New scheme to help home-buyers

PUBLISHED: 20:00 21 September 2012

Homes at Locking Parklands

Homes at Locking Parklands

©steve townsend www.stownsend.com

THE firm behind the Locking Parklands development has launched a new equity loan scheme to help first-time home buyers get on the property ladder.

St Modwen Homes’ new FirstStep scheme is designed to rival the Government’s FirstBuy scheme and will allow people to gain a loan of up to 25 per cent of the full purchase price of a home at the former RAF base.

The scheme is not just available to first-time buyers, but to anyone looking to buy a home at the site.

When completed, the development will eventually have up to 1,500 homes, many of which are already on the market.

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