first time buyer advice Archives - Urban Union Ltd

Lending Policy Change Opens The Door For First Time Home Ownership

Exciting news for aspiring homeowners! Skipton Building Society has today announced a remarkable change to its lending policy for new build homes that will provide unprecedented opportunities and support for first-time homebuyers.

In a change to its current lending criteria it hopes to address some of the challenges faced by aspiring homeowners and simplify the path to home ownership.

This new mortgage deal of up to 95% loan to value applies to new build flats where only a small 5% deposit would be required.

So, if you are looking for a new build flat in 2024, we have a range of one and two bedroom apartments available at our Pollokshaws and Laurieston Glasgow developments where prices start at just £180,000. Ask your mortgage adviser about the best deals available to you in 2024 and take your first step onto the property ladder.

Why our apartments are the perfect first time buyer homes

Three words to describe an Urban Union apartment? Energy efficient, modern and spacious.

Designed for modern day living these one and two bedroom options have an open plan living layout, built-in cupboard space, separate utility room and more. Which means you not only have a much more manageable home, but a functional one.

Looking to be convinced? Read on to find out more about our new build Glasgow and Edinburgh homes, and why they are suited to your lifestyle.

 

energy efficient first time buyer properties with energy saving lightbulbs

High energy efficiency rating = savings on your home bills

Firstly, as a contemporary new build, all of our apartments are built with an environmentally friendly ethos in mind. This means that all of our apartments are fully double glazed, fitted with a hi-efficient combo boiler as standard, completely insulated and installed with energy efficient appliances.

The benefit of this to you as a first time homeowner means you will be more likely to be approved for a green mortgage offer, due to the epic rating, and you will also receive ongoing benefits through saving on your monthly energy bills.

 

Proximity to City Centre locations

As well as this you can also save by relying less on your car for travelling, due to our apartments proximity to City Centre locations and the convenience of great local transport links.

By being so close (20 mins or less) to Glasgow/ Edinburgh you will have a quick and easy commute, but can also take advantage of nearby nightlife, socialising option, shopping destinations, restaurants and more.

 

An entirely blank canvas to make your home your own

However, if you’re more of a home bird, our new apartments provide an entirely blank canvas for you to decorate and put your own stamp on things.

Whether it’s a splash of colour on the newly plastered walls, that furniture you’ve always dreamed off or those statement light fittings. It’s all possible with our spacious one and two bedroom apartments.

 

first time buyers discussing options with mortgage lender

On hand mortgage advisor options

Our apartments begin at £160,995 for a one bedroom apartment, a fixed price which can be reserved for as little as £99 at our Pennywell Living location.

Typically you will require a 5% to 15% deposit, depending on your mortgage lender. The great news is that this isn’t required until the project is complete – giving you some additional time to get your savings together.

And, if you are needing some mortgage guidance, we have a great partnership with The Mortgage Advice Bureau. Simply ask your Urban Union sales representative and they will put you in direct contact with one of their knowledgeable team members.

 

first time buyers supported by premier guarantee on new build apartments

Apartments supported by Premier Guarantee

The last benefit of purchasing an Urban Union apartment for first time buyers? All of our new build homes are covered by the Premier Guarantee warranty and are insured against a wide range of structural issues that could occur to your home during the 10 years after construction is completed. Providing you with peace of mind.

 

affordable new apartments in glasgow targeting first time buyers

Keen first time buyer looking to reserve a home?

Whether you’re looking to make the move to Glasgow or Edinburgh, you currently have the opportunity to reserve one of our last remaining one or two bedroom apartments within Pollokshaws Living and Pennywell Living.

Make sure to be quick though! As of Thursday 27th April, only three plots remain in Pennywell, with eight other plots in Pollokshaws. There will be no further apartment releases for either development after these phases sell out.

Get in touch with our Sales Teams directly to ensure you don’t miss out.

Pollokshaws Living | email:pollokshawsliving@urbanunionltd.co.uk tel:07498 057112

Pennywell Living | email:pennywellliving@urbanunionltd.co.uk tel: 07940 992182