Mortgage & Property Advice Centre for First Time Home Buyers

Incentives used to tempt first time buyers and key workers

13-Oct-2005

Aspiring homeowners in Carlisle are expressing interest in the development of a site of new flats in the area, encouraged by the wide range of incentives on offer.

For our first time buyers guide to buying a property click here

To increase interest in the flats, the people behind the sale of the properties are offering potential investors the opportunity to benefit from a list of incentives.

The list includes options such as one per cent stamp duty, five per cent deposit paid and fitted carpets throughout the property.

Aspiring homeowners can choose two from the overall list, helping to ease the financial burden of getting on the first rung of the property ladder.

"We’ve had a lot of interest from investors and first time buyers, who are surprised they can afford a newly-built home," sales manager Kay Hall told the News and Star.

For those worried about the added expense of legal fees when moving in to a property, the list of incentives also includes £1,500 to be put towards the cost of legal services.

To ask about the legal costs of house-buying or to ask a legal question specific to your own situation click here

Ms Halls believes the location of the flats, close to the Cumberland Infirmary, will enable the properties to be seen as key worker homes, further increasing interest in the development.

For information about key worker homes click here

If you are interested in buying a new house within a 'gifted deposit' scheme whereby you don't need to come up with a deposit but just pay a nominal fee of £5000 click here

If you want to post your comments on today's news in the FirstRung Forum click here


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