New year, new home at Savant Court, Lichfield
Meet Peter, a Construction Consultant who celebrated the new year by moving into his brand-new home at Savant Court in Lichfield.
Peter had been saving steadily for his deposit whilst living at home with his parents, and after living in a village, he wanted his new home to be closer to work and local amenities. He discovered Savant Court, driving by one day on his way to visit friends, noticing that it was close to the city centre but in a quiet area, away from the hustle and bustle, and it was the ideal location for him.
Peter preferred to buy a brand-new home because of the low maintenance costs, and no need for repairs, as with an older property. With a new Orbit home, there are also lower running costs, thanks to the energy-efficient integrated kitchen appliances, as well as insulation, double glazing, smart technologies, and water-saving features.
A friend recommended Shared Ownership as a route to home ownership, and this appealed to him as a sole buyer, as the deposit and mortgage required for a Shared Ownership home are based on the shares that you buy, not the full market value.
The sales team at Orbit had referred Peter to a financial advisor to arrange his mortgage and sent him regular updates whilst his new home was being built, making the entire process less stressful. Peter remembers; “The sales consultant was very helpful and liaised with the site manager for any changes I needed.”
Now that he has made the move into home ownership, Peter has this advice for other first-time buyers; “Save as much as you can, find a good mortgage broker and research what government schemes are on offer, such as the Lifetime ISA”.
We are sold out at Savant Court, but you can find more information or view our other developments by visiting our website HERE.