Home ownership becomes a reality for more first-time buyers at popular Bournemouth scheme
First-time buyers, eager to purchase one of the new apartments at West Cliff Mansions in Bournemouth, have received a boost this month as they are now able to purchase with the assistance of the government-backed Help to Buy scheme. Would-be purchasers, keen to secure themselves a new home in this popular seaside town can now reserve at West Cliff Mansions with as little as a 5% deposit.*
West Cliff Mansions on Hahnemann Road, West Cliff, is a series of one, two and three-bedroom apartments being delivered by the Bournemouth Development Company (BDC), a strategic joint venture partnership between BCP Council and national urban regenerator, Muse Developments.
The Help to Buy scheme is available on selected plots at West Cliff Mansions (priced up to the cap of £349,000) and allows first-time buyers to own 100% of their home with just a 5% cent deposit and 75% mortgage. The remaining 20% is provided by the government as an interest-free loan for the first five years.
Toby Marden, Senior Development Manager, Bournemouth Development Company, said: “We are absolutely delighted to announce that we have the Help to Buy scheme available at West Cliff Mansions. Evidence has shown that Help to Buy has provided a launchpad for many first-time buyers who want to take that initial step onto the property ladder but need a helping hand. We have had great interest from local, first-time buyers keen to secure a new home at West Cliff Mansions and now, thanks to Help to Buy, will be able to make that move a reality! For those looking for a home in the area, we would encourage them to get in touch and explore what homes we have available.”
First released in summer 2021, the West Cliff Mansion properties, which are selling off-plan, have enjoyed significant sales success with over 75% of the homes already reserved.
West Cliff Mansions enjoys a central location. Located just a short walk from the clifftop and the centre of Bournemouth, residents will be able to enjoy all that this beautiful and vibrant seaside town has to offer. The homes will be well connected, with the A35 easily accessible and Bournemouth train station just over a mile away, offering regular commuter services to Southampton, Basingstoke, Winchester and London Waterloo.
All of the residences at West Cliff Mansions will enjoy a high level of specification as standard with stylish modern kitchens and contemporary bathrooms. Each of the homes has been carefully thought out, offering open plan kitchen/living/dining spaces as well as access to their own outside space in the form of a private terrace or balcony.
The homes, which are available to reserve off-plan are due to be ready to move in to in Q3 2022. A limited number of one and two-bedroom apartments remain for sale. Prices start from £275,000.
For more information or to book an appointment at the sales and marketing suite, call 01202 497 232 or email WCM@stubbingsltd.co.uk
*Help to Buy is available on a limited number of homes only (up to the value of £349,000). Eligible applicants will be offered an equity loan up to a maximum of 20% of the purchase price (based on the open market value). Applicants are required to fund at least 80% of the purchase price by means of a conventional mortgage, savings and any deposit where required. For the first five years there is no fee charged on the equity loan component. At the start of year six a fee of 1.75% is payable on the equity loan, which rises annually by CPI inflation plus 2%. The equity loan is provided by Homes England and held as a second charge. Terms and conditions apply, and full details will be provided on request.