Mortgage & Property Advice Centre for First Time Home Buyers

First Steps onto the Property Ladder. Why Morris Homes are Paving the Way for First Time Buyers

15-Apr-2008

House builders can provide a range of new homes with incentives to help minimise the cost of moving.  Plus, all new build homes are covered by a 10-year guarantee to help protect buyers against unforeseen maintenance costs. 

Clare Crowther, customer service director for Morris, explains: "Renting may seem like the only affordable option but people should consider the wide range of offers available on new homes.

"First time buyers should consider their options and look at properties for sale that have been designed specifically to meet their needs."

Morris, one of the UK's largest independent house builders, explains how new build developments can benefit first time buyers:

Affordable – A lot of new build developments include apartments and mews, which can be ideal for first time buyers. These new homes are easy to maintain and their close proximity to other properties can even help to reduce heating costs.

Offers – Incentives like offering to pay stamp duty, money towards legal fees and the inclusion of carpets and curtains can make a big difference to first time buyers. Morris will even tailor incentives to suit individual buyers, ensuring they have a positive, stress-free move.

Financial planning – New homes are intrinsically better for first time buyers who want to be sure of costs over the first few years. Whilst second-hand homes may require significant money to be spent on running repairs, new homes have completely new fittings and appliances with their own warranties. What's more, the properties themselves have a 10-year NHBC guarantee offering further peace of mind.

Running costs – Simple things like double-glazed windows and cavity wall insulation can make a big difference to the efficiency of a home. New homes have many energy-saving solutions fitted as standard, which can reduce CO2 emissions by up to 60% and save homeowners over £550 a year on bills*.

Security – New homes are often more secure, with the latest locks, exterior lighting and alarms. This can reduce the cost of house and contents insurance and help buyers to settle in their first home. New build developments can be designed to feel like established communities, giving an added sense of security.

Clare continues: "When house builders look at potential sites, they assess the likely level of demand – looking at factors such as transport links and local amenities – and build the type of properties that will most appeal to the local market.

"We have a range of new homes for sale and are confident that first time buyers will be able to find a property they can afford and enjoy to live in."


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