A leading North East housebuilder is giving a boost to first time buyers with a special event next weekend (2 March).
On Saturday, 2 March, Miller Homes is hosting an open day at its Willows Edge development off Woodside Lane, at Ryton, Gateshead.
And a financial advisor will be on hand to advise those keen to take advantage of the recent fall in interest rates to get their feet on the property ladder.
The development – one of 10 from Miller across the North East – comprises 97 properties and the focus of the event will be on the three bedroom homes, which have been designed to appeal to first time buyers.
Among the house styles for sale are the Carson, Whitton and Braxton, each of which is fully detached and has two bathrooms and driveway parking, along with individual feature such as bay and French windows and laundry rooms.
The semi-detached Denton and Harrison also have three bedrooms, designed to accommodate the needs of those working from home or planning to extend their family.
A key element of the event will be the chance for those new to the property market to learn more about their buying options and how much they may be able to borrow.
Those attending the event will be able to seek advice on every aspect of the process of buying a house – and Dave Walton from the Mortgage Advice Bureau said conditions have never been more favourable for those planning to buy their first home. …mf
“Lenders are happier to lend more money to people who are buying new builds and there are also some fantastic builder incentives around at the moment,” he said.
Miller Homes is offering buyers a range of financial incentives, including an offer to pay the first year’s mortgage and meet the cost of carpets in properties across Northumberland, County Durham, North Tyneside and Tyne and Wear.
It is also running a deposit match scheme whereby if a potential buyer has saved five per cent of the total property price of their desired Miller home, the company will match it.
And the third incentive is part exchange with the possibility of a contribution to the deposit, effectively making Miller Homes the buyer of the ‘old’ property – saving estate agent fees and the associated stress of selling a home.
“There has not surprisingly been a massive shift towards buying new builds because they are more energy efficient,” said Dave Walton. “A recent report by the Housebuilders Federation showed that there are savings of up to £135 a month on energy at new builds.
“Supply is beginning to outstrip demand, too, so people shouldn’t delay in buying, if they see a home they particularly want.”
The Willows Edge First Time Buyers event will take place in the sales office between11am and 4pm and more information about this and other Miller Homes developments can be found at https://www.millerhomes.co.uk/new-homes/north-east/woodside-lane-ryton.aspx
For details of other developments across the North East offering a selection of three, four and five bedroom homes visit https://www.millerhomes.co.uk/locations/north-east-of-england.aspx
