FirstBuy makes home cheaper

The latest figures from Halifax show that the average age of the first time buyer in the East Midlands is 27 - but Rippon is hoping to help those who want to get on the ladder earlier on in life by offering a selection of its homes with a new Government-backed scheme.

At The Hawthorns on Eakring Road, the housebuilder has received an allocation of the Government’s FirstBuy funding which was introduced in a bid to make home ownership more affordable.

With this scheme, eligible purchasers can initially secure a new Rippon home with a mortgage for just 75 per cent of the asking price and with a deposit of only five per cent.

The remaining 20 per cent is funded by a deferred loan from Rippon and the Government’s Homes and Communities Agency (HCA).

Serena Bishop, sales adviser at The Hawthorns and the company’s resident FirstBuy expert, said: “The properties at The Hawthorns represent excellent value for money but with FirstBuy, getting that vital first step on to the property ladder becomes even more affordable.”

l To find out more call the free phone sales hotline on 0800 169 7644 or log on to the website at www.ripponhomes.co.uk