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8 April 2011
Helping hand for first time buyers in Liverpool
Experts are advising first time buyers in Liverpool to consider making the move into home ownership as the cost of renting continues to increase.
Latest statistics* show that more than four people were chasing every rental property available during the final quarter of 2010 as demand from potential tenants remains high.
And nearly a third of landlords have hiked their rent prices by a massive four per cent as the supply of rental properties fails to meet the demand.
According to housebuilder Morris - the developer behind The Point, off Deysbrook Lane – by taking advantage of schemes like the Government-led HomeBuy Direct scheme, buying a new home could now cost less than renting.
The popular HomeBuy Direct scheme, which enables qualifying first time buyers and key workers -such as nurses, teachers or social workers - to purchase a new home with a mortgage for just 70 per cent of its market value, is available on selected properties at Morris’ The Point development.
Chris Minshall, regional sales director for Morris, said: “People are starting to get savvy when it comes to judging what’s right for them in the housing market and weighing up the true cost of owning versus renting.
“With schemes like the Government HomeBuy Direct scheme, first time buyers can get onto the property ladder without the hassle of having to save for years just for the deposit.”
Experts will be on hand at Morris’ The Point development on Saturday 16 and Sunday 17 April to offer advice to first time buyers.
An independent financial advisor will be available to speak to people at the development, off Deysbrook Lane, between 10.30am and 5.30pm on both days to guide first timers through the process of buying a new home, offer advice on different mortgage types and advise them on the best deals available.
Situated in the suburb of West Derby, The Point is a great base for growing families as it falls in the catchment area of some of the areas most sought after schools with access to all the local amenities and hospitals.
Morris currently has a selection of three bedroom properties available under the HomeBuy Direct scheme at The Point starting from just £135,625**.
To get more information about Morris’ The Point development, you can visit the sales office (open daily from 10.30am to 5.30pm) at The Point, Deysbrook Lane, West Derby, L12 4YG, call 0151 254 2602 or visit www.morrishomes.co.uk/the-point/
* According to the UK’s biggest letting agent Countrywide.
**Price is correct at time of going to press. Price quoted is a percentage of the marketed price on selected homes. Repayment is a percentage of the resale or market value after 10 years. Subject to terms and conditions.
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Latest statistics* show that more than four people were chasing every rental property available during the final quarter of 2010 as demand from potential tenants remains high.
And nearly a third of landlords have hiked their rent prices by a massive four per cent as the supply of rental properties fails to meet the demand.
According to housebuilder Morris - the developer behind The Point, off Deysbrook Lane – by taking advantage of schemes like the Government-led HomeBuy Direct scheme, buying a new home could now cost less than renting.
The popular HomeBuy Direct scheme, which enables qualifying first time buyers and key workers -such as nurses, teachers or social workers - to purchase a new home with a mortgage for just 70 per cent of its market value, is available on selected properties at Morris’ The Point development.
Chris Minshall, regional sales director for Morris, said: “People are starting to get savvy when it comes to judging what’s right for them in the housing market and weighing up the true cost of owning versus renting.
“With schemes like the Government HomeBuy Direct scheme, first time buyers can get onto the property ladder without the hassle of having to save for years just for the deposit.”
Experts will be on hand at Morris’ The Point development on Saturday 16 and Sunday 17 April to offer advice to first time buyers.
An independent financial advisor will be available to speak to people at the development, off Deysbrook Lane, between 10.30am and 5.30pm on both days to guide first timers through the process of buying a new home, offer advice on different mortgage types and advise them on the best deals available.
Situated in the suburb of West Derby, The Point is a great base for growing families as it falls in the catchment area of some of the areas most sought after schools with access to all the local amenities and hospitals.
Morris currently has a selection of three bedroom properties available under the HomeBuy Direct scheme at The Point starting from just £135,625**.
To get more information about Morris’ The Point development, you can visit the sales office (open daily from 10.30am to 5.30pm) at The Point, Deysbrook Lane, West Derby, L12 4YG, call 0151 254 2602 or visit www.morrishomes.co.uk/the-point/
* According to the UK’s biggest letting agent Countrywide.
**Price is correct at time of going to press. Price quoted is a percentage of the marketed price on selected homes. Repayment is a percentage of the resale or market value after 10 years. Subject to terms and conditions.
