Seddon Blog

Seddon Homes increase allocation of FirstBuy equity loans available to first-time buyers in Salford

Posted on February 15th, 2013

Following the news that first-time buyers entering the UK housing market has reached a 5 year high, Seddon are very pleased to announce that for a limited period they are able to offer an increased number of the government backed FirstBuy equity loans at Greenway, their new home development in Rochdale.

Greenway at Unity Quarter in Salford offers a range of keenly priced 3, 4 and 5 bedroom new homes all built to eco homes standards ensuring comfort and low running costs. With generous specifications provided as standard including many items regarded as extras by other new homes developers, buyers will be impressed at what Seddon Homes has to offer.

Under the FirstBuy scheme, 20% of the deposit for a new home can now comprise an equity loan funded jointly by the government’s HomeBuy agency and Seddon Homes. The loan is interest free to first time buyers for 5 years. They will need to pay it back when they sell the property, or after 25 years.
In practice it means people new to the property market only need to find enough savings to pay a 5% deposit up-front.

Seddon Homes sales and marketing director Denis Maddock expects a new surge of interest in first homes at this development.

“Whether you are a couple looking for your first step onto the property ladder or a young family looking to buy your first home, this increased allocation of FirstBuy in Salford could help you make that move.”

This increased allocation is only available for a short time, and sales must complete by 28th March, so contact Seddon Homes and secure your home today

For more information contact the marketing suite on 0161 708 0627 or visit Our show homes are open Thursday — Monday 10am — 5pm.

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