First-time buyers snap up new homes in Dunstable

While the average age for first time buyers across the UK is now 37, the vast majority of buyers of apartments at new homes development Living @ The Edge in Dunstable are first-time buyers aged under 30, thanks mainly to the introduction of the FirstBuy scheme, according to the housebuilder behind the scheme, Bloor Homes. 

The Government-backed scheme is making it much easier for first time buyers to buy a new home. Under the initiative, an equity loan of up to 20% of the property price will be provided meaning purchasers only need to arrange finance for the remaining 80%, which can be done by arranging a market rate mortgage in addition to the 5% deposit. To qualify purchasers need to have a joint household earning of less than £60,000.

Through FirstBuy, purchasers at Living @ The Edge can afford a two-bedroom apartment from £110,360. The development features a collection of two-bedroom apartments and two- and three-bedroom houses.

All the new homes at The Edge are finished to a high standard and provide well-planned living spaces for any lifestyle. The two bedroom Darham style show apartment provides an open plan living room / kitchen, spacious master bedroom with en-suite, second bedroom and additional bathroom.

The Marham is a three-bedroom bedroom home, priced from £155,960 with FirstBuy. On the ground floor there is a lounge, open plan kitchen/dining room and WC, whilst on the first floor there are three bedrooms, one with en-suite and a family bathroom.