Time for Sedgley househunters to buy their first home

Househunters in Sedgley are being advised by experts that now is the perfect time to make the move into home ownership as rent prices continue to increase.

Statistics have shown that rents have increased for the ninth consecutive month, and Morris, the housebuilder behind the Eden Fields development on Wolverhampton Road East, is advising househunters to step onto the property ladder with the Government-led FirstBuy scheme.

FirstBuy allows buyers to purchase a property for 80 per cent of its value, enabling them to benefit from lower mortgage repayments and the fact that they do not need to save a large deposit, whilst owning 100 per cent of the property.

Cindy Vials, regional sales director for Morris, said: “The FirstBuy scheme is a great opportunity for buyers to purchase their first property, something that they otherwise would be unable to do because of the need to secure a large deposit.

“Under the scheme, homeowners benefit from better mortgage rates, which ease some of their financial worry and let them concentrate on enjoying their dream home in Sedgley, a short commute from Wolverhampton and Birmingham city centres.”

Morris currently has a selection of properties available under the First Buy scheme at Eden Fields starting from £159,950.

For more information on Morris’ schemes, visit morrishomes.co.uk.