banners-3
banners-2
banner-img1

Mortgage Payments Cheaper Than Rent?

St Francis Park, Haywards Heath by Crest Nicholson SouthWith rents rising across the country, property experts are keen to stress that in many cases monthly mortgage repayments can now be cheaper than monthly rent*, however for first time buyers looking for the opportunity to get on the ladder saving up a big enough deposit to be able to afford a mortgage can be an issue. For hopeful buyers in Haywards Heath, local developer Crest Nicholson is offering a helping hand at its St Francis Park development with its EasyBuy initiative, where buyers can own 100% of their new home for just 80% of the price.

EasyBuy is a Crest Nicholson initiative aimed at helping first time buyers get moving onto the property market. Buyers will own 100% of their home from day one and pay no rent or interest on the loan for the first five years, or when the property is sold – whichever comes sooner. This means a two bedroom apartment at St Francis Park that was previously £199,950 becomes a more affordable £169,958. Therefore with one of the current 90% mortgage options currently available, buyers would need a deposit of just £16,996.

Christine Tiernan, Sales and Marketing Director at Crest Nicholson South comments: ”It has been widely reported that first time buyers in the countryside are being priced out of the market** and with many young people paying over the odds in rent we are really pleased to be able to offer our EasyBuy scheme at St Francis Park to help people get onto the ladder. The development is ideally situated for young people to get the best out of their new home; an idyllic setting on the edge of the South Downs is complemented by fast access into London in under an hour.”

St Francis Park has been designed to have the style and feel of a country village and offers a mix of two, three and four bedroom homes all brought together to create a close knit community in the heart of the West Sussex countryside on the doorstep of the South Downs. The development is ideal for all types of buyers from families, commuters and empty nesters, offering a range of amenities and activities close by. Haywards Heath town centre is within easy reach and boasts many high street shops, including Marks & Spencer and Sainsbury’s supermarket as well as plenty of parks and open spaces. There are also plenty of leisure centres, gyms and sports clubs, as well as access to swimming and equestrian facilities, while golf lovers can enjoy the 18 hole course at Haywards Heath Golf Club.

As well as being located just a mile from Haywards Heath train station with trains to the capital in 45 minutes to an hour, St Francis Park is close to both the A23 and M23 taking drivers North to the M25 or South to the coast. Gatwick airport is also only 15 miles away, perfect for business travellers or simply those who like to travel abroad.

Prices at the development start at £199,950 (£169,958 with EasyBuy) for a two bedroom apartment and £299,950 (£254,958 with EasyBuy) for a three bedroom house. For more information please contact the Sales and Marketing suite on 0870 751 3966. Alternatively, please e-mail stfrancispark@crestnicholson.com or visit www.crestnicholson.com.

* http://www.mortgagestrategy.co.uk/buy-to-let/rents-rise-in-all-regions-for-first-time/1040047.article

** http://blogs.telegraph.co.uk/finance/ianmcowie/100012345/rural-house-prices-rise-35pc-faster-than-in-town-as-wealthy-pensioners-displace-local-youngsters/

You can leave a response, or trackback from your own site.

Leave a Reply