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If you are struggling to get on the property ladder, Countryside Properties is offering you the chance to buy a stunning new apartment in the next eagerly awaited phase of its award winning regeneration scheme, New Broughton.
New Broughton's cool and quirky cousin, The Broughton Quarter, comprises 99 one and two bedroom apartments designed to bring a bohemian air to the suburban chic pioneered by phase one and two of the scheme.
To ensure first time buyers have a realistic chance to invest in this flagship development, Countryside Properties is collaborating with English Partnerships to offer the First Time Buyer Initiative (FTBI) and give those who cannot otherwise afford to buy a new home, a helping hand onto the property ladder.
The initiative enables first time buyers to contribute a minimum of 50% towards the full purchase price of a new home through an affordable mortgage, with English Partnerships contributing the rest by way of direct payments to the developer.
Unlike existing shared ownership schemes, where buyers are required to buy part of a property and pay rent, there is no charge to pay on the assistance provided by English Partnerships for three years. After three years home-owners will pay fees on the amount contributed by English Partnerships, rising to a maximum of 39% after five years in the property.
This means that in those first early years of home ownership, buyers have the freedom to spend their hard earned cash on the things that make a home truly their own.
As time goes on, buyers can 'staircase' to reduce English Partnerships' share of the future sales proceeds.
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Countryside Properties' Regional Sales Director, Martin Leggett, said: "If you are living with your parents and are struggling to make your move onto the property ladder, we want to make sure you have the chance to buy at New Broughton. This latest phase brings a cooler, funkier flavour to the site and will give first time buyers the opportunity to climb up the property ladder in style.
At Countryside Properties we recognise that by adding an element of affordability at our developments we can attract an increase in the influx of first time buyers which in turn will act as a catalyst for the ongoing regeneration of Lower Broughton."
Designed to the highest, contemporary standards with ease and comfort in mind, the apartments include fashionable, well-designed kitchens with high quality units and oven and hob, whilst the bathrooms feature slick and stylish white sanitary ware and ceramic tiles walls.
40 one and two bedroom apartments are available under FTBI. Prices start from £104,950 which would require a minimum £52,475 contribution.
To apply, buyers are invited to call and book an appointment on 0161 792 6447 or visit www.newbroughtonliving.com
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