reach of many tenants. Many are starting to question the advantages of a monthly mortgage over a monthly rent and see rent as dead money.

“At the same time housebuilders, including ourselves, are offering a great range of deals that make buying the option which makes sense.

“For those worried about the initial outlay of a deposit, we offer to pay a 5% deposit or match a deposit you have already saved, subject to conditions.”

“Unlike renting, each mortgage payment you make is an investment and with a fixed deal you will know what you’re outgoings are for years ahead – an important security in these financially-straightened times.

“A new build home will also cost less to maintain and secure. All our properties have to meet National House Building Council regulations.

“In future, with rents set to rise even higher, more and more people will struggle to find a rental property within budget and look to buying as the better option.”

The RICS survey also revealed that the cost of renting rose across every UK region this year - with more price hikes to come.

Taylor Wimpey Manchester is currently building at Mountain View in Wrexham.

Surrounded by picturesque countryside and looking onto the Welsh hills, Mountain View is a spectacular development.

There is a selection of two, three and four bedroom homes, with prices from £87,500.

Handy for the bustling centres of both Wrexham and Chester and offering easy access to the A483 – leading directly to the M53 – it is an ideal choice for commuters or young professionals as well as those looking to upsize.

For further details visit the sales office on Mountain View, Brymbo Link Road, Tanyfron Road, Wrexham, LL11 5FE, which is open Thursdays to Mondays, 11am to 5pm.

More Photos - Click to Enlarge

Canterbury show home at Mountain View