20 May 2012
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19 April 2011
Helping hand for first time buyers in Mold
Experts are advising first time homebuyers in Mold 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.
As a result, 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 Soughton Park, off Denbigh Road – by taking advantage of schemes like Morris’ Great Start scheme, buying a new home could now cost less than renting.
The popular Great Start scheme, which enables qualifying first time buyers and key workers to purchase a new home with a mortgage for just 80 per cent of its market value, is available on selected properties at Morris’ Soughton Park development.
Julie Smith, 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 Morris’ Great Start, first time buyers can get onto the property ladder without the hassle of having to save for years, just for the deposit.”
Morris currently has a selection of three bedroom properties available under the Great Start scheme at Soughton Park starting from just £130,200**.
To find out more about Soughton Park, visit the sales office (open from Thursday to Monday from 10.30am to 5.30pm) at Denbigh Road, Mold, CH7 1BT, call 01352 755 326 or visit www.morrishomes.co.uk/soughton-park/
* 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.
As a result, 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 Soughton Park, off Denbigh Road – by taking advantage of schemes like Morris’ Great Start scheme, buying a new home could now cost less than renting.
The popular Great Start scheme, which enables qualifying first time buyers and key workers to purchase a new home with a mortgage for just 80 per cent of its market value, is available on selected properties at Morris’ Soughton Park development.
Julie Smith, 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 Morris’ Great Start, first time buyers can get onto the property ladder without the hassle of having to save for years, just for the deposit.”
Morris currently has a selection of three bedroom properties available under the Great Start scheme at Soughton Park starting from just £130,200**.
To find out more about Soughton Park, visit the sales office (open from Thursday to Monday from 10.30am to 5.30pm) at Denbigh Road, Mold, CH7 1BT, call 01352 755 326 or visit www.morrishomes.co.uk/soughton-park/
* 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.
