13/08/2017

First time buyer secures her dream Cheltenham home with only 5% deposit

Sales Advisor Holly Glassbrook purchases her first home only 2 miles from Cheltenham with the Help to Buy* scheme.

An excellent location only two miles from Cheltenham racecourse and fantastic quality build are only few of the benefits Bloor Homes Sales Advisor Holly Glassbrook will be enjoying at her new home, thanks to the Government backed Help to Buy Scheme.

First time buyer Holly, 22, and her partner Mark have bought their first three bedroom home together at Prestbury Chase. Purchasing was a far more favourable option than continuing to pay a monthly rent.

Located just two miles east of Cheltenham town centre, the development ticked all the boxes for the young couple wanting to take the first steps onto the property ladder. 

Holly, who works at Bloor Homes as a Sales Advisor, comments: “I have lived in Cheltenham for most of my life, so staying local was very important to me. We were previously renting, which made our saving goal even more difficult but investing in our own property seemed like the obvious step forward. 

“The Help to Buy scheme was a big factor for us. Without it, we would never have been able to accomplish this dream of ours. We were presented with an incredible opportunity to secure our home where we could settle with just 5% deposit.

“The location was one of the main attractions of Prestbury Chase, as Prestbury is a very popular village and we’re still so close to the centre of Cheltenham.”

Talking about the process itself, Holly explains: “I didn’t think that we would be able to afford our dream house at this stage of our lives. Help to Buy and Bloor made the impossible - possible and we are extremely happy. 

“We are due to move in October and although I haven’t seen my future house, I have a really good idea of what our home will look like. In fact, we already have a favourite spot, which is the lounge where I imagine spending most of our time together. 

“I love the beautiful bay window which is at the front of the house as well as the light and airy space and of course the generously sized garden, which was another reason for us wanting to buy exactly this plot. 

“I chose Bloor because I know they invest a great deal of care and attention when designing their homes. The properties in Prestbury Chase are full of character, which is another reason we chose the development.”

Help to Buy* is available to all purchasers not just first time buyers and they can secure their new build with a minimum 5% deposit to qualify.  The government will lend between 10% and 20% of the value of the property.  This means the buyer will only need to secure up to a 75% mortgage from a bank or building society.