Local property developer Summerfield are offering homebuyers the opportunity to buy a brand new home through the Government’s ‘Help to Buy’ initiative and are offering special open days at their show homes in Minehead, Williton and Langport.
The scheme which enables buyers to buy a brand new home with a 5% deposit and a 75% mortgage, has sparked a surge in demand and Summerfield have already sold a number of new homes in Somerset already.
Summerfield are hosting special Help to Buy events where the sales team and a financial advisor will be available give to advice to all new homebuyers, not just first time buyers, with the details of the scheme and the opportunity to view the show homes on each development, whilst enjoying complimentary refreshments.
The first event takes place at College Gardens, Minehead on Thursday 26th September, from 4pm to 7pm. A further two events are taking place on Saturday 12th October from 10am to 4pm at the Bartletts Elm site in Langport, and The Paddocks in Williton, which also sees the opening of the show home for the first time.
In addition to the three sites hosting open days, Help to buy schemes are also being offered at new homes in Bawdrip, Somerset and Tavistock in Devon. Richard Nicol, Divisional Sales Director for Summerfield said
“We have had a great deal of interest locally from people wanting to buy a new Summerfield home with the Help to Buy scheme, which is undoubtedly boosting the confidence of buyers and helping to provide affordable housing,”
“I would encourage prospective purchasers to come and find out more at one of our open days. With the right information and advice, there is the opportunity to be in a new home in time for Christmas, so now is definitely a great time to buy.”
The properties are well situated on each of the three developments and a choice of 2, 3 and 4 bedroom homes are available with prices starting at £142,500 and in the usual Summerfield way, each property has been designed specifically to complement its setting, incorporating traditional style with character features typical of the area.
All of the properties on the site will be built in a sustainable way, with double glazing and gas fired central heating to ensure energy efficiency. Externally the front and rear gardens will be landscaped, and a 10 year NHBC warranty will be offered on all properties.
One of the local agents marketing the properties, Kevin James from Wilkie May & Tuckwood in West Somerset said: “I am sure that the interest in these new homes will continue as people realise that they can buy a high quality Summerfield home with a very low deposit and a 75% mortgage.
“The Government will lend buyers the remaining 20% of the value of the property through an equity loan with no interest to pay for five years, so it genuinely offers people a great prospect to buy now.”
To find out more about each of the developments and details of the locations of the open events, visit www.summerfield.co.uk or contact Summerfield on 01823 257961.
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NOTES TO EDITORS
For more information, please contact:
Plum Communications & PR
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Image 1: New homes at the College Gardens development in Minehead
Image 2: CGI of the Bartlett Elms properties in Langport, Somerset
Image 3: CGI of The Paddocks development at Williton, Somerset
Summerfield Developments is a South West based property company born from a traditional family construction firm, which has been active in the area since 1823. Summerfield is involved in both commercial and residential developments throughout the South West of England and has built a large portfolio of developments across the region. To find out more, visit www.summerfield.co.uk.
For more information contact:
Richard Nicol, Divisional Director / Sales Manager, Summerfield Developments
Telephone: 01823 275961 / Email: firstname.lastname@example.org
Help to Buy is a new Government scheme where those looking to buy a new home (whether first time buyers or existing home owners) need only a 5% deposit to buy a new home within England up to the value of £600,000 in value, and also qualify for some of the best mortgage rates available. The Government will lend the purchaser up to 20% of the value of the property through an equity loan which can be repaid at any time or on the sale of the property, provided it’s a minimum of 10% of the property’s current market value.