Buyers looking for an affordable route into home ownership should visit Lincoln Gardens in Doncaster to find out more about owning a home from £94 per week.
House builder Lovell has released a number of new two-bedroom homes at the development, located just off Carr House Road, which are available to purchase using the Government-backed Help to Buy scheme.
The £94 per week figure is based on buyers purchasing the two-bedroom mid-townhouse Darwell-style home, priced at £114,995, with Help to Buy and securing a 25-year mortgage with Nationwide at an interest rate of 2.94%.
Home buyers need only a 5% deposit and 75% mortgage to secure a home using the scheme, which is backed up by a 20% equity loan from the Government.
Sue Bowker, Sales Adviser at Lincoln Gardens, comments: “This is a fantastic way for first-time buyers to get onto the property ladder and we have a range of homes to suit all lifestyles. Help to Buy offers a more affordable route into home ownership, because buyers need only a 5% deposit to secure a mortgage. The 20% equity loan is funded by the Government and provided by the Homes and Communities Agency, but home buyers do not pay any interest on the loan for the first five years. Those who are currently renting may even find that purchasing a Lovell home using this Government-backed shared equity scheme is cheaper than renting and is a more manageable way to get on the property ladder.”
Alternatively, buyers wanting an end townhouse can own the Banbury home, priced at £115,995, from £95 per week or the Ashworth home, priced at £116,950, from £96 per week, based on home buyers securing a 25-year mortgage with Nationwide at an interest rate of 2.94%.
All homes feature a spacious living room and combined fully fitted kitchen/dining room benefitting from high specification finishes and integrated cooking appliances, two bedrooms and sleek family bathroom, plus a parking space.
The Darwell and Banbury also benefit from an en-suite shower room to the master bedroom.
Sue adds: “Home buyers can find out more about our new releases and how to purchase using Help to Buy by visiting Lincoln Gardens.”
The newly released homes are priced from £114,995.
To find out more visit Sue at the marketing suite and show homes, open every day from 10am to 5pm. Alternatively, go to www.lovellnewhomes.co.uk or call 01302 515865 for more details.