New way to buy new houses in Rugby for less

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FAST-MOVING first-time buyers can get help to step on the property ladder with the Government’s new FirstBuy scheme at Caldecott Manor in Rugby.

The initiative lets qualifying purchasers secure their new home for 80 per cent of the full purchase price – including a 75 per cent mortgage and a 5 per cent deposit, subject to status.

For example, the two-bedroom Ragley apartment at Plot 177 – which is currently on offer at a special launch price of £99,995 including flooring – can be bought by qualifying first-time buyers for 80 per cent of this price under the FirstBuy scheme with a deposit of only £5,000.

Jan Titley, regional sales and marketing director for Taylor Wimpey, says: “We’re delighted to announce that the Government’s new FirstBuy scheme is now available at Caldecott Manor, offering local first-time buyers a unique opportunity to leave renting behind and step on to the property ladder in style.

“We have already experienced considerable interest in this fantastic initiative and availability is strictly limited, so I would stress to anyone interested in taking advantage of the offer that they must be quick to avoid missing out.”

FirstBuy works through a joint loan of 20 per cent from the Homes and Communities Agency (HCA) and Taylor Wimpey, which means that eligible purchasers need put down only a 5 per cent deposit and obtain a 75 per cent 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.

Each Ragley apartment features a contemporary open-plan living/dining room with fitted kitchen. The master bedroom has 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. It has allocated parking and access to a communal garden.

Visit the Sales and Marketing Suite, located off Boughton Road, Rugby, open from 10am to 5pm or telephone 0845 071 4611.