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Helping hand for first-time buyers

By: Ray Edwards

Published: 10:32, 03 February 2011

Helping hand for first-time buyers

At Mount Nod, near Gravesend, there is a fantastic scheme to help local first-time buyers on to the property market.

The attractive development from Russet has three one-bedroom apartments available to move into for great prices.

Buyers can opt for Russet's affordable way to get a foot on the housing ladder where a mortgage is paid on a 25 per cent share, with a lower deposit and no stamp duty needed.

A subsidised rent is paid on the remaining amount of equity to Russet and a service charge is levied to include building insurance and communal costs.

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It is available to first-time buyers who live or work in Kent, do not own a property and who earn between £20,000 and £60,000 a year.

Buyers who can afford more can opt to increase the percentage they own which will reduce the amount of rent paid.

Finished to a high specification and carefully designed to make modern living easy, each kitchen has modern appliances including a chrome gas hob, electric oven and extractor.

Each apartment has a dedicated parking space and is built by Crest Nicholson Homes to a high specification with double glazing, gas central heating and allocated parking.

The homes have a 10-year National Housing Building Control warranty.

Mount Nod is at Greenhithe, near Bluewater.

To view a home or find out more about the Newbuild Homebuy Scheme, contact Alex Rivers at Circle Living on 07977 285261.

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