Share the Joy of Coopers Mill
13th Oct 2011
Popular Development Launches ‘Start Point’ Shared Equity Scheme
The award-winning development Coopers Mill, situated on the Upper Newtownards Road at Dundonald, has launched the ‘Start Point’ shared equity scheme that offers potential buyers a unique opportunity to own their own brand new home – in partnership with the McGinnis Group, one of Northern Ireland’s most respected local homebuilders.
The launch of ‘Start Point’ - the shared equity scheme means The McGinnis Group will finance up to 15% of the value of the property with the buyer only having to arrange mortgage finance for the remaining 85% of the purchase price. The McGinnis Group will charge no interest on the 15% for the first five years of the deal, and only 2% above base rate for the remaining term. Homeowners have up to 10 years to pay back the share. Of course the balance can be paid back before, or if the property is sold.
The McGinnis Group has also struck a great deal with their partner mortgage providers – which enables homebuyers to secure a mortgage with at least a 5% deposit, one of the lowest available on the market. According to Patricia McGinnis the deal has been put together to help customers become homeowners: “The interest in Coopers Mill is phenomenal and naturally we work very closely with the prospective buyers and our agents. We felt there was a real opportunity to help even more potential buyers with a shared equity scheme so we approached our partner mortgage providers and created ‘Start Point’. Shared Equity is very much the norm in England and Scotland and we felt there was a real opportunity to introduce it to potential buyers at Coopers Mill. It operates like a standard mortgage and simply reduces the costs for buyers wanting to own their own home – in the majority of cases, it actually proves to be more economically beneficial than renting due to lower monthly payments and of course the overall investment of owning your own home.”
Buyers become owners when they move into Coopers Mill, and once they settle in they quickly become part of the burgeoning community in the village. There is a real sense of pride and ownership in every home throughout the scheme. Potential buyers only need to take a look at the gardens and communal areas throughout the beautifully designed village to see how much residents enjoy being a part of Coopers Mill.
Sarah McAuley moved in with her husband Barry as recently as July this year – having admired the homes from afar. The newlyweds got the keys in June but choose not to move in until they got home from their honeymoon in July: “When Coopers Mill first became available in 2009 my husband and I instantly fell in love with the homes on offer, we even applied to win a 'free' house with Belfast Telegraph. You had to buy tokens and Barry and I bought papers for weeks, but to no avail. We then got engaged in August 2009 and planned to marry in July 2011. One Sunday we ventured up to look at the range of homes available at the time – and fell in love with it all over again.”
Sarah continues: “The showhouse was like a dream for us - so well finished and homely. The BTW Cairns representative was so nice and gave us every detail we needed, which really put the final seal of ‘we really want to live here’ in both our hearts. One week later we paid a deposit and started reviewing mortgages. We watched our house being built on a weekly basis - seeing what changes had been made. The excitement of picking our kitchen really allowed us to imagine our dream house. We were so impressed with the standard of finish when we got our keys in June. For a newly married couple who didn't have much, moving into a home with all the appliances included was such a God send!”
The key to the success of Coopers Mill lies in the high standard of finish and the full turnkey specification which comes as standard in all of the homes. This is combined with the quality of workmanship which the McGinnis Group prides itself on delivering with each home.
The high specification that buyers have come to expect with a McGinnis Group home come as standard. Personalised kitchen selections, contemporary sanitary ware, coordinated floor and wall coverings, a gas fire and a superb garden are just some of the items that form part of a McGinnis Group turnkey package.
The location of Coopers Mill offers young couples and families many recreational opportunities including Dundonald Ice Bowl, situated close by, incorporating an ice rink, ten-pin bowling, indoor children’s adventure playground and miniature golf. Also on hand are the David Lloyd Tennis Leisure Complex and the Dundonald Omniplex cinema whilst there is an abundance of golf courses nearby, including Knock, Scrabo, Shandon Park and Gilnahirk.
Situated in the East of the City, Coopers Mill is located just off the Belfast – Newtownards dual carriageway. The development is only 15 minutes from Belfast City Centre, five minutes from Newtownards, ten minutes from Comber and two minutes from Dundonald. It enjoys an enviable location convenient to the Ulster Hospital and Stormont with the George Best Belfast City Airport only 15 minutes away.
Links to schools are also excellent with many schools including Dundonald Primary School, Cabin Hill, Campbell College, Sullivan Upper, Our Lady and St. Patrick’s College, Knock and Regent House all easily accessible.
With over 30 years of experience in the local residential construction industry the McGinnis Group is one of the most respected local homebuilders in Northern Ireland. The company specialises in creating affordable, high quality housing aiming to offer homes to suit the most discerning of buyers.
The McGinnis Group offers a 10-year NHBC guarantee with all their new homes. If you are interested in viewing the showhome and finding out more about the ‘Start Point’, the showhouse is open every Sunday between 2 - 4pm or if you’d like to make a personal appointment to view and discuss your options in your own time, joint selling agents BTWCairns 028 9042 8989 or Reeds Rains 028 91814144 will be happy to help.
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