NewBuy, the widely anticipated Government and housebuilder-backed scheme aimed at increasing availability of low deposit mortgages, is being offered by Taylor Wimpey on homes in Lancashire.
The initiative, available on new properties up to the value of £500,000, means that credit-worthy first time buyers may now need to save only a 5% deposit before they can get on the property ladder. Home movers with limited equity in their existing house will also benefit from the increase in availability of 95% loan to value mortgages.
Anthony Mansfield, regional sales and marketing director, said: “We welcome the NewBuy scheme as we believe it will go a long way in helping a wide range of buyers who have had to put their dreams of getting on or moving up the property ladder on hold due to the size of deposits required by mortgage lenders.
“We are offering the scheme on all our developments across the region including Blackburn, Leyland and Whalley, near Clitheroe where we have a range of properties from two bedroom apartments to five bedroom detached homes.
“With prices starting from £74,995, buyers would need a deposit of only £3,750 under the NewBuy scheme.” The NewBuy scheme is available through three mortgage lenders, all offering fixed rate deals.
For further information on the NewBuy initiative, visit www.taylorwimpey.co.uk/newbuy.
The wide selection of properties, quiet residential surroundings and close proximity to Blackburn town centre, makes The Orchard a highly appealing proposition for would-be housebuyers. There is a selection of one, two, three and four bedroom homes, with prices from £57,995 and FirstBuy available on selected new homes.
For more information about The Orchard call 0845 672 5274. Alternatively, you can call in to the sales office on Laburnum Road, Blackburn, BB1 5PY, open Thursdays to Mondays, between 11am and 5pm.
The Oaks is perfectly positioned in Leyland, within easy commuting distance of the M65, M61 and the M6, providing excellent access to most North West destinations. The Oaks has three and four bedroom homes with prices from £127,995 with the FirstBuy scheme.
For more information about The Oaks call 0845 672 4187. Alternatively, you can call in to the sales office on Wheelton Lane, off Golden Hill Lane, Preston, PR25 3UF, open Thursdays to Mondays, between 11am and 5pm.
Calderstones Green is a charming development offering families all the peace and tranquillity of a countryside home but with excellent motorway connections with the M65 nearby, making it ideal for commuters. The five bedroom detached Salesbury show home remains for sale at the development, priced at £409,995.
For further details visit the sales office on Pendle Drive, Whalley, Clitheroe, BB7 9JT, which is open by appointment only by ringing 0845 072 9717.