Oxley Woods Houses Now Available Through FTBi

Home buyers looking for a detached house of their dream are being offered to visit the unique George Wimpey’s development, Oxley Woods, located in Milton Keynes. Not only is it attractive, it is also affordable due to the innovative First-time Buyers Incentive. A typical type G 2-storey house is now available at only £110,000. Let us remind that the new scheme is aimed at helping buyers meet the lenders’ requirements associated with large deposit sums. The First-time Buyer Incentive (FTBi) makes it possible for buyers with a total household income of £60,000 or less to purchase a house of their dream. The scheme allows house buyers to get an interest-free loan for up to 50% of the property value; the loan is being co-funded by the Homes and Communities Agency as well as by the developer, George Wimpey. The FTBi, thus, allows homebuyers to save as much as 50% on their mortgage and yet to fully own the property. The funded loan is interest-free for the first 3 years. Oxley Woods’ type G house includes 2 floors, with a kitchen, a dining room, a cloakroom and a hallway located on the ground floor, with a living room, a bedroom, and a bathroom on the 1st floor, and, finally, with 2 more bedrooms and another bathroom on the 2nd floor. Homebuyers looking for more sophisticated homes might be interested in 3-storey houses in the Oxley Woods development, which are available for £245,000. The houses have 3 bedrooms, 2 balconies (on the 1st and on the 2nd floor each), 2 bathrooms and secured parking. George Wimpey also offers 4-bedroom houses in the Oxley Woods development for £269,995 and more. Let us remind that the Oxley Woods development is the result of cooperation between George Wimpey, one of the largest UK property developers, Rogers Stirk Harbour, one of the leading architects in the world. Their joint efforts to win the Government’s competition for Design for Manufacture resulted in the construction of Oxley Woods, one of the most innovative, environment-friendly, yet affordable developments in the UK.