Want to start the new year in a new home - there's no deposit needed with Peveril Homes

Feb. 3, 2012 - PRLog -- Following the Christmas splurge, those looking to start 2012 in a new home may find that money is tighter than usual. That shouldn’t stop first-time buyers in Derbyshire, though, as Peveril Homes is offering FirstBuy at both its V @ Varsity development, in Mickleover, and its Appletree Meadow scheme, in Etwall, which negates the need for a deposit.

With the FirstBuy scheme*, purchasers are required to raise just 80 per cent of the price of the home. The remaining 20 per cent is provided jointly by the government and Peveril Homes as an equity loan – interest free for the first five years. With several lenders on the market that could provide up to 80-per-cent loan-to-value mortgages, there’s no need for the purchaser to provide a deposit.

Angela Thomas, sales and marketing manager at Peveril Homes, comments: “FirstBuy has already helped many house-hunters to purchase their first home. We know that it is often a struggle to raise a deposit, so the combination of this scheme and an 80-per-cent mortgage means that there’s no need for one. I’d urge those looking to take their first step on the property ladder, this year, to pay us a visit at our Derbyshire sites to find out more.”

One of the homes at Appletree Meadow, which is available to purchase through FirstBuy, is the two-bedroom semi-detached Blenheim house. An ideal starter property, it is available for £129,560** through FirstBuy. Anyone looking for something even more spacious should visit V @ Varsity, where the three-bedroom semi-detached Breedon property is available for £143,960**.

Etwall is an ideal place to live, if you’re hoping to escape the hustle and bustle of city life. Situated adjacent to a conservation area, it offers a picturesque setting for residents, yet is also located within a thriving village. It features several useful amenities, including convenience stores, pubs and a restaurant, as well as a new leisure centre, and is in close proximity to excellent travel links, such as the A38 and A50.

If you buy in Mickleover, on the other hand, you couldn’t be better placed for access to Derby’s bustling city centre, which is only minutes away, providing an excellent range of shops, eateries and a selection of primary and secondary education. The Royal Derby Hospital is within walking distance, while commuters will find the nearby A38 useful.

To find out more about the homes at these developments or FirstBuy, come and take a look at the show and view homes, open Thursday–Monday, 11am–5pm. Contact Appletree Meadow: 01283 735636 or V @ Varsity: 01332 510249. Alternatively, visit the website: www.peverilhomes.co.uk

*Available on selected plots only, subject to terms and conditions.

**Price shown is the 80% FirstBuy value. Available on selected plots only, subject to FirstBuy terms and conditions. FirstBuy cannot be used in conjunction with any other offer. Mortgage application will be subject to status. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. Prices correct at time of issuing.

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