02 June 2017
People looking for a new house in Uttoxeter 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 £10,925 to secure a three bedroom house at St. Modwen Homes’ Bramshall Meadows development, located within walking distance from the idyllic village lifestyle on offer in Uttoxeter, including local markets, plenty of open green space and a primary school.
Help to Buy has already helped more than 57% of the homeowners at Bramshall Meadows 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 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 Bramshall Meadows, 52% of people chose their new home because of the location and the village lifestyle on offer at the development.
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 Bramshall Meadows because of the location of the development. Its views overlooking the surrounding countryside 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 A50.”
Help to Buy is available on all the homes at Bramshall Meadows. Currently, there is a range of three, four and five bedroom properties for sale, with prices starting from £218,500 for a three bedroom property.
The Marketing Suite and Show Homes are located off Bramshall Road, Bramshall, Uttoxeter, ST14 7PG. More information about Bramshall Meadows can be found by visiting www.stmodwenhomes.co.uk, by following the housebuilder on Twitter, by liking the Bramshall Meadows Facebook page or by calling the sales team on 0844 243 4530.
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