When May Thukha and her family decided to relocate from London to Manchester they knew they wanted to find a home which offered lots of space and a garden, be situated near a good local school for their twins and close to local shops and amenities.
May said: “I’m originally from Burma so we chose to move to Manchester from London due to its strong Burmese community. After looking at lots of developments, we settled on East Avenue and we couldn’t be happier with our decision – the quality of the build is excellent, the house feels so spacious, we have a beautiful garden and our children, a boy and a girl, finally get to have their own rooms, something they are very happy about!”
She added: “We’ve recommended East Avenue to lots of our friends and family and so far five of them have already bought new homes at the development!”
May and her family were delighted to find out that they could use Help to Buy:Equity Loan* to purchase their three storey, four-bedroom home meaning they were able to benefit from a 20 per cent government loan which is interest free for the first five years.
Using Help to Buy has had a big impact on the family’s finances too - with their monthly mortgage repayments costing them less than half what they were paying in London each month to rent a two-bedroom flat!
East Avenue’s location was a big plus point for the Thukhas. Situated just 2 miles east out of Manchester along the Ashton Old Road, it has superb transport links into the city centre, plus easy access to the motorway network with junction 23 of the M60 just a short distance away.
Phase 2 of East Avenue is coming soon, offering an impressive selection of contemporary 2,3 and 4-bedroom family homes. To register your interest contact 0161 516 8821 or visit https://www.lovell.co.uk/developments/east-avenue/.
* Under the scheme, if you are a first or second time buyer and you do not currently own a property in or outside the UK then with a Help to Buy Equity Loan, you’ll only need a 5% deposit to purchase a new build home. The government will lend you up to 20% of the value of the property, so you can access mortgages up to 75% of loan to value. The loan is available on new build properties under £600,000 in England, as long as they’re not being bought as buy-to-let. The loan can be repaid at any time and is interest-free for the first five years. After that, it will be charged at 1.75% of the equity loan, rising annually by RPI plus 1%.