2012 is starting on a positive note for one housebuilder in Leyland, who is reporting a successful start to the year.
The Oaks development, off Golden Hill Lane and developed by Taylor Wimpey Manchester, has seen a surge of interest since the introduction of the Government’s FirstBuy scheme, on top of the success of its own part exchange scheme.
FirstBuy has breathed life into the first time buyer market, offering a lifeline to those without a deposit.
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 the total household earnings should be less than £60,000.
This means that, at The Oaks, the starting price for a new home is now £127,995, including a deposit of just £7,999.
A stylish collection of three bedroom semi-detached Croxton and Westerham homes are available with FirstBuy.
Part exchange is valuable to those who want to move but have a house to sell first.
Using part exchange means that Taylor Wimpey will act as your cash buyer for your current property – removing the strain of trying to sell your home on the open market.
Taylor Wimpey will undertake a survey, agree a price and set a completion date, cutting out costly chains and estate agent’s fees.
Anthony Mansfield, regional sales and marketing director for Taylor Wimpey Manchester, comments: “We want to do everything we can to make buying your new home easy – and to keep costs down for all purchasers.
“The FirstBuy and part exchange schemes have really brought this development to life, and we’re finding that many people are now in a position to buy because of them.
“FirstBuy really makes the difference to those who can afford the monthly repayments on a mortgage but not the hefty deposit.
“With only 80 per cent of the property’s value to finance, buyers will have access to a wider choice of mortgage products and more competitive interest rates.
“Part exchange allows those with a home to sell the chance to relax and look forward to their move, rather than wait for a buyer. ”
Located just a few minutes away from the M65, M61 and the M6, the area is well connected to the North West, while rail connections via Preston provide excellent access to Scotland, the Midlands and London.
Leyland itself offers an extensive range of shops, eateries and bars, as well as a number of popular leisure facilities nearby including Worden Hall, Longton Brickcroft and Cuerden Valley Country Park.
For more information about The Oaks call 0845 672 4187 or visit www.taylorwimpey.co.uk.
Alternatively, you can call in to the sales office on Wheelton Lane, off Golden Hill Lane.