Stewart Milne Homes has introduced a brand new purchase plan at Athena Grange in Prestonpans, designed to make homeownership a more easy and affordable option for today’s first time buyer.
The specially tailored New Buyer plan not only means that monthly mortgage repayments cost around the same, if not less, than renting, but offers the added benefit of getting onto the property ladder and securing a sound investment for the future.Above all, the New Buyer purchase plan ensures that a deposit is manageable. Whilst lenders have been reducing their deposit requirements, the average for those new to the market still remains at around 21 per cent. With the New Buyer plan, customers not only benefit from a mortgage for only 75 per cent of the property price, which significantly reduces monthly payment amounts, but require just 5 per cent of this portion as a deposit. On this basis, a property priced at £101,000 can be purchased for £75,750.
Using this purchase plan, a buyer owns 100 percent of the property from day one whilst being financially responsible for a more manageable amount. The remaining balance is then deferred, interest free, for up to ten years or until the property is sold.
As well as offering an affordable purchase plan, the new initiative also includes carpets throughout and designer kitchens fully fitted with the latest in modern appliances.
Located on the coastline of the Forth, just eighteen minutes by train from the centre of Edinburgh, Athena Grange is ideally situated to combine essential accessibility with historic charm and stunning. Prestonpans benefits from its own train station with direct services into the city centre and award winning bus services, whilst also offering quick and easy access to the A1. The town comprises a range of local conveniences from shops and amenities to superb leisure facilities including gym, swimming pool and golf course.
The New Buyer purchase plan at Athena Grange is available on a selection of apartments and terraced homes. Prices start from £101,000 for apartments, and £167,000 for terraced properties.
For further information contact the showhomes and marketing suite, open Thursday to Monday, 10:30am until 5:30pm, on 01875 818 494. Alternatively, visit stewartmilnehomes.com
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