Buying a dream home could be easier than you think at Birkacre Park

Miller Homes' 'Birkacre Park' is not just a beautiful place to live it is also very affordable. Thanks to Miller Homes' positive approach to home buying, house hunters can now own a new 3-bed family home at Birkacre Park for less than the cost of renting!

Kay Halls, Miller Homes sales manager said: “Over the past month we have taken a poll of rental prices in the Chorley area. This confirms that rents for a three-bed semi-detached house can cost anywhere between £600 and £650 per month. For comparison we have been in touch with independent mortgage advisers who have confirmed that mortgages for the Rydal Special, a 3-bed link detached at Birkacre Park could cost as little as £472.92* per month.”

In August the Halifax 'Buying vs. Renting' researchº confirmed that rental costs had risen and it was now more expensive to rent than buy a new home. Tenants could also see the rent they are paying increase by up to 6.1%† based on the retail price index (RPI) inflation that rose to 5.6% in September. Housing Associations are allowed to set rent increases at RPI plus 0.5%† and the private sector rental market can set levels based on market forces. Since the credit crunch more people have turned to renting due to the large deposits required by mortgage lenders and the shortage of new homes. This has allowed rents to rise and they are focast to continue to increase.

If you are in the market, now is an excellent time to buy, with interest rates on a 31 month low and more new mortgage products are entering the market. New homes represent great value and with a ten year warranty and the range of incentives available to help people buy a new home or sell an existing property.

Miller Homes’ MiSWAP initiative is an excellent example. For people with a property to sell in a slow second-hand market, Miller Homes unique MiSWAP Home Exchange Scheme is worth considering. The scheme enables homeowners to trade their old home against a new Miller Homes property, whether it is worth more, the same or less than the property they wish to buy. All of this poses the question - why rent when buying can be cheaper?

Kay added; "for people renting or thinking about renting, now is an ideal time for them to consider their options. With the Government backed FirstBuy or our own MiSWAP Home Exchange schemes available moving can be a straight forward and stress-free process."

Kay continued; "…people fall in love with our Birkacre Park development, it offers the best of everything: It is in a beautiful setting with a landscaped park featuring a gazebo and pond, it is adjacent to Yarrow Country Park but close enough to the town centre amenities. No matter how people enjoy spending their free time, at Birkacre Park there is something for everyone. The development has a choice of 3, 4 and 5 bed family homes enhanced by attractive architectural detailing and hard landscaping. Birkacre Park is also close to Chorley's south bypass and offers easy routes to the M6 and M61 motorways."

The most affordable new home at Birkacre Park is the 3-bedroom Rydal Special priced at £154,950. It is also offered on the Government backed FirstBuy equity loan scheme with a move-in price of just £123,960 now. That places the Rydal Special firmly within reach of the first-time-buyer market.

English Partnerships chose Miller Homes as the developer because it had the vision to create a unique residential community with a high degree of building arts and incorporating 'Homezone' road safety principles. The result is one of the most desirable new locations in Chorley. The traditional Rydal Special is a prime example of the new homes available. Designed around today's busy family lifestyle this spacious 3 bedroom link-detached home has the added benefit of an en-suite master bedroom and a sheltered parking bay. There is a large open-plan living and dining area, ideal for family meals or dinner parties. The French doors leading out on to the rear garden are perfect for summer barbeques and introduce a light and airy ambience.

The allocation of FirstBuy properties is limited, although other incentives are also available. Kay recommends a visit to the marketing suite as soon as possible to explore the attractive development, view the stunning homes available and discover the range of incentives that could suit you.

For further information, visit millerhomes.co.uk.

* Terms and conditions and eligibility criteria apply to monthly figures quoted.