Wide choice of new-build properties and ‘Help to Buy’ from Keepmoat in the Midlands
Posted 20 September 2013 by Keith Osborne
Property developer Keepmoat shows no signs of slowing down its construction of new homes in the Midlands, having reached the milestone of building over 1,000 homes in the region over the past three years.
The company's ethos of building high-quality new homes at affordable prices has been enhanced by its participation in the government-backed Help to Buy scheme. Demand for new-build homes has soared since this initiative was launched in April 2013 as it allows first-time buyers and movers alike to purchase a brand new home priced up to £600,000 with just a 5% deposit and a 20% equity loan.
The equity loan effectively increases the deposit to 25%, allowing the purchaser to access an affordable 75% mortgage. The loan is interest-free for the first five years and only needs to be repaid at the end of the mortgage period or when the property is sold. Furthermore, the buyer has 100% ownership of their home from day one.
With Keepmoat, this means a brand new home from the company could be purchased with a deposit as low as £5,100. The developer is currently offering a wide array of property types at sites across the Midlands:
Brunswick Place, Handsworth, Birmingham (just one property left) Horizon, Newtown, Birmingham (just one property left on the current phase) Manor Gardens, Nottingham The Croppings, Telford Spirit Quarters, Coventry Blakenhall Gardens, Wolverhampton Royal Gardens, Wolverhampton Friars Gate, Dudley Chatterley Heights, Stoke-on-Trent Upton Place, Northampton Arran Rise, Corby
Eammon McInerney, group sales and marketing director for Keepmoat, says: "Keepmoat properties are proving very popular in the Midlands and this has been evidenced by the fact that we have now built more than 1,000 new homes here in the last three years. A Keepmoat home is a promise of quality, space and affordability to the house buyer and our success in the Midlands proves that house hunters have cottoned on to this fact. I'd urge anyone searching for a new house in the Midlands to take a look at a Keepmoat home and discover just what value you can get for your money."