Helping Buyers get a New Home with just a 5% Deposit

 Enjoying an enviable location in the beautiful Suffolk market town of Framlingham, Prospect Place offers a range of homes in various styles and sizes from contemporary one bedroom apartments to substantial four bedroom detached family homes.

The Help to Buy* scheme is available to anyone buying a new build home whether first time buyer, family looking to move on from an existing property or any purchaser hoping to take advantage of the convenience and cost savings associated with a new build property. Buyers will need a minimum deposit of just 5% and the government could then provide up to a 20% equity loan leaving a requirement for only a 75% mortgage.

With prices at Prospect Place starting from £149,995 for a one-bedroom apartment with parking or £289,995 for a three-bedroom family home, Help to Buy* makes homeownership an attractive and realistic prospect that can be cheaper than renting!

For example, The Marigold is a stylish one-bedroom apartment currently available for £149,995, with Help to Buy* this would mean:

Minimum Deposit:           £7,500

20% Help to Buy* loan  £29,999

75% mortgage                 £112,496

Mortgage payment          £344** per month

Compared to the cost of renting an equivalent property in the area this represents excellent value for money with the added luxury of enjoying the lower running and maintenance costs and modern design features that a new build property has to offer. 

Lee Barnard, Sales & Marketing Director said: "Prospect Place is an exceptional development within the thriving market town of Framlingham and high demand for homes in this area can push prices beyond reach of first time buyers. The Help to Buy* scheme offers a fantastic opportunity for buyers to get on to, or to move up, the property ladder in this beautiful area. Our sales consultants are always available to help buyers to understand how the scheme works and help them achieve ownership of their own dream new home."

The town is well served for convenient amenities including a number of schools, a supermarket, doctor and dentist surgeries and boasts a range of individual shops and restaurants as well as the renowned Framlingham market which continues to be held every Tuesday and Saturaday as it has been since 1258.

Prospect Place offers the chance to enjoy life in the beautiful Suffolk countryside but the A12 is just ten minutes' drive away from home making it easy to commute to larger towns and cities. Meanwhile, the nearest train station is at Wickham Market, 12 minutes away by car, with links to Ipswich offering journey times into London Liverpool Street in under 2 hours.

The marketing suite and fully furnished showhome is open Thursday through to Monday, 10am - 5pm or private viewings can be arranged by contacting Josh Raven on 01787 280202

*Subject to status, terms & conditions.  **1.49% 2-year tracker mortgage over 35-year term. Barclays, November 2016.