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19 April 2011
Why rent when you can buy in Chorley
Experts are advising first time homebuyers in Chorley to consider making the move into home ownership as the number of rental properties decreases.
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 the Rivington View development, off Eaves Lane – by taking advantage of schemes like the Government-led HomeBuy Direct, buying a new home could be more accessible than renting.
The popular HomeBuy Direct scheme, which enables qualifying first time buyers to purchase a new home with a mortgage for just 70 per cent of its market value, is available on selected properties at Morris’ Rivington View development.
Chris Minshall, regional sales director for Morris, said: “Renting can sometimes seem like the only option but with the current lack of rental properties, now is the best time to start thinking about how you can take the leap into home ownership.
“The HomeBuy Direct scheme helps to cut down the size of your deposit considerably and means that the cost of your monthly mortgage repayments is cheaper than the average price of renting the same property.”
Rivington View has a selection of three and four-bedroom properties available and is just minutes from Chorley city centre. It offers stunning views of Rivington Pike and good motorway links to Bolton, Preston and Manchester.
Morris currently has a range of two and three bedroom properties at Rivington View development starting from just £94,325*.
To find out more about Rivington View development, visit the sales office (open Thursday to Monday between 9.30am and 4.30pm) at Eaves Lane, Chorley, PR6 9AN, call 01257 278 432 or visit www.morrishomes.co.uk/rivington-view/.
*Press Association Personal Finance, 11th February 2011.
**Price quoted is 70% of the marketed price on selected homes under the HomeBuy Direct scheme. Subject to terms and conditions. Price is correct at time of going to press.
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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 the Rivington View development, off Eaves Lane – by taking advantage of schemes like the Government-led HomeBuy Direct, buying a new home could be more accessible than renting.
The popular HomeBuy Direct scheme, which enables qualifying first time buyers to purchase a new home with a mortgage for just 70 per cent of its market value, is available on selected properties at Morris’ Rivington View development.
Chris Minshall, regional sales director for Morris, said: “Renting can sometimes seem like the only option but with the current lack of rental properties, now is the best time to start thinking about how you can take the leap into home ownership.
“The HomeBuy Direct scheme helps to cut down the size of your deposit considerably and means that the cost of your monthly mortgage repayments is cheaper than the average price of renting the same property.”
Rivington View has a selection of three and four-bedroom properties available and is just minutes from Chorley city centre. It offers stunning views of Rivington Pike and good motorway links to Bolton, Preston and Manchester.
Morris currently has a range of two and three bedroom properties at Rivington View development starting from just £94,325*.
To find out more about Rivington View development, visit the sales office (open Thursday to Monday between 9.30am and 4.30pm) at Eaves Lane, Chorley, PR6 9AN, call 01257 278 432 or visit www.morrishomes.co.uk/rivington-view/.
*Press Association Personal Finance, 11th February 2011.
**Price quoted is 70% of the marketed price on selected homes under the HomeBuy Direct scheme. Subject to terms and conditions. Price is correct at time of going to press.
