Development news
FIRSTBUY GETS FIRST TIME BUYERS ON THE LADDER IN WESTON COYNEY.
Compendium has announced that it has a number of homes available on its Weston Heights development which qualify for Firstbuy, the Government-backed scheme designed to help people on to the property ladder. Under the scheme, the Government and Compendium contribute a loan of up to 20% of the house price, so buyers could only have to find a mortgage for 80% of the price and, crucially, a significantly smaller deposit.
"We're delighted to be able to bring Firstbuy to our Weston Heights development in Weston Coyney," says Lorraine Kendrick, regional sales manager for Compendium. "Mortgages and large deposits are so hard to find for first-time buyers at the moment but this scheme can make a huge difference. It makes first-time buyers' money go further and brings the dream of owning your own home within reach at last".
The deposit first-time buyers will be asked to find will be only a fraction of what banks and building societies would usually demand. For example, Compendium has a Carleton two bed semi-detached home available for £119,950. If Firstbuy contributes £23,990, the buyer has to find a mortgage for just £95,960. The 5% deposit would therefore be only £4,798.
Firstbuy is available on several of Compendium's two bed homes as well as several three bed semi-detached homes, which start at £139,950 (just £111,960 under Firstbuy).
Despite paying from only 80% of the cost up front, buyers will still own 100% of their new home.
Visitors are very welcome at Weston Heights, to find out more information, please call our Sales Advisor on 01782 599100 or visit our site daily from 10am until 5pm.
NEW SCHEME FROM COMPENDIUM MAKES FIRST-TIME BUYERS’ DREAMS COME TRUE
Compendium, which has an impressive development of houses in Weston Coyney, has launched a brand new initiative designed to help buyers who do not have enough deposit saved to get the best mortgage details. ‘Match and Move' is a 10-year interest free loan that makes mortgages more affordable
Now it is hoped that buyers at the Weston Heights development will be able to make a purchase instead of continuing to save for their deposit or trying to increase the size of the deposit to access the best mortgage deals. Under Match and Move, Compendium loans buyers up to 10% to match their deposit - and this loan is interest-free for up to 10 years.
For example, if a purchaser wanted to buy a £150,000 Compendium home and had a £7,500 deposit, Compendium would match that with another £7,500 as an interest-free loan. So the buyer would only need to find a mortgage for £135,000 - and with a larger deposit, they'd open up a whole range of better, lower-rate mortgages.
Lorraine Kendrick, Regional Sales Manager for Compendium, comments:
"We're always looking for ways to help people who really want to buy one of our homes, and this new initiative is in direct response to the needs of our buyers and potential buyers. Buyers save hard for their deposit these days - they have to - so it's a real boost to them if we can give them the same amount again. With ten years to repay the loan and no interest to pay, it gives buyers plenty of time. I'm looking forward to seeing this scheme making a first new home possible for many people in Weston Coyney."
Visitors are very welcome to view the 2 and 3 bedroom houses at the Weston Heights development, To find out more, call our Sales Advisor on 01782 599100 or visit the site Thursday to Monday 10am-5pm.
A BRAND NEW 2 BEDROOM BUNGALOW FOR HOW MUCH ?!
The Barham, 2 bedroom bungalow from only £26,238**
Choose your home and choose your payment option !!
We appreciate that everyone has different circumstances when it comes to buying a new home from the type and size of property to choosing a payment option that suits you, That's why we have a range of properties that include The Barham 2 bedroom bungalow for only £26,238** on shared Ownership and we have 'Flexi Tenure' which means that you can choose the purchase option that best suits you from the lst below.
- Shared Ownership - Own from as little as 25% of the property and pay rent on the remainder**
- Helping Hands - We'll help you to sell your property*
Call our Marketing Suite on 01782 599 100 for more details on this and our other homes we have to offer or e-mail your enquiry to sales.midlands@lovell.co.uk.
**Purchasers and tenants must meet our eligibility criteria, £26,238 represents a 25% equity share, monthly rent and service charge also payable. Available on selected plots only.
(19 May 2011)
YOU BUILD YOUR SAVINGS - WHILE COMPENDIUM BUILDS YOUR HOME.
Compendium has unveiled a brand new scheme that could help buyers secure their ideal home. Bank & Build is a scheme unique to Compendium, which allows buyers to secure their brand new home while still saving for their deposit. And not only are buyers rewarded with a new home at the end of the process, but as an added bonus Compendium will also double the buyer's deposit.
At Compendium's Weston Heights development in Stoke, buyers could secure a Carleton two bedroom semi-detached house for £119,950. This is a great price to help first-time buyers start on the property ladder - and Bank and Build brings it even more within reach.
"It's not easy to afford your first home without a little help, " says Lorraine Kendrick, Regional Sales Manager at Compendium. "That's why we've created Compendium Bank and Build. It's quite simple: an independent financial adviser will help you decide what price home you can afford and the deposit required. Then we agree how much you need to save each month towards your deposit. The best part is that once you reach your deposit target of 5% of the purchase price, we will match that deposit."
Take the £119,950 two-bedroom semi-detached house at Weston Heights: a buyer would need a deposit of £5,997. If, for example, they had already managed to save £3000 towards a deposit they could save the other £2997 by putting aside £499 a month for six months. Then Compendium would double the deposit to 10% and suddenly the buyer has a deposit of £11,994 and only needs a mortgage for £107,956.
The beauty of Bank & Build is that not only does it incentivise and reward the buyer for saving for their deposit but it also potentially helps create lower mortgage repayments thanks to the lower mortgage interest rates available with a 10% deposit.
Compendium's Weston Heights development has two, three and four bedroom homes available, all of which are built to extremely high standards. They are comfortable, secure and energy-efficient. Visitors are very welcome at Weston Heights, to find out more, call 01782 599100 or visit the site 7 days a week 10am - 5pm.
INCREDIBLE VALUE HOMES IN THE HEART OF THE WESTON HEIGHTS COMMUNITY
Compendium, which has an impressive development of houses and apartments in Weston Coyney, is offering four homes at an exceptional price and also complete with a host of added extras.
"When they're gone, they're gone" says Roberta, Sales Advisor at Weston Heights. "These are the last four homes available on this phase of the development, which means that anyone moving in can enjoy the luxury of a brand new homes but without the concerns over continuing construction work nearby. These homes are nestled into the area where the new homes and the more established homes come together, right on the edge of the Staffordshire Moorlands. When you think that Stoke city centre is just minutes away, you'd be amazed to find that looking out of your first floor windows, you'll see green fields and cows grazing".
What buyers would also be amazed by is what they get for their money. The two-bed semi-detached homes are just £119,950, while the three-bed semi-detached home is only £139,950. All of the homes are generously-sized with interesting, flexible space inside. Each of these last four are available and are already fully carpeted and have their gardens turfed and fenced.
For those people who are interested in buying but think they may not have the deposit, Compendium has launched a series of brand new initiatives designed to help exactly those buyers. For example, Match and Move is a 10-year interest free loan that makes mortgages more affordable. Compendium loans buyers up to 10% to match their deposit - and this loan is interest-free for up to 10 years.
In addition, there is Give and Gain, which rewards parents (and other family and friends) who are able to help you pay the deposit you need. Give and Gain will reward their generosity by paying the equivalent of 5% interest on the deposit you've been given - a return that's unlikely to be beaten by the banks. Then there's Bank and Build, where an independent financial advisor will help you decide what price home you can afford and the deposit required. Then we agree how much you need to save each month towards your deposit. The best part is that once you reach your deposit target of 5% of the purchase price, we will match that deposit.
Compendium's Weston Heights development has 2, 3 and 4 bedroom homes available, all of which are built to extremely high standards. They are comfortable, secure and energy efficient. Visitors are very welcome at Weston Heights, to find out more, call 01782 599100 or visit the site daily.