Monterey Park New Homes in Bovey Tracey
New homes are being built in Bovey Tracey – find out more and register your interest in buying a new home on the Monterey Park housing development.
The closure and demolition of the Cardew Pottery in 2008, led to speculation and debate about the future use of the land. The diggers moved in and in record time , a sales centre has been erected at the entrance to Cardew Park and what is now to become Monterey Park – a development of new homes on the edge of the popular town of Bovey Tracey.
New home building in Bovey Tracey at Monterey Park
On the site of the Cardew Pottery in Bovey Tracey, Taylor Wimpey have begun this development of new homes in Devon.
New homes are being built in Bovey Tracey at Monterey Park situated at the end of the Bovey Straights. There will be a range of 2, 3, 4 and 5 bedroom homes for sale.
These new homes will offer a convenient place to live in on the edge of Dartmoor in Devon – home owners will benefit from a level easy walk into Bovey Tracey where there are many facilities and amenities.
The Market Town of Newton Abbot is only four miles away and the A38 provides commuters with a quick, easy road access to Exeter and Plymouth.
First Time Buyer Mortgages
Hopefully there will be help for first-time buyers through a variety of mortgages for one of the selection of apartments and 2,3,4 & 5 bedroom new houses being built in Bovey Tracey.
Following the 2011 budget statement to help first time buyers get a mortgage, a £250 million scheme was launched to help first-time buyers who want to buy a new-build property but can’t afford the high deposits.
Under the First Buy Scheme, the government and the housebuilders will jointly provide a 20 per cent loan to top up first-time buyers’ own deposit of 5 per cent. This will allow people to take out a mortgage for 75 per cent of the property.
Loans will be free of charge for the first five years and repaid when the property is resold. The funds will then be recycled to fund more homes for the scheme.
The First Buy Scheme should help 10,000 families to get onto the housing ladder, with the first homes expected to be available from September 2011, in time to help those looking to buy a new house on the Monterey Park development in Bovey Tracey.
To fnd out more about help for first time buyers visit http://www.direct.gov.uk/en/Nl1/Newsroom/Budget/Budget2011/DG_WP195617