Hallam Fields - A helping hand to a home of your own…

Release Date: 09 July 2008

A helping hand to a home of your own…

Think that a new home is out of your reach? Think again – a newly launched government initiative could mean that with a mortgage of as little as 50% of the purchase price, a new home at Jelson Homes’ popular Hallam Fields development in Birstall could be yours.

Designed to help first time buyers, key workers or those presently living in rented social housing and with a household income of less than £60,000 to purchase a home of their choice on the open market, the ‘MyChoiceHomeBuy’ scheme could be the key to the home of your dreams.

With a low interest loan of between 15 – 50% of the value of your new home to ‘top up’ a mortgage of your choice from a range of lenders, this scheme could seriously boost your purchasing power.

In addition to your mortgage payments, small payments on the ‘MyChoiceHomeBuy’ loan are made on a monthly basis at around 1.75%, with the balance of the loan due for repayment when you either sell the property or have paid off your mortgage. The property will be re-valued and your final repayment will be based on the percentage you owe of the property’s latest value – so whether prices rise or fall, you get a fair deal. But with funds available on a first-come-first-served basis, you will have to hurry - so visit Hallam Fields and choose your new home soon.

To take advantage of this exciting new initiative, you first need to decide which brand new home at Hallam Fields best suits your needs. There is a range of properties available to suit a variety of family types and sizes – from 1, 2 and 3 bedroom apartments, some of which have a garage, through to a range of 3 bedroom townhouses and detached homes. Jelson’s friendly sales advisors will be on hand to discuss your requirements and once you’ve chosen your new home, all that remains is to put your application forward - further information on how to do this can be provided on site.

In addition to a great choice of homes built to Jelson’s traditional standards, Hallam Fields is set to become a new community in its own right with a shop, primary school, open public spaces and sports pitches within walking distance of every home on the development as well as safe and easy pedestrian access into the existing community of Birstall. A new park and ride service will take residents into the heart of Leicester city centre, helping them to do their bit for the environment.

Located off the A6, Hallam Fields enjoys good travel links with easy access to central Leicester, just 4 miles distant, and the nearby M1 which provides access further afield.

Visit Hallam Fields and find out whether ‘MyChoiceHomeBuy’ could be the key to the home of your dreams. Prices on the present phase start at just £119,950 for a 1 bedroom apartment. The show homes are open daily from 11.00am to 5.00pm, Tel. 0116 267 7762. Outside of these hours, call 0116 2661541 or visit www.jelson.co.uk

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IMAGE CAPTION: Jelson Homes at Hallam Fields

About Jelson Homes

Founded in Leicester in 1889, Jelson Limited has been building quality homes for over 100 years. As one of the country's leading privately owned construction companies, Jelson has established and enhanced a reputation based on traditional building techniques, thoughtful modern designs and quality construction carried out by a well trained and managed team.

Currently building in various locations across Leicestershire, Lincolnshire, Derbyshire, Cambridgeshire, Nottingham and Northamptonshire, Jelson is widely regarded as one of the East Midlands' leading employers.