Local loan scheme for first time buyers in Belper

Fridaysmove ’s Belper solicitors have experienced an increase in property transactions due to a loan scheme, offered by Amber Valley borough council, which clients who were first time buyers in Belper have been able to take advantage of.

Through the scheme, a loan of up to 50% of the value of the property, up to a maximum of £45,000, can be made. Therefore, the maximum purchase price for a property is £90,000. Households with an income of under £30,000 will qualify for the scheme and applicants will be prioritised, based upon their local connection to the area in which they wish to purchase a property. The loan and any appreciation or depreciation does not have to be repaid until there is a change in ownership of the property, it is no longer a residential dwelling or it is no longer the applicant's main home.

Gemma Farguson, Fridaysmove Conveyancing Solicitor, assisted Mrs. L with the Conveyancing process for the purchase transaction for her home on Mellors Lane, Holbrook, Belper, DE56 0SY. The property was valued at approximately £310k.

Belper is currently undergoing a major redevelopment initiative to improve the economic, social, and environmental well-being of residents. Specific priorities include:

• preventing flooding,
• increasing use of public transport,
• reducing impact of traffic,
• protecting the built heritage,
• bringing empty properties back into use,
• redeveloping outworn buildings,
• increasing energy efficiency of buildings,
• increasing and improving open spaces,
• and opening up riverside to public access.

The estate agent was the Boxall Brown and Jones branch on Queen St, Belper, Derbyshire DE56 1NR. The seller’s Solicitor was Hardy Miles Titterton at 14 Town Street, Derbyshire, DE56 4EH.

Fridaysmove Conveyancing

If you are interested in our Conveyancing in Belper services or would like more information, you can call us on 0330 660 0286 or request a callback. You can also conveniently obtain an Instant Online Quote in just 20 seconds. The quote you see is GUARANTEED and will not change once you begin the Conveyancing process with us.