Get help buying a new home from Lovell

New homes developer Lovell is offering homebuyers looking to find a property in Middleton a range of incentives to help get them moving at an open event this weekend.

The housebuilder will devote a whole weekend to telling would-be homeowners how a number of schemes could assist them to purchase a new home at Windermere Park and Windermere Gardens.

There will even be an independent financial advisor on hand to talk to people looking to move homes about their mortgage options.

The event will take place in the show home and marketing suite on Saturday and Sunday, January 28 and 29, between 10am and 5pm.

Windermere Gardens is designed to appeal to a range of homebuyers, including first-time purchasers and families. It is situated within a quiet neighbourhood close to the town centre, which is enjoying ongoing regeneration.

Prices start at £111,995 for a three-bedroom house, which could be reduced to an initial outlay of just £89,596 for those who take advantage of the Government-backed FirstBuy scheme.

Anne-Marie O'Doherty, field sales manager for Lovell said: "The FirstBuy scheme is a fantastic way for first time buyers to get on the property ladder. They will receive a loan for 20% of the purchase price, jointly funded by us and the Government, meaning they may only need up to a 5% deposit and apply for a 75 to 80% mortgage. However, they will still own 100% of their new home from day one."

FirstBuy is available to first time buyers or people wanting to return to homeownership, provided their household earnings are less that £60,000 a year.

For those who are not buying their first home or who are not in a position to take advantage of FirstBuy, Lovell has its own shared equity scheme, which could give buyers the option to defer 15% of the initial purchase price to a time when they have more funds available. Like FirstBuy, it means buyers could purchase with a much smaller deposit.

The amount repayable is calculated as a percentage of the market value at the time of repayment, which could go up as well as down, giving buyers extra piece of mind against negative equity.

Anne-Marie added: "FirstBuy and shared equity are just two of the ways we could help get homebuyers moving, but we can tailor incentives to suit different purchasers' needs. There's no obligation for those who just want to come along to our open day and find out more."