01 March 2017
People looking for a new house in Hilton could be closer to homeownership than they might think, thanks to the 5% deposits available under the Government’s Help to Buy scheme.
Under the scheme, people need a deposit of just £8,200 to secure a two bedroom house at St. Modwen Homes’ Hilton Valley development, located within walking distance from the idyllic village lifestyle on offer in Hilton, including a rural pub, open green space and primary school.
Help to Buy has already helped more than 60% of the homeowners at Hilton Valley to secure their dream home. It works by purchasers securing a 75% mortgage and a 5% deposit, whilst the Government covers the remaining 20% with an equity loan that is interest free for the first five years.
Bev Hall, Sales and Marketing Director at St. Modwen Homes, said: “Research by eMoov.co.uk this month showed that in 20 years’ time, people in the Midlands could be paying an average of £580,000 for a new home. No doubt information such as this is making people think that home-ownership is becoming more and more unlikely. It’s our mission as housebuilders to encourage people that this isn’t the case and that by using schemes such as the Government’s Help to Buy scheme, home ownership could actually be much closer than people think.”
According to an independent survey conducted amongst homeowners at Hilton Valley, 67% of people chose their new home because of the location and the village lifestyle on offer.
Bev said: “Many people aspire to have that village life, providing an escape from the hustle and bustle of everyday life. In light of this, it’s no wonder that so many people have stated they chose their new home at Hilton Valley because of the location of the development. Its leafy village appearance, with Hilton Brook and lavender fields close by, and the friendliness of the local community, make it the perfect place to call home whilst still being in easy commutable distance from Derby thanks to its close proximity to the A38.”
Help to Buy is available on all the homes at Hilton Valley. Currently, there is a range of two, three, four and five bedroom properties for sale, with prices ranging from £163,995 to £362,995.
Anyone interested in the new homes at Hilton Valley can call 0844 243 4511 to book an appointment with the Sales Team. Alternatively, the Marketing Suite, located off The Mease in Hilton, is open five days a week from 10am – 5.30pm, Thursday to Monday, inclusive of weekends. For further information, like the Hilton Valley Facebook page, follow the housebuilder on Twitter @StModwenHomes or visit www.stmodwenhomes.co.uk
Share this article: