Explore Living Offers Special Scheme For First Time Buyers
06/21/2010

Explore Living is offering first time buyers a new opportunity to own a home at the New Meridian Village in Ramsgate, Kent, through the Route 85 scheme.

Online PR News – 21-June-2010 – – explore living is offering first time buyers a new opportunity to own a home at the New Meridian Village in Ramsgate, Kent, through the Route 85 scheme. This shared equity scheme has been designed to remove certain barriers experienced by those first time buyers wishing to get onto the property ladder.

Route 85 enables outright ownership, assisted by a 10 year interest free 15% funded by Explore Living. In addition to this, a 5 % percent deposit of value is required together with £1000 to reserve the chosen home. Terms and conditions apply and the offer is subject to availability. Explore Living can also suggest mortgage brokers who can help arrange a mortgage for the remaining 80 %.

The offer is available for 1 and 2 bedroom apartments together with 3 bedroom houses in the New Meridian Village – Winner of Best Starter Home Award from What House? in 2009.

Explore Living’s Sales and Marketing Director John Inglis commented: “The obstacles preventing first-time home buyers have been removed by our Route 85 scheme. Our customers also get the peace of mind from knowing that while this is a shared equity scheme they do own their property outright. Thanks to the Stamp Duty threshold being raised it means first time buyers at New Meridian Village can further benefit by not paying Stamp Duty.”

The new homes are a fusion of Victorian style and contemporary interior design. Homes at the New Meridian Village in Ramsgate, Kent are conveniently located near to the coast and Ramsgate Marina. Ramsgate itself boasts a high speed rail link to London which can be reached in around 80 minutes.

Prices at New Meridian Village start from £104,995 for a one-bedroom apartment and £199,995 for a three-bedroom house.

Explore Living is part of Laing O’Rourke, the international construction firm behind Heathrow’s ultra-modern Terminal 5, as well as member of the London 2012 Olympic consortium.

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