FirstBuy eases deposit nightmare for first time buyers in Runcorn

After recent statistics revealed that over the last decade first time buyer property prices have risen by 76%* and the average deposit has more than doubled, it’s no surprise many people are choosing to rent for longer.

However, help is at hand for first time buyers struggling to get on the property ladder in Runcorn, as Taylor Wimpey North West has the fantastic FirstBuy scheme** available at The Deck, where a new apartment can be snapped up from as little as £55,960**, and a deposit of £3,498**.

Designed to help first time buyers overcome the home buying hurdles, FirstBuy works through a joint loan of 20% from the Homes and Communities Agency (HCA) and Taylor Wimpey, which means that eligible purchasers only need put down a 5% deposit and obtain a 75% loan-to-value mortgage. The loan is repayable at the end of the mortgage term or when the property is sold. To be eligible, purchasers must be first time buyers and the total household earning should be less than £60,000.

Sam Williams, regional sales and marketing director for Taylor Wimpey North West, said: “Looking for a house can often be very daunting for first time buyers and with large deposits and the cost of living going up, it’s not surprising people are choosing to rent for longer – many see this as the only option. At The Deck it really is possible to purchase that first property, especially as we have the brilliant FirstBuy scheme in place. So if you’re fed up of renting or living with mum and dad, why not pay us a visit and find out whether we can help you move into your perfect first home?”

Using the FirstBuy scheme at The Deck, a one bedroom Spring apartment, on the market for £69,950, can be purchased from as little as £55,960** and a 5% deposit of £3,498**. A two bedroom Jetty apartment, on the market for £90,950, can be yours from as little as £72,760** and a 5% deposit of £4,548**.

The Deck, which enjoys an enviable riverside location with stunning views across the Mersey, is set near to the centre of the old town which benefits from communal recreational areas and a range of retail facilities. Commuters will find getting out and about is easy, as major road and motorway networks are only a short drive away, the city of Liverpool is just 16 miles away and Chester and Manchester also within easy reach.

For further information, visit the marketing suite on Mersey Road, open Thursday to Monday from 11am until 5.30pm. Alternatively, log on to taylorwimpey.co.uk.

*Lloyds banking
**Subject to affordability and circumstances on selected plots only.
**Terms and conditions apply and full details will be provided on request.Your home may be repossessd if you do not keep up repayments on your mortgage