Househunters in Huyton are being given a leg up on the property ladder through a shared equity scheme.

Gleeson Homes is offering homebuyers the chance to defer 25 per cent of the cost of their new home at Montreal Gardens for ten years, with no interest or rent to pay.

Julie Rayner, sales director for Gleeson Homes, says the scheme saves buyers from worrying about mounting interest.

"By deferring 25% of the cost of their new home, Gleeson customers need only apply for a mortgage that represents 75% of the value of their new home. This should give them access to some of the best deals around without having to save for a large deposit," she said.

Other money-saving initiatives are available from Gleeson, including a scheme which pays for new carpets, curtains and legal costs for a one-off £99 fee.

Gleeson last year began work on the Breeze development in Sheffield's Norfolk Park, which will provide 91 additional two, three and four-bedroom apartments to the area.

Source: Direct News 17/5/09