Getting a foot on the property ladder in the Cotswolds
A little over a year ago Joe Francis and his girlfriend Faye Wolley relocated for work to the Cotswold town of Nailsworth, having secured jobs as a Head Chef and Restaurant Manager respectively. To begin with this young couple rented but it wasn’t long before they decided they wanted to put down more permanent roots and their property search took them to the historic market town of Tetbury.
Faye says: “Both of us work long, quite anti-social hours so wherever we decided to buy had to be within a quick and easy commute of our jobs as well as being straightforward to get back home to see our families in Somerset. At the same time, we wanted to buy in an area where there is a good community feel. Tetbury seemed to tick each of these boxes so we began our search here.”
Joe adds: “We really needed somewhere that we could literally move into which is the main reason we were drawn to buying a new build. Our careers simply do not allow us the time to dedicate to home repairs or DIY – we felt with a new build there would be less maintenance and we had the additional peace of mind that, if something does go wrong, there’s a 10 year build guarantee to take care of it.”
There are a number of new developments currently being constructed around the Tetbury area so Joe and Faye had a good choice both of development and property type. “It was the quality of construction and attention to detail which made us decide to invest in a Bewley Home” says Faye. “As our search continued, it became obvious that some builders were compromising on quality of craftsmanship and materials – it was obvious this wasn’t the case with Bewley Homes at Amberley Park where everything felt so much more substantial and well planned.”
Having found a two bedroom house to suit them, Faye and Joe also choose to utilise the Government’s Help to Buy Equity Loan Scheme. Faye says: “Help to Buy wasn’t the determining factor for buying here or for buying new but, by being able to access it, we have been able to afford more for our money which hopefully means we won’t have to move again in the short to medium-term.”
Properties at Amberley Park start at £249,950. Help to Buy Equity Loan Available.*
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*terms and conditions apply
The Help to Buy Equity Loan allows you to borrow up to 20% of a properties value as an interest-free equity loan from the Government. The equity loan is interest free for the first five (5) years, but in the sixth (6) year of ownership, a fee of 1.75% of the equity loan based on the market value at the time you purchased is payable monthly, rising annually by the increase (if any) in the Retail Price Index (RPI) plus 1%. This is applicable if you have not paid back your equity loan by the end of year 5. An illustration will be given to you at the time of purchase. You must pay a monthly management fee of £1 per month from the start of the loan until it is repaid