FTBI

First Time Buyers Initiative

First time buyers have a fantastic opportunity to live at the exclusive £200m RiversideOne development at Middlehaven for less than £42 per week thanks to an exciting initiative being introduced by developer BioRegional Quintain.

But interested potential buyers will have to hurry. Only 30 apartments currently being constructed within the development's first residential building are available under this scheme. The first lucky 30 applicants must pre-register now to be qualified for sales which will take place in January 2011.

from £42 per week

Studio, one and two-bedroom apartments are available at RiversideOne under the scheme for the lucky few who will live there for under £42 per week. Based on a purchase price of £79,995 for a studio with a five per cent deposit, a 30 year repayment mortgage over a two year fixed rate and a 50% equity share, the monthly mortgage cost will be £187.92 or £41.29 a week. Similarly, a one bed purchased for £96,995 will cost £50.01 a week and a two bed bought for £121,995 will be £62.85 a week.

There are various qualifying criteria for the FTBI scheme and BioRegional Quintain is able to offer help and advice to potential buyers to make sure they meet them. Those who are eligible must take out a mortgage which, along with their deposit, must make up a minimum of 50% of the full purchase price. In return the Government will assist with up to 50% of the full purchase price and then has an entitlement to the future sale proceeds equal to the initial percentage of contribution.

Register your interest

To register your interest in the FTBI scheme call the RiversideOne marketing suite on 01642 244490, email sales@riverside-one.com with your contact details or complete the Registration form.

Your home may be repossessed if you do not keep up your repayments on your mortgage.