Since bringing its First Time Buyer plan back to the market just eight weeks ago, Stewart Milne Homes has achieved a second round of resounding success with the last few properties of the initiative now remaining.
Launched in September, the First Time Buyer product is now available with the last seven apartments across Grampian including ABeleven and Horizon in Aberdeen city and Ythan View in Ellon.
Mike Cowie, sales director, Stewart Milne Homes North Scotland, comments:
“Despite the market ups and downs this year, the First Time Buyer product has remained as popular as ever with our customers and has followed the same line of success as our earlier trial in March. This is a real testament to the quality of the initiative and the effective solutions it provides this important market segment.
“As there are now only seven apartments remaining within the plan, we are really urging would-be-buyers to benefit from this whilst they can, as – at this rate – it won’t be around for much longer.”
With the First Time Buyer product, customers not only benefit from a mortgage for only 75 per cent of the property price, which significantly reduces monthly payment amounts, but require just 5 per cent of this portion as a deposit. For example, a two-bed apartment at Ythan View priced at £194,995 can be purchased for under £146,250 with a deposit of around £7,315, whilst a luxury two-bed city apartment at ABeleven costing £234,995 will require a mortgage for less than £176,250.
Using this purchase plan, a buyer owns 100 percent of the property from day one whilst being financially responsible for a more manageable amount. The remaining balance is then deferred, interest free, for up to ten years or until the property is sold.
The plan also includes mortgage protection, home insurance and factoring fees for the first year and covers all legal and survey costs. In addition, each property is fully kitted out with carpets and curtains/blinds throughout; furniture for the living area, plus master and second bedrooms; a fully fitted kitchen complete with stainless steel oven and hob, fridge freezer, washer dryer and microwave; a home cinema including 40″ plasma TV, DVD player and Sky Box with a year’s free subscription.
The remaining two-bed apartments available with the plan are priced from £194,995 at Ythan View, £216,995 at Horizon and £234,995 at ABeleven. For further details contact 01224 747400 or visit stewartmilnehomes.com.