Take advantage of mortgage easing with persimmon homes for sale in Lowestoft (1)
04 October 2011
With weekly reports of new mortgage products and deals coming to the market, Persimmon Homes West Midlands is encouraging those thinking about moving onto or up the property ladder to pay a visit to its Abbot’s Field development in Wolverhampton 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 properties at Abbot’s Field 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 homes at Abbot’s Field represents such great value for money,” states Mariana Knight, sales and marketing director for Persimmon Homes. 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.
“Our Abbot’s Field development currently hosts a selection of three and four bedroom houses for sale in Wolverhampton which are ideal for first time buyers, growing families or downsizers alike. Our range of properties and buying options to match has been created to suit an array of homebuying needs.”