Home-hunters save more thanks to new scheme

Home-hunters save more thanks to new scheme

23 March 2018

Home-hunters can spend more on furnishing and decorating their new apartment thanks to a scheme designed by St. Modwen Homes to make moving more affordable.

The housebuilder has offered to pay the service charge for the first year for people who purchase one of the new apartments at Locking Parklands; an award-winning development which is breathing new life into the former RAF Locking site near Weston-super-Mare.

The scheme has been designed primarily to help first time buyers move onto the property ladder by allowing them to save extra money which can help pay for other costs associated with moving to a new home such as furnishings, legal costs and decorating.

Catherine Jarrett, Head of Sales South at St. Modwen Homes, said: “Whether you own a home already or are purchasing for the first time, the costs of moving can quickly mount up, so we thought it would be handy to give people who purchase an apartment at Locking Parklands one less thing to worry about by paying their service charge for the first year.

“The apartments at Locking Parklands have been popular with buyers ever since we launched the first properties here.

“They’re an attractive proposition for young professionals who work in Bristol and are looking to take advantage of the value for money the area offers in comparison and the quick commute from Weston-super-Mare by rail.

“We hope by paying the service charge on these apartments, we’ll be making it even more affordable for people to make the move to Locking Parklands.”

The service charge is a fee which covers repairs and upkeep of shared areas outside and within an apartment building, such as communal areas and the roof.

The development has been incredibly popular with first time buyers ever since the first homes were launched. An impressive 90 per cent of purchasers at Locking Parklands have been first time buyers, with 86 per cent of these using the government-backed Help to Buy scheme to move onto the property ladder.

The scheme enables buyers to secure a new home with a five per cent deposit and a 75 per cent mortgage. The remaining 20 per cent is provided in the form of an equity loan from the government, which is interest free for the first five years of home ownership.

The new homes at Locking Parklands are surrounded by mature trees, large areas of open space and woodland. Plans for the wider development include a new community centre which has already been delivered and opened to the public, new retail spaces, a library and a new school.

St. Modwen Homes is rated as a five star housebuilder by the Home Builders’ Federation, with over 90 per cent of its customers stating they would recommend the housebuilder to a friend in the 2017 National New Homes Survey. A five star rating is the highest rating which can be awarded.

Locking Parklands has been shortlisted for the Best Large Development category in the prestigious First Time Buyer Awards. The development is up against two other sites, in London and Basingstoke, and the winner is voted for by the general public online via the following link: http://www.ftbawards.com.

A selection of two bedroom apartments are currently available to purchase at Locking Parklands, with prices starting from £178,995. A range of two, three and five bedroom houses are also available to buy.

For more information call 0844 243 4848 or visit www.stmodwenhomes.co.uk, follow the housebuilder on Twitter and Instagram @StModwenHomes or like the Locking Parklands Facebook page.

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St. Modwen Homes Limited. Head office & Registered Office: Park Point, 17 High Street, Longbridge, Birmingham, B31 2UQ. Company Registration: England & Wales 9095920