A new Government backed mortgage has been launched for first time buyers called Home Choice. This is a mortgage provided through local authorities to first time buyers who are unable to secure sufficient finance from a bank or building society. Home choice loan will provide up to 92 per cent of the market value of a property purchased and the maximum loan amount will be €285,000 which will be repaid on a monthly basis.
The mortgage term is for a maximum of 30 years and the loan will only be available for newly built homes – further details are available from www.homechoiceloan.ie This is an exciting and innovative initiative by the Government and it is expected will stimulate the market in the new home area. There is certainly plenty of choice and great value out there now for the first time buyer.
An exciting boutique development in Barnaderg, (Lios An Chnoic ) on the outskirts of Tuam offer an exclusive style of home which is just a stroll from the village with prices in the region of €240,000 for a fully finished four bedroom semi detached home. A key feature of the development is that there is a total of only 15 houses with a large green central area and there is a mix of detached and semidetached available.
Also on offer is a fabulous stylish development in the town of Ballinrobe, (Cill O Seighin ) which is fast becoming a commuter town of Galway city – with varying styles of homes available from an incredible price of just €180,000.
Dangan Developments is offering a beautiful detached home in The Orchard in Moylough at an unbelievable price of €285,000.
There is also extremely good value to be had in Gort with lovely homes in the development Sliabh Carran available from just €190,000 to €250,000.
To discuss any of the above developments call Michelle Burke of RE/MAX Premier Properties – call 087 2500 716.