Mansfield-based housebuilder, Rippon Homes, has received national funding that could help more local first time buyers get that valuable first step on to the property ladder.
Rippon has received an allocation in the new FirstBuy shared equity scheme that was introduced by the Government in a bid to make home ownership more viable to those who had previously been priced out of the market.
With FirstBuy, eligible first time buyers can initially purchase a property for just 75 per cent of the asking price and with a five per cent deposit. The remaining 20 per cent is funded by a joint loan from Rippon and the Government’s Homes and Communities Association (HCA).
Tracey McLaren, Sales and Marketing Manager at Rippon Homes, said:“We’re delighted to announce that we have been successful in our application to receive some of the Government’s FirstBuy funding and we look forward to helping local first time buyers achieve their dream of home ownership.
“We’ve received allocation on 20 of our three- bedroom properties so this really is an unmissable opportunity for young families to buy a quality new Rippon home at the lowest possible price.”
Rippon’s allocation is limited and will be awarded on a first come, first served basis only.
Interested purchasers are being encouraged to register their interest now as the first homes are expected to be available on the scheme from September.
Rippon is currently building a selection of high quality family homes at all its developments throughout Nottinghamshire which include:
Three- bedroom homes from £124,950.
Little Debdale Lane
Three- bedroom homes from £136,950.
Three- bedroom homes form £124,950.
Three- bedroom homes from £127,950.