Less to buy our new home than to rent

Kentish Gazette Canterbury & District - East Kent Property - - HOMESNEWS -

Life in a brand new three­bed­room home is work­ing out beau­ti­fully for first-time par­ents Har­riet and Liam Phe­lan.

The cou­ple had been spend­ing £750 a month rent­ing a small, two-bed­room cot­tage in Wing­ham, near Can­ter­bury.

But Har­riet, 24, and Liam, 25, were pleased to find that with the help of the gov­ern­ment’s Help to Buy scheme, and money for a de­posit that they had been given as wed­ding presents, they could af­ford to buy a house for £219,995 at Bar­ratt Homes’ Ayle­sham Vil­lage de­vel­op­ment in the neigh­bour­ing vil­lage of Ayle­sham.

Their monthly mort­gage pay­ments now work out at £691. Har­riet says: “It is un­be­liev­able that we are now pay­ing less in our monthly mort­gage pay­ments than we were in rent for our tiny twobed­room cot­tage, which had no gar­den.

“When Carter ar­rived, we wanted some­where to make a fam­ily home, but we were wor­ried it would be vir­tu­ally im­pos­si­ble for us.”

Liam says: “My dad used to live and work in Ayle­sham as a miner many years ago, so I was al­ready fa­mil­iar with the vil­lage.

“When we dis­cov­ered the range of new houses that were be­ing built and the fact that the Help to Buy scheme was be­ing of­fered, we had to take a look.

“The idea of mov­ing into a new house, which would re­quire no work to it, also ap­pealed, par­tic­u­larly with a new baby.”

A se­lec­tion of four-bed­room fam­ily homes are cur­rently avail­able at Ayle­sham Vil­lage, with prices start­ing from £274,995. Help to Buy is avail­able on all homes.

Pic­tures: Steve Mal­laby Pho­tog­ra­phy

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