Get help buying a new property in Rugby
Stay-at-home kids can get a helping hand into home-ownership at Taylor Wimpey’s Caldecott Manor development of new homes in Rugby thanks to an exciting Government-backed scheme – and some parental assistance!
With many properties for sale in Rugby out of financial reach for lots of first-time buyers, more and more adults are taking advantage of their parents’ kindness and staying put in the family home.
Thankfully, the fantastic FirstBuy scheme is available with a limited number of the leading housebuilder’s stunning new houses and apartments in Rugby on sale at Caldecott Manor, meaning they are accessible to qualifying first-time purchasers for just 80% of their full price, subject to status.
This means that parents can help their children secure their perfect West Midlands property by providing a deposit of as little as £5,399*!
Jan Titley, Regional Sales and Marketing Director for Taylor Wimpey, says: “Rising house prices and the need for increasingly large deposits means a lot of aspiring first-time buyers are unable to afford many of the houses or apartments for sale in Rugby.
“While having the kids around for longer can be great, many parents will feel the need for this to be a temporary rather than permanent situation, and with this in mind, FirstBuy could be the ideal solution.
“Under this superb initiative, selected new build homes in Rugby available now at Caldecott Manor are accessible to qualifying purchasers for just 80% of their full price, including a 5% deposit – meaning parents could get rid of the kids by helping out with just a small downpayment.”
FirstBuy works through a joint loan of 20% from the Homes and Communities Agency (HCA) and Taylor Wimpey, which is repayable at the end of the 25-year mortgage term or when the property is sold. To be eligible, purchasers must be first-time buyers and their total household earnings should be less than £60,000.
This means the stylish two-bedroom ‘Ragley’ apartment, priced £107,995, is accessible to qualifying first-time buyers for an 80% FirstBuy price of just £86,396 – so parents can help their overgrown offspring fly the nest by providing a 5% deposit of only £5,399!
Each ‘Ragley’ apartment at Caldecott Manor features a contemporary open-plan living/dining room with fitted kitchen, perfect for relaxing or entertaining.
A spacious master bedroom boasts an en-suite shower room, while there’s a second bedroom, a main bathroom and a handy storage closet located off the private entrance hallway. Outside, there’s allocated parking and access to a beautiful communal garden.
Caldecott Manor is a prestigious development on the outskirts of historic Rugby, close to waterside walks along the Avon and overlooking Oxford Canal as well as the beautiful Warwickshire countryside.
Commuters will appreciate that the new homes are just a few minutes’ drive from Junction 1 of the M6, while Rugby train station is just a short walk from the development and offers rail links to London in 50 minutes, Coventry in 12 minutes and Birmingham in just under half an hour.
Elliots Field leisure and retail park is also within walking distance, while plenty of shopping opportunities are on offer at Junction One retail park and in Rugby town centre, where a wide selection of pubs and restaurants can also be found.
Rugby offers an excellent choice of schools, including the opportunity of a grammar school education for children taking the 11-plus, while Rugby School is one of England’s oldest and most prestigious public schools.
For more information on FirstBuy at Caldecott Manor, visit taylorwimpey.co.uk.
