Crest Nicholson Regeneration will be hosting a special open weekend aimed directly at those people looking to take their first steps onto the property ladder at its Park Central residential development in Birmingham city centre.

Taking place this weekend, Saturday 16 and Sunday 17 March, between 10am and 5pm, the free first time buyer event is open to everyone interested in finding out how Crest Nicholson and the government can help them buy their first home.

As an added incentive, anyone wishing to purchase an apartment in the brand new Central Plaza phase at Park Central will be able to secure a property with a reservation fee of just £99 (compared to the usual price of £1,000). Flooring, removals, legal fees and stamp duty will also be included within the purchase – not to mention that each apartment is fitted with designer kitchens and bathrooms and has been built with eco-aware technology.

To ensure first time buyers have the chance to get all the information they need about making their first steps onto the property ladder, an independent financial advisor (IFA) and the Crest Nicholson sales team will be on hand this weekend to answer any questions that want-to-be purchasers may have.

Ruth Williams, sales manager at Park Central said: “First time buyers naturally have many questions when purchasing their first home and it is important that the answers they need are readily available to them. Having our IFA on site this weekend will mean that potential purchasers can ask questions in confidence and get the information they require. Most commonly, questions are asked about raising deposits and securing the best mortgage rates. First time buyers are currently in a very good position thanks to a number of schemes that the government has put in place, all of which are aimed at helping people get onto the property ladder. This weekend will help househunters explore all their options.”

More than 80 per cent of homes at Park Central have been purchased by first time buyers, many of whom have taken advantage of Crest Nicholson’s equity loan scheme EasyBuy or the government’s FirstBuy initiative (both of which reduce both the initial cost of the property and require a deposit of just five per cent), or the government’s five per cent deposit scheme, NewBuy. Purchasers can also take advantage of the government’s Funding for Lending scheme, which helps first time buyers secure better mortgage rates.

Ruth said: “Central Plaza offers a fantastic range of one and two bedroom apartments and is within walking distance of everything that Birmingham city centre has to offer. Park Central has always been popular with first time buyers and sales interest would suggest that this trend will continue with Central Plaza.”

Central Plaza was officially launched to the public last month and construction is now well underway on the two iconic buildings which are located at the heart of the development, with the first homes due to be delivered in the autumn. When complete, the new phase will comprise 132 apartments, the majority of which will benefit from allocated parking and stunning views across the city centre and the eight acres of parkland that is an integral feature of Park Central. Prices for a one bedroom apartment at Central Plaza start from £117,000.

For more information about Central Plaza, visit the sales office which is open daily from 10am to 5pm and is located at 61 Mason Way, Birmingham B15 2GE. Alternatively, call 0121 666 4666 or visit www.parkcentral.co.uk