First-Time Buyer Offer At Longridge Development

Prospect Homes, the developer behind The Ridings on Whittingham Road in Longridge, is offering to top up a first-time buyer’s 5% deposit, or pay for a range of extras (both up to a maximum value of £5,000), and throw in flooring if a home is reserved in May.

Sam Williams, head of sales at Prospect Homes, said: “One silver lining that came from being locked down was being unable to spend money on things we usually would such as holidays or eating out. This may have opened a door of opportunity for first-time buyers to save their deposit sooner than expected and now be in the position to buy a home.

“We all know that saving for that first house deposit can be difficult, so we want to reward first-time buyers who have managed to save a 5% deposit by giving them money towards either a larger deposit, or extras, and flooring in their home too. They can then put the rest of their savings towards furnishing the home.”

Customers can choose from Prospect’s expansive list of extras and have things such as an upgraded kitchen, upgraded flooring or wardrobes, up to the value of £5,000.

There are two three-bedroom house styles that come within the government-backed Help to Buy price threshold of £224,400, the ‘Rutland’ (£210,000) and the ‘Medlock’ (£208,000).

Williams continued: “The Help to Buy scheme allows a house to be secured with just a 5% deposit. So for example, the ‘Rutland’ would require a £10,500 deposit.”

As well as the 5% deposit, buyers will receive a 20% equity loan from the government and have to secure a mortgage for the remaining 75%.

The ‘Rutland’ comes with features such as an open-plan kitchen and dining area, a downstairs cloakroom, an en suite to the main bedroom, a private garden and driveway for two cars. The ‘Medlock’ has everything a ‘Rutland’ does, with the bonus of a handy utility room.

All of Prospect’s homes come with quality kitchens, available in a range of colours that customers can choose from, integrated fridge freezers, Roca bathroom furnishings, Porcelanosa tiles plus much more.

The housebuilder also has discounts available to NHS workers. Find out more at www.prospecthomes.co.uk.

Find retirement homes in Lancashire
Find Help to Buy homes in Lancashire
Find new homes in Lancashire