With property prices being an average of 10.1 per cent cheaper now than in 2007  first time buyers are keener than ever before to get their foot on the property ladder; however with the average wage in the UK £460 per week , getting that important deposit together still proves difficult. Luckily, Explore Living is offering its fantastic Route 85 incentive at its coastal development Grand Ocean, Saltdean.

Back after popular demand, the Route 85 shared equity scheme allows purchasers to own 100 per cent of their new home and get 15 per cent free for ten years. 

The Route 85 purchasing plan is open to first-time buyers, and enables them to own their home outright.  The 15 per cent share is funded by Explore Living on an interest-free basis to the buyer. All new home buyers need is a minimum deposit of five per cent of the property’s value that they are interested in and an additional £1000 to reserve their home, some terms and conditions do apply and Route 85 is subject to availability.  Explore Living can even put buyers in touch with a mortgage broker who can help arrange a mortgage for the remaining 80 per cent of the value of the property. 

John Inglis, Sales and Marketing Director, Explore Living commented: “Although property prices have dropped in the UK, first time buyers are still struggling to buy their first homes. We received excellent success through our Route 85 incentive when we launched it in 2010 and are delighted to offer it again at Grand Ocean. Route 85 allows buyers to own 100 per cent of their home and they only need to put down a five per cent deposit making it much easier to get onto the property ladder. Buyers also have the comfort of receiving a ten year NHBC warranty giving them extra peace of mind.”

Priyanka Saran, 34, was previously living with her parents when she discovered Grand Ocean and quickly snapped up a one-bedroom ground floor apartment. Priyanka commented: “I was reading the Evening Standard when I came across an article for Grand Ocean and I instantly fell in love with the development. Being a first time buyer, I thought it would be difficult for me to get on the property ladder but Explore Living helped me every step of the way.

 Grand Ocean is a collection of 183 one and two-bedroom apartments, located on the doorstep of the rolling Sussex Downs, with breathtaking views of the South East Coast. Explore Living have completed the restoration of the original hotel building, as well as the construction of four new wings, two of which are complete, providing an ideal coastal retreat, perfect for couples, downsizers and first time buyers alike. 

Each home offers the very best in modern living with under-floor heating, a video-entry system, pre-wiring for Sky+ and provision for wall-mounted TVs. The stylish kitchens will benefit from a thoughtful, ergonomic design that maximises storage space and features concealed sockets, deep work surfaces and integrated appliances including oven, hob and extractor, dishwasher, fridge/freezer, waste disposal system and freestanding washer/dryer.

The development is near to the famous Saltdean Lido and is the perfect location for buyers as it is offers high-quality housing within close proximity to local amenities and the beach. For those without a car, Grand Ocean is also home to Saltdean’s first car club, which provides rental of low-emission cars from as little as £3.96 per hour.  There is also a regular bus service connecting Saltdean to Brighton and various other local destinations.

Grand Ocean is located approximately six miles from the centre of Brighton, which provides a wide range of shopping, restaurants and entertainment options. For commuters looking to travel further afield, regular services run from Brighton railway station into central London in approximately 1 hour.

These exceptional apartments are priced from just £179,995. For more information please call Explore Living on 0845 873 9054, email grandocean@exploreliving.co.uk

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