Boost for home-buyers as county developer offers support
Home-buyers in Gloucestershire are to receive a boost after a county-based developer announced it is to re-launch a scheme to help people get moving.
Bovis Homes, which has headquarters in Bishop's Cleeve and developments across the county, is stepping in to re-introduce its own shared equity scheme as the funding allocation for the Government-backed FirstBuy mortgage is used up.
FirstBuy has proved to be a hugely popular shared equity, low-deposit mortgage solution for first-time buyers since it was launched earlier this year.
But with the money the Government has put in to support the scheme now almost fully utilised, opportunities are running out for buyers to sign up for the scheme.
Business Cards From Only £10.95 Delivered www.myprint-247.co.ukView details
Our heavyweight cards have FREE UV silk coating, FREE next day delivery & VAT included. Choose from 1000's of pre-designed templates or upload your own artwork. Orders dispatched within 24hrs.
Terms: Visit our site for more products: Business Cards, Compliment Slips, Letterheads, Leaflets, Postcards, Posters & much more. All items are free next day delivery. www.myprint-247.co.uk
Contact: 01858 468192
Valid until: Sunday, June 30 2013
Bovis Homes is doing its bit to fill the void by reintroducing Jumpstart – a low-deposit solution which is also being made available to second, third and fourth-time buyers.
Jumpstart is only available at selected Bovis Homes developments across the country – and among those selected are The Homelands in Bishop's Cleeve, Glevum Oaks in Gloucester, York Gate in Tewkesbury and Copeland Park in Tuffley.
"Jumpstart can work for all types of home-buyers as it requires just a five per cent deposit and offers more manageable monthly payments, with both a smaller mortgage and access to lower loan-to-value products," said Bovis Homes group marketing director Kevin Wilkins.
"However, it is only available at selected developments and on selected plots so home-buyers should take a look at what we have available.
"They can make an appointment to visit the development with our sales team and they'll discover the quality of a Bovis Home, the high specification that we offer and be able to discuss their home requirements with an advisor."
The current Jumpstart scheme means that buyers pay as little as 85 per cent of the purchase price up-front before moving into their new Bovis Home. The remaining share is provided by the house-builder, with the purchaser having the option of buying this in stages within the next 10 years. For the first five years there is no rent or interest to pay on the 15 per cent (or applicable share) and for the second five years there is an annual interest rate fixed at three per cent on the original sum provided. The buyers can sell at any time within the 10 years and can repay the 15 per cent (or applicable share) at that stage, or earlier if they prefer.
More information on Bovis Homes developments, Jumpstart and other purchase assistance packages can be found at www.bovishomes.co.uk.