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Derbyshire property event for first-time buyers

4th November 2011 Print

A special event is giving first-time buyers the chance to discover how they can secure selected Taylor Wimpey homes in Derbyshire for just 80% of their purchase price.

The leading housebuilder is holding its FirstBuy Saturday event at its sought-after Briars Chase development of properties in Ilkeston on Saturday 12th November, when experts will be on hand to explain how the Government-backed FirstBuy scheme can help first-time buyers access houses and apartments in Derbyshire.

Under FirstBuy, qualifying purchasers can secure selected new build homes for sale in Derbyshire at Briars Chase for just 80% of the full price, including a 75% mortgage and a 5% deposit, subject to status.

The spacious Plot 69 two-bedroom apartment, for example, can be accessed by qualifying purchasers for 80% of its £88,995 purchase price under the FirstBuy scheme – that’s just £71,196 – including a deposit of only £4,450.

Carolyne Watkinson, Regional Sales Manager for Taylor Wimpey, says: “FirstBuy offers first-time buyers a unique opportunity to leave renting behind and purchase their own property in Derbyshire – and we’re giving home-hunters the chance to get the lowdown on how this incredible scheme could help them on to the property ladder.

“We have already experienced considerable interest in this fantastic initiative and there are a strictly limited number of homes for sale in Ilkeston available with the scheme, so I would stress to anyone interested in grabbing this great opportunity to visit Briars Chase during FirstBuy Saturday on 12th November to find out more.”

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 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.

Situated just a few minutes’ walk from Ilkeston’s thriving town centre, the new homes at Briars Chase benefit from a good selection of restaurants, shops, pubs and a cinema on the doorstep.

The development is also close to numerous infant, junior and secondary schools with Granby Junior School, Chaucer Junior, Infant and Nursery School, Bennerley School and Ilkeston Secondary School all less than a mile away.

For commuters, the A52 gives easy access to Nottingham and Derby, while the M1 provides excellent links to the North and South. Langley Mill railway station is less than four miles away, providing regular services to Nottingham in just 20 minutes and Sheffield in 45 minutes.

To find out more about FirstBuy, property-seekers should visit Briars Chase on FirstBuy Saturday, which takes place between 10.30am and 5.30pm on Saturday 12th November at the development, located off located off Heanor Road, Ilkeston.

For further information, visit

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