The Frankly - A first homes property (backed by His Majesty's Government)
So what is a first home?
First Homes is a national scheme designed to help first-time buyers purchase their own home at a more affordable price. Enjoy a 30% discount off the full market value of the property. Simply put, you buy with a discount and sell with the same discount, never paying rent unlike shared ownership schemes.
Who is it for?
• First-time buyers only – all applicants must be buying their first home • Household income must be under £80,000 • You must be able to get a mortgage for at least 50% of the discounted price • The home must be your only residence • Some local eligibility rules may apply, such as having a local connection or being a keyworker • Subject to availability, eligibility, and local authority approval. Terms apply
More about the Frankly house type.
A spacious (856 ft2) home with two excellent double bedrooms, dining kitchen and relaxing living room. There's also a downstairs guest cloakroom and modern first floor bathroom. All built to Kendrick homes exacting standards.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Plots 3 and 4 Cygnets Rest, Drakes Broughton - Streetview
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