First-time buyers become kings of their castles in Coningsby

We have been rolling out the red carpet for first-time buyers taking a leap onto the property ladder at Kings Manor in Coningsby.

The development, off Old Boston Road, is proving to be a real hot spot for those buying their own home for the first time, with a number of first-time buyers opting to make use of the government’s Help to Buy equity loan scheme.

Help to Buy enables purchasers to secure their new home with a five per cent deposit and a 75 per cent mortgage. The remaining 20 per cent is provided by the Government as an equity loan which is interest-free for five years.

David Newton, Managing Director of Chestnut Homes, said: “We’re delighted that so many people have been able to get a foothold on the property ladder at Kings Manor.

“We’re proud that we’re able to provide quality homes at an attainable price and, what with the availability of the Help to Buy scheme, there is now additional support for those who dream of becoming homeowners.

“Tenants who want to escape the rent trap, and potential first-time buyers who are living with their parents while saving up a deposit, may well find that they can afford to buy a home sooner than they thought, thanks to Help to Buy.

“Likewise, purchasers who use Help to Buy might also be surprised to find that their mortgage payments could cost them less than they would pay in rent for a comparable property.

“So I’d urge first-time buyers to speak to us about Help to Buy at Kings Manor, and find out how they could become homeowners with us in Coningsby.”

There’s a selection of two to four-bedroom homes currently available at Kings Manor.

Two-bedroom Holly designs are priced from £124,995, and can be secured using Help to Buy with a deposit as low as £6,249.

Other homes include the three-bedroom Juniper, priced at £139,995, and the four-bedroom detached Silverton, priced at £224,995.

To find out more about the homes at Kings Manor, visit the Marketing Suite, off Old Boston Road, which is open daily from 10.30am to 5.30pm.