GLP Taylors sells home to first time buyers
GLP Taylors has sold Melbury House in Dawdon, County Durham, to first time buyers, signalling an increased willingness from banks to encourage new entrants to the sector.
Melbury House, which is part of Moorland Care Ltd, is registered for 24 clients, providing bedroom accommodation in 22 single and 1 twin room – with 15 rooms having en-suite facilities. The home occupies a detached converted property, located in the centre of a pleasant village community in the Durham countryside.
Funding was provided by the Newcastle-upon-Tyne branch of Lloyds. Julie Kitson of GLP Taylors said: ‘I am very pleased to have been able to assist both Moorland Care Limited and the purchasers with this transaction and it is encouraging to see that bank’s are still willing to fund first time buyers in this sector. I hope that 2010 will result in more transactions like this taking place.’