Seddon Blog

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

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.

Bridgefold offers a range of keenly priced 3, 4 and 5 bedroom new homes in Rochdale. Stylish, with full modern facilities, light and spacious and built to a high specification, these homes come with stylish kitchens and bathrooms and there are a number of two bedroom houses available which are ideal for first-time buyers.

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 Rochdale 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 0845 456 9603 or visit Our show home is open Thursday — Monday, 10am — 5pm.

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