Whilst the first-time buyer relief on stamp duty for properties under the £250,000 purchase price will be scrapped on 24th March 2012, Explore Living has stated that it is prepared to cover the stamp duty for first-time buyers at New Meridian Village, Ramsgate, Grand Ocean, Saltdean and Chrysalis Park, Stevenage, providing first time buyers with a helping hand on the property ladder.
The Government initiative was introduced in the March 2010 budget. ‘It is likely that we will see a bunching of eligible first-time buyer transactions early next March to beat the expiry date on the concession,’ said Paul Smee, Director General of The Council of Mortgage Lenders (CML).
In response to the Autumn Statement, award winning developer, Explore Living, remains committed to offering first-time buyers a ‘route to their property ladder aspirations’.
John Inglis, Sales and Marketing Director for Explore Living commented: “It is hard enough in this economic environment for anyone to get their foot onto the property ladder. The average age of the first-time buyer is now 37 years and the bank of “Mum & Dad” has been squeezed as much as anyone else.
‘First-time buyers are the lifeblood of the property market, which is why we have determined that post 24th March, we will settle the stamp duty on properties priced under £250,000, which are purchased by first-time buyers.’
To further help first-time buyers, Explore Living is also offering its Route 85 scheme at its developments. 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 as an interest-free loan to the buyer for up to 10 years. 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.
Explore Living prides itself in creating high quality homes which intelligent and innovative features including under-floor heating, optional integrated-sound system with iPod docking station, pre-wiring for Sky+, flat screen TVs and solid concrete floors to help eliminate squeaking floorboards.
New Meridian Village
Just five properties remain for sale at New Meridian Village, providing a mixture of one and two bedroom apartments which have been designed to provide contemporary living, with high quality features and a safe environment. The award winning scheme – ‘Best New Starter Home’, Evening Standard New Homes Awards 2011 – is ideally located within minutes of the historical, maritime town of Ramsgate, with its impressive marina, stunning architecture and eclectic mix of restaurants and cafés.
Prices for the remaining apartments start from £124,995 to £269,995. For more information, please call the Marketing Suite on 0845 8721004, email email@example.com or visit www.exploreliving.co.uk
Grand Ocean is a collection of 180 one and two-bedroom apartments, on the doorstep of the rolling Sussex Downs, with breathtaking views of the South East Coast. It comprises not only the carefully restored original hotel building, but four new wings whose sleek lines echo the streamlined elegance of the original 1930s building.
The development is near to the famous Saltdean Lido and is an ideal location for buyers as it is offers high-quality homes 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 at competitive rates. There is also a regular bus service connecting Saltdean to Brighton and various other local destinations.
Chrysalis Park comprises of just ten superbly designed two and three bedroom houses in an ideal location. Each property boasts a high internal specification with a garage, gardens and dedicated parking. Explore Living also recently launched the new two bedroom show home at the development which is open for viewings.
The development is perfect for families, couples and first time buyers attracted by the location and facilities close to home. Couples will enjoy the ease of travelling to Stevenage for shopping and leisure, taking advantage of busy town centre offering high quality shops, restaurant and cafés as well as traditional markets. Families can benefit from the many primary and secondary schools in the area and children will thrive in the fresh air of the beautiful Hertfordshire countryside a short journey away.
Prices start from £237,995 to £269,995.