First Homes scheme helps couple onto the ladder at Novus Apartments

For many first time buyers, eager to take that initial step onto the property ladder, the Government’s new First Homes scheme is proving a lifeline.

The scheme, which allows purchasers to buy a new apartment with a 30% discount on the market price was launched at Novus Apartments in Slough, earlier this year – as part of a pilot. So far, demand has been high – with nearly 90% of the homes initially allocated to the scheme, now reserved.

One couple able to take advantage of this scheme were first time buyers Danilo Franzo and his partner, who have secured a one bedroom apartment at Novus Apartments.

Talking of their experience, Danilo said: “First Homes was great for us and has meant that we have been able to buy a home of our own. We had initially been looking for somewhere closer to London but when we came across Novus Apartments, it just offered us everything we were looking for – and First Homes made it accessible. The fact that the development is so well connected and close to the train station really appealed to us. We also love that fact that it is brand new and that all of the appliances etc are included.

“We are really happy with our new apartment. It feels very spacious, and the standard of finish is really good too.”

Talking of the sales experience, Danilo added: “The sales team were amazing. Before we came across Novus Apartments, we hadn’t heard about First Homes, but the sales team talked us through it all and explained everything. They were so friendly and helpful, and they kept in touch throughout. We couldn’t fault them!”

The First Homes scheme is designed to help local first time buyers and key workers onto the property ladder, by offering new homes at a discount of 30% compared to the market price – as a result, making deposits and mortgages more affordable.

The 30% discount will apply to the homes forever, meaning that generations of new buyers will continue to benefit every time the property is sold.

Novus Apartments is the only development in Slough able to offer this scheme.

Andy Howell, General Manager at Slough Urban Renewal (SUR) said: “We are delighted that Novus Apartments is part of the early delivery programme and one of the first developments in the region to be able to offer the new Government First Homes Scheme. By offering a discount of 30%, we are able to open up these homes up to more first time buyers s, who are currently finding themselves priced out of the market.”

The First Homes scheme is available on a selection of apartments at Novus Apartments. Interested purchasers can visit the website for further information or contact the sales team direct, who would be happy to talk them through the scheme’s eligibility criteria.

Novus Apartments comprises a collection of studio suites, one and two-bedroom apartments in Slough. It is the latest collection of homes to be delivered by Slough Urban Renewal (SUR) – the joint venture between Slough Borough Council and Muse Developments. The homes enjoy a central location, situated within easy walking distance of both the train station and the town centre. The homes, which are highly specified, are now ready to move in to.

Every home at Novus Apartments has been built to a high specification, with Symphony kitchens and contemporary bathroom suites as standard. Amtico flooring is included in all living areas and fitted wardrobes are installed in all master bedrooms.

For more information or to book an appointment call: 01753 326146 or email: novus@stubbingsltd.co.uk or visit: www.novusapartments.co.uk/first-homes/