First time buyers in Rochdale get national funding boost
The North West’s leading housebuilder has secured national funding to help First Time Buyers in Rochdale who want to take their first step on the housing ladder.
David Wilson Homes North West today announced that hundreds of local households who have previously been priced out of home ownership will be able to take advantage of the Central Government money to buy a property of their own.
The funds are part of a new scheme called FirstBuy which the Chancellor announced in the Budget in March. It is designed to give First Time Buyers in Rochdale a route to home ownership at the lowest possible cost and with the lowest possible deposit.
“Hundreds of First Time Buyers in the North West now have the chance to move into a new home with a deposit of as little as £4,400,” said Steve Jackson, Sales Director at David Wilson Homes North West.
“Everyone should be clear that this is a great opportunity to buy a privately owned first home of your own.
“A lot of people in Rochdale will be eligible to take advantage of FirstBuy – any household with a combined income of up to £60,000 qualifies - so I would urge anyone interested to contact us as soon as possible. We have limited availability in this area but we know that demand will be high because thousands of people have already registered their interest.”
Under FirstBuy, buyers will be offered a loan of up to 20 per cent of the price of the property, jointly funded by David Wilson Homes North West and the Government’s Homes and Communities Agency (HCA).
The buyers then have to find the remaining 80 per cent of the price themselves. Up to 75 per cent of this could be a mortgage, leaving a deposit of just five per cent.
“From the point of view of a First Time Buyer in Rochdale, FirstBuy represents a once in a lifetime opportunity to take their first step on the housing ladder,” added Steve.
Richard Hill, deputy chief executive at the HCA, said: “Thanks to FirstBuy over 10,000 First Time Buyers will be able to realise the dream of owning their home, while house builders will benefit from an additional source of sales, giving a much-needed boost to the development industry.”
Purchasers in Rochdale can take advantage of FirstBuy on the stunning three bedroom Archford home at David Wilson Homes’ Kingsway development. Featuring a large open plan kitchen and dining room, the Archford is perfect for entertaining guests. There is also a generous sitting room with a bay window, allowing light to flood into the room to create a bright and airy feel.
Kingsway is set within a naturally rolling landscape, with many properties enjoying canal-side views. The development is also located adjacent to Kingsway Business Park and offers easy access to the bustling town of Rochdale. Prices start at £94,995 for a one bedroom home to £249,995 for a four bedroom design. For further information on Kingsway, visit dwh.co.uk.
