Light At End Of Tunnel For First Time Buyers
A north east property investment company is taking the initiative and responding to market pressures by launching a new way for first time buyers to take their first step onto the property ladder.
The Principle Property Group (PPG) has launched Nest Invest, a new buying plan to offer private buyers an innovative way to secure their first home, by taking advantage of recent market conditions.
The new plan is being headed up by serial entrepreneur and north east property expert, Amy Fettis, who set up the company three years ago to specifically target the younger end of the property market, including those looking to secure their first home.
Amy said: “Recent reports have shown a surge in demand for rental properties, as more and more people rule out the idea of owning their own home. In fact, there has never been a better time for first time buyers to get onto the property ladder. Building societies are lending again, with first time buyers requiring deposits of as little as 10% and house prices are still low.”
Nest Invest aims to offer a way in to the property market for people with low deposits, offering deals for buying off-plan, at one of the company’s exciting new developments.
Starting with a reservation fee of £1000, people wishing to purchase a home will be given three months to put together a 5per cent deposit, and a further six months to come up with another 5 per cent. They will then be given the remainder of the year to prepare a mortgage offer.
Amy added: “I think most people recognise that now is the time to buy while prices are low but simply don’t have the deposit to put down straight away. Nest Invest offers buyers the chance to fix their property price today while the market is low and then take the time needed to build up their deposit over a realistic time period.
“The recession has led to some great opportunities for those who want to make the most of it, with the current market allowing us to negotiate some excellent deals which we will be able to pass onto the buyer. This week the Government scrapped stamp duty on homes costing up to £250,000, which is yet another incentive for first time buyers to consider investing in an off-plan property, which nine times out of ten will come in under this threshold, meaning that they can expect considerable tax savings. “
We strive for the same outcome as our clients so we also offer a free financial health check to make sure you’re in the best possible position to get your mortgage upon completion. We’ve been helping investors buy off plan for several years with great success and a comprehensive track record; we now want to help individuals to benefit in the same way.”
For more information on Nest Invest, please visit www.nestinvest.co.uk or call 01665 602283
Press enquiries Contact Anna GouldingEmail: anna@gouldingpr.com
Direct: 07957 639 486
Article Courtesy of Amy Fettis @ Nest Invest
