Cost savings galore at Brindley Rise, Rugeley
25th June 2012
Offering a helping hand to those searching for a new home, local developer Walton Homes is offering a 25 per cent saving on properties at its Brindley Rise development in Rugeley.
Available for a limited time and only on selected completed properties, this saving can be made when a three bedroom house is purchased under Walton’s equity loan scheme, Lion’s Share. Under the scheme an ‘Ebington’ style three bedroom home can be purchased for just £104,962.50 – marking 25 per cent off the £139,950 list price.
Lion’s Share now allows buyers to pay only 75 per cent of the value of their chosen apartment or house through a five per cent deposit and a conventional mortgage. Walton Homes will pay the remaining 25 per cent share, with the only requirement being that the 25 per cent interest free loan is paid back to the developer when the property is eventually sold on or after 10 years – whichever is sooner. Previously, Lion’s Share allowed a 15 per cent saving to be made when purchasing a home at Brindley Rise.
Under Lion’s Share, purchasers will need a five per cent deposit of just £6,997.50 for a three bedroom Ebington house, making purchasing a home a reality for many cash-struck buyers.
Helen Rollason, sales manager at Walton Homes said: “The smaller deposit needed under our Lion’s Share scheme will make purchasing a new home much easier for many people, especially as our equity loan scheme isn’t just restricted to first time buyers and we have no strict criteria to meet. A deposit of less than £5,000 is considerably cheaper than the national average which now stands at around £27,000 for similar properties.
“Getting a 25 per cent reduction off the list price of a new home is something not to be missed and it really could make all the difference in turning the dream of owning your own home into a reality.
“We are incredibly proud to be offering an incentive which is much more attractive than the government’s own scheme and one which means house hunters can own a family sized home for the same price, or cheaper, than an apartment in the local area. We can only offer these savings for a limited time though so I would advise interested parties to book a viewing as soon as possible.”
Unlike the government’s equity loan scheme FirstBuy (which offers an equity loan of 20 per cent), there are no strict criteria to meet when buying a home under Lion’s Share and the initiative is available for all purchasers including first time buyers, downsizers and second steppers.
Brindley Rise is located off Wharf Road, next to the railway’s viaduct arches and just a short walk away from Rugeley train station and the town centre.
Helen continues: “Public transport links can play a huge part in ensuring a property ticks all the right boxes for someone looking to buy a house – particularly in this challenging economic climate. With petrol and insurance costs at an all-time high, many households have needed to cut the number of cars that they are running, increasing the demand for reliable transport links. Those people who choose to live at Bindley Rise will benefit from its close proximity to Rugeley train station which has reliable connections to Stafford, Walsall and Birmingham city centre.”
Built to a high specification which has become synonymous with Walton Homes, Brindley Rise comprises 37 stylish apartments, ranging from studios to one and two bedroom apartments and duplexes, plus 24 three bedroom homes.
There are now four show homes available to view at Brindley Rise from 11am to 5pm, Thursday to Monday, inclusive of the weekend. For more information on the development, please call Walton Homes on 01889 577 562, alternatively, log onto the website at www.waltonhomes.co.uk.