Try before you buy with Bellway January 2009
National house builder, Bellway has come up with an innovative scheme to entice first time buyers onto the housing ladder.
‘Try before you buy’ allows would-be purchasers to rent a brand new Bellway home for up to 12 months – and potentially live rent-free for the first year. At the end of the year, or earlier the tenant has the option to buy the home. If the tenant decides to purchase all of the previous rental payments will be deducted in full from the sale price of the home.
Commenting on the scheme, sales director, Billie Oaten from Bellway said: “This scheme works on several levels. We know there are a lot of people wishing to buy a new home, but some people have concerns as a result of the economic downturn. Try before you buy is designed to mitigate these fears by allowing you to rent the property for up to 12 months at which point you can walk away or buy the home. Utilising the rental payments also provides a unique cost effective way of saving up a sizeable deposit but doing so whilst living in and enjoying the new home.
“The unique difference with our scheme is that should you decide to buy, all the rental payments will be deducted from the sale price of the house, so in effect you will have lived rent free for up to 12 months. Secondly, you will have all the benefits of living in a brand new modern home that has been expertly designed and built. Utility bills will be lower as a result of modern building technology and all our new homes come complete with brand new kitchen appliances.”
Bellway will be piloting the scheme at its Bayside Plaza development at Prospect Place overlooking Cardiff Bay where tenants can choose from studios costing £450 per month, one-bed apartment from £500 per month, and two-bed apartments from £600 per month. For those interested in one and two-bed apartments a choice of a garden or sea view is available.
“This really is a fantastic offer for those people renting who are eager to buy a home of their very own,” said Billie.
Tennants at Bay side will also benefit from a range of attractive amenities including a state-of-the-art spa and leisure facilities, which include a spa pool, gymnasium, steam room and Wales’ first lap-lane swimming pool.
Bayside is ideally located, transport links are excellent with both the A4232 and M4 conveniently close by and your local airport, Cardiff International, is less than 15 miles from home at Bayside.
For more information call the Sales Centre Tel: 02920 341377. Opening times are all week 10AM - 5PM, or visit www.bellway.co.uk
Ends
Notes to Editors
· Rental applicants must be able to show three years history at a previous address and six months employment history, referencing is undertaken by The Home Supermarket.
· An initial fee of £150 + VAT is payable to cover referencing and compilation of a tenancy agreement.
· A deposit is required equivalent to one months rent plus £100 plus one months rent in advance.
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