Cyden Homes sees improvement in the
housing market
Following
the raft of positive reports about the state of the UK housing market, one of
the area’s largest local new home builders, Cyden Homes, have also reported a
noticeable increase in activity over the last 3 months.
The launch
of the Government-supported Help to Buy scheme is available on all of the Cyden
Homes developments and over the last 3 months, some 40% of new reservations
have taken up the scheme.
“Whilst
there has been some criticism of the scheme, “said Peter Bond, Sales Director
for Cyden Homes,” we have to remember that activity levels are only 10-15%
ahead of this time last year and have still nowhere near recovered to the peak
of 2007 so a price bubble is not likely as yet”
The upturn has allowed family-run and Laceby-based Cyden Homes to commit to building more private and affordable homes this year than ever before in its 6 year history and this will bring both a supply of additional homes for the higher demand in the market
and give
confidence and security of employment for its staff, sub-contractors and
suppliers.
This upturn
has been caused not only by the launch of Help to Buy but by the
ever-increasing quality of Cyden Homes which was recognised this year in the
LABC Regional Quality awards where Cyden Homes won 4 major accolades.
“Home-buyers
in Grimsby have been quick to understand the benefits of the scheme although a
lot of people had thought that it was only available to first time buyers” said
Peter,”but the fact is that most people qualify for the scheme and we’ve had
almost as many second-time buyers with low equity purchasing 4 bedroom homes
under this scheme as we’ve had first time buyers taking it up.”
Help to Buy
means that anyone that qualifies for the scheme can purchase 100% of the home
for 80% of the price with only a 5% deposit. The scheme is only available on
new-build homes and the government-held 20% is interest-free for the first 5
years.
Award-winning
Cyden Homes are currently offering a wide range of 3, 4 and 5 bedroom homes in
Stallingborough, Scartho, Grimsby and Cleethorpes from £154950 to £289950 and
are soon to launch “The Grange in the Woods” in New Waltham, an exclusive
development of just 20 homes set between mature woodland and a village green.
Information
about Cyden Homes can be found by visiting their website at www.cydenhomes.co.uk or calling their Head Office on 01472 278002.