Pictured above: CGI of Lower Parkside

Birmingham homebuyers who want to enjoy a stylish city centre lifestyle can choose from a wide range of properties at Crest Nicholson's award winning Park Central development, situated just minutes from The Mailbox. With two proven assistance schemes in place for eligible buyers, now is the time to be part of the Park Central success story.

Bordered by Bath Row and Lee Bank Middleway, Park Central features a selection of new homes positioned around eight acres of landscaped public parkland. A choice of one, two and three-bedroom contemporary apartments are currently available, with prices starting from just £93,000.  However eligible purchasers who take advantage of the government-backed HomeBuy Direct initiative at Park Central can secure a new apartment with a mortgage as low as £65,100.

Following the release of the Lower Parkside phase at the development, a range of highly exclusive freehold townhouses are also available at Park Central, including two, three and four bedroom designs. Two bedroom townhouses start from just £180,000 - or from £126,000 with HomeBuy Direct.

A Helping Hand for Today's Buyers

Susan Young, sales and marketing director for Crest Nicholson, said: "At Park Central we understand the importance of supporting buyers in a challenging economic climate; and we appreciate that offering a choice of assistance schemes is key - what works for one purchaser may not necessarily be the best option for another. In order to remain flexible in our approach we have reintroduced HomeBuy Direct at Park Central for a limited period, and we are also now offering EasyBuy to provide support to a wider range of buyers."

HomeBuy Direct is available at Park Central for eligible purchasers with a household income of less than £60,000.  The initiative sees the government and housebuilder cover up to 15 per cent each or 30 per cent in total of the property price with a loan.  This then leaves the buyer with a more affordable mortgage for the remaining 70 per cent.  A major benefit of HomeBuy Direct is that the buyer retains 100 per cent ownership of their property.  

EasyBuy is a dedicated Crest Nicholson scheme under which purchasers have the opportunity to pay just 85 per cent of the price of their new home which breaks down as a mortgage for 80 per cent and a five per cent deposit.  The remaining 15 per cent share is covered by an equity loan to be paid back at a convenient time.  

This loan is interest free for the first five years, with a low interest rate fixed at just three per cent APR from the start of year six. The only requirement is that the equity loan is paid back within 10 years of the original completion date; or if the homeowner sells the property, the 15 per cent must be repaid at the property's current open market value.