People looking for affordable homes on Cornwall's seaside are being given the opportunity to take advantage of a government-backed shared equity scheme.

Midas Homes is holding an event on May 9th to show househunters how they can buy a home on the Two Coves development for just 70 per cent of the asking price under HomeBuy Direct.

The remaining 30 per cent will be funded by an equity loan co-funded by Midas Homes and the government, which is interest free for the first five years.

"A stunning location, coupled with the HomeBuy Direct scheme and a wide range of high-quality homes makes it an easy choice for visitors," said Wayne Bennett, sales and marketing director for Midas Homes.

Last week Midas hosted a HomeBuy Direct event at its Phoenix Quay development in Plymouth to help visitors find out more about how they can afford the 16 apartments and townhouses included in the scheme.

Source: Direct News 5/5/09