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Search for Pastures New at Long Meadow

Search for Pastures New at Long Meadow
Many would-be first time buyers are having to make big sacrifices to afford a new home according to research from L&C Mortgages.

These include moving back in with parents, taking a second job and even delaying having a family.

However buyers of the three bedroom semi-detached Albury housetype at Walker Group’s Long Meadow development in Ormiston are being given a helping hand from the Scottish Government’s Help to Buy Scheme meaning they only have to pay an £8,950 deposit on an Albury priced at £179,000.

Under the scheme, buyers just need to find a 5% deposit with the Scottish Government taking a 15% equity stake, subject to criteria.

Purchase price: £179,000
Help to Buy contribution: £26,850
Personal Deposit: £8950
Borrowing: £143,200

Monthly payment of £510.87 per month, based on a 30 year term at interest rate of 1.74% fixed for two years. Product fee of £999 can be added.

Sandy Casey, Director Walker Group, said: “Buying your first home can seem an impossible dream for many young people but with Help to Buy monthly payments become much more affordable and the initial outlay is much less daunting,

The Albury is a fantastic first home or property for a young family and now is a great time to get on the property ladder while interest rates are still low.”

Designed to offer space where buyers need it most, the Albury has a generous lounge with patio doors leading out to the garden, a front-facing kitchen and a downstairs cloakroom.

Upstairs there are three bedrooms, with the master featuring an ensuite, and a family bathroom. Long Meadow will feature 54 three, four and five bedroom family homes when complete, located 14 miles from Edinburgh.

Also available for reservation are a range of homes including the Glenelg three bedroom semi-detached from £160,000 and the four bedroom Canterbury from £245,000. With high quality finishes and fittings as standard, each property includes stylish and practical kitchens and bathrooms, along with high-efficiency heating systems and appliances to help ease carbon footprint concerns.

The new homes feature high specification fixtures and fittings such as integrated fridge freezers and turfed front gardens as standard. The first planned village in Scotland, Ormiston is a friendly bustling village founded in 1735 by John Cockburn one of the initiators of the Agricultural Revolution.

It has a population of just over 2,000. It offers a choice of places to eat and drink, along with surrounding villages and towns such as Tranent, Pentcaitland and Haddington.

There is a range of shops in Ormiston including a Co-op, a new medical centre and a well regarded primary school. Local landmarks include the Great Yew of Ormiston which is believed to be as much as 1000 years old.

Tranent, which is just under three miles away, has all the amenities you would expect of a small town including supermarkets and sports facilities.

Kids will love the Loch Centre which has a 25m swimming pool and soft play along with a multi-purpose sports hall and dance studios.

Fort Kinnaird Retail Park is about 20 minutes drive away with its selection of high street names including B&Q, Marks & Spencer and Pizza Express. It also boasts an Odeon cinema.

A short drive from Ormiston is Vogrie Country Park where visitors can explore 11.5 miles of countryside paths, take a ride on the miniature railway or enjoy lunch in the Cedar Tree Café.

Other attractions in the area include Glenkinchie Distillery where visitors can take a tour and sample the company’s single malt whisky, the imposing 13th century fortress Dirleton Castle and the golden sands of North Berwick.

Excellent road and transport links allow easy access to Edinburgh and the coastal towns of East Lothian. Wallyford Station is just over five miles away where commuters can travel to Edinburgh Waverley in just 14 minutes.

For further information on Long Meadow please contact Walker Group on 01506 413 101 or visit the website www.walkergroup.co.uk. A sales cabin is open at the site at Long Meadow, Ormiston, EH35 5AB, Thursday to Monday from 11am to 5.30pm.