Apartments at a brand new development in Liverpool, which launches on February 23rd, are available to buy with just a 5% deposit.

With the help of the Government backed NewBuy scheme, 95% mortgages are available at the Elm Park development in L6, which are primarily aimed at helping first time buyers to get on the property ladder.

Emily Howarth of Sutton Kersh, the sole selling agent, said: ’This scheme is great news for first time buyers who have struggled in recent years to buy their own home due to the large deposits required, which can be as high as 20%.

‘Existing home owners and investors who may be attracted to Elm Park as an investment opportunity are also eligible for the scheme.’

Elm Park comprises just 13, two and three bedroom apartments, with prices starting from £99,950 and £120,000 respectively.

Each unit is equipped with a fully fitted kitchen with a range of integrated appliances, floor coverings and a stylish bathroom. Car parking is also provided with every apartment.

The development is located close to the historic Newsham Park in the leafy area of Elm Park and provides easy access to the city centre.

The scheme is officially launched on the weekend of February 23rd and 24th when a fully furnished show apartment will be available to view, between 12noon and 4.00pm.

Potential buyers are advised that a £500 deposit will be required when a reservation is made.

Viewings after the launch weekend can be arranged by calling Sutton Kersh on 0151 236 2332.