Take advantage of mortgage easing with Persimmon flats for sale in Leicester
02 September 2011
With weekly reports of new mortgage products and deals coming to the market, Persimmon Homes North Midlands is encouraging those thinking about moving onto or up the property ladder to pay a visit to The Wickets development in Leicester as the leading homebuilder has a range of affordable properties to view and buying options to match.
What’s more, the new Government-backed FirstBuy scheme is available on selected apartments at The Wickets and is a welcomed boost, in particular, for those seeking to make that first step onto the property ladder.
FirstBuy, which is offered through equity loan funding of up to 20% of the purchase price of a property, means first time buyers just need to raise funding (a mortgage plus deposit) of at least 80% of the purchase price.
“Our collection of apartments at The Wickets represents such great value for money,” states Mariana Knight, sales and marketing director for Persimmon Homes North Midlands. She adds: “This coupled with the fact that mortgage lending is continuing to ease means our purchasers aren’t required to find such a large deposit as some financial institutions are starting to offer 90 per cent mortgages. Plus the new FirstBuy scheme really is making owning your own home an affordable reality.”
In addition, Persimmon’s recommended independent financial advisers now have access to a greater variety of fixed, variable and tracker mortgages, and the fact that the Bank of England base rate remains at just 0.5 per cent means monthly mortgage payments are on average far more manageable than in previous years.
Mariana continues: “We’re here to reassure those who think they can’t afford to move, that this couldn’t be a better time to take advantage of the range of mortgage products and buying options available. In particular, homebuyers are already seeing the benefits of FirstBuy and we are delighted to have reservations on the development already through the scheme.
“The Wickets currently hosts a selection of one and two bedroom apartments which are ready to move into straight away and are ideal for first time buyers looking for flats for sale in Leicester. What’s more, with rental incomes between £575 and £625 a month in the area, those looking for a second property as an investment won’t be disappointed. Situated close to both the hospital and university, properties to rent in the area are in demand. So whether looking to buy or for an investment, The Wickets ticks a lot of boxes.”