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Earn £14k a year or more and you could own a Keepmoat home in Hartlepool

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Earn £14k a year or more and you could own a Keepmoat home in Hartlepool

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Published by Becki Ord for Keepmoat in Housing and also in Communities

A peep through the key hole of The Bedford showhome at Alexandra Square A peep through the key hole of The Bedford showhome at Alexandra Square

 

 

 

Press release

August 2014

FIRST time buyers struggling to get on the property ladder can now buy a new two-bedroom home in Hartlepool - with a mortgage which will cost them just £230 a month. 

House builder Keepmoat is offering customers with a salary of at least £14,000 a chance to own a £79,995 home at its development at Alexandra Square in the town centre. 

The homes, which are available under the government’s Help to Buy scheme, can be purchased through a 35-year mortgage product which Keepmoat is offering customers on modest incomes. 

A two-bedroom Bedford home at Keepmoat’s development on Raby Road can be bought through Help to Buy with a minimum 5% deposit of £4,000. A new build 35-year mortgage can be used to fund 75% of the property’s purchase price, while the remaining 20% is funded through a loan from the government of up to 25 years, with the first five years being interest free. 

The Bedford is a perfect home for first time buyers, featuring an entrance hall, WC, lounge and kitchen/diner on the ground floor and two bedrooms and a family bathroom upstairs. 

Christine Harrison, Sales Director for Keepmoat North East, said: “The exceptional value of the homes available at Alexandra Square mean many more local people can now aspire to buying their own home, with potential monthly mortgage repayments as low as £230. 

“Even with the falls we have seen in property prices in recent years getting on the housing ladder can be difficult for those who do not have substantial incomes. 

“Keepmoat is putting new homes on the market that are reflective of the salary levels for many who work in the town. With affordable mortgages available, which work out substantially cheaper than renting a similar sized property in the area, we are opening the door to home ownership for many more local people. 

“Combined with Help to Buy it makes purchasing a new home an increasingly attractive proposition for first and second time buyers. And with a choice of homes on offer at Alexandra Square there’s something for everyone, whether families or young professionals.” 

Alexandra Square is a development of 83 two and three-bedroom homes located within 10 minutes’ walk of Hartlepool Marina with its boats, watersports, attractions and mix of bars, cafes, shops and restaurants.

The development is also in a good catchment area for schools and transportation links. The new homes offer great access to nearby Hartlepool town centre as well as Durham, Sunderland and Middlesbrough.

Alexandra Square is part of a £9 million regeneration scheme, which is a key to the North Central Hartlepool Masterplan, and is being funded jointly by Keepmoat, Hartlepool Council and the Homes and Communities Agency (HCA).

For more information or to reserve your dream home, please visit Keepmoat’s sales office and show home at Alexandra Square, Raby Road, Hartlepool, TS24 8EH between 10.00am and 5.00pm Thursday to Monday.  Alternatively, please call our home sales executive 01429 818 031 or visit www.keepmoat.com.

 

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