The Government’s Help to Buy scheme has given considerable confidence to Yorkshire buyers, according to one of the region’s leading home builders.
The popular incentive allows eligible purchasers the option of securing any new home worth up to the value of £600k with just a five per cent deposit, meaning both first-time buyers and existing home-owners seekiong their second home can not only buy sooner, but buy bigger as they move up the property ladder.
Anne Bagshaw, regional sales and marketing director at Taylor Wimpey in Yorkshire said: “There has definitely been a marked shift in attitude from buyers at all ends of the property ladder since the introduction of Help to Buy.
“This has been particularly evident when introducing new developments in the region; as aspiring home-owners are swiftly snapping up our designs and buying off-plan.
“That low deposit makes all difference as it means less time saving and allows buyers to consider purchasing that bigger forever home.”
As well as the chance to secure homes with just five per cent deposit, buyers also benefit from a 20 per cent Government equity loan with Help to Buy, meaning they only require a 75 per cent loan-to-value mortgage.
Anne concluded: “We have some fantastic developments across Yorkshire, and Help to Buy is available across the board. I’d urge anybody who is keen to get moving to get in touch or visit our sales centres on-site where our team is always happy to help.”
Taylor Wimpey builds around 11,000 houses a year across the country and in 2013 38 per cent of its homes were sold to first time buyers.It is currently building on 12 sites in Yorkshire.
For further information about Help to Buy and Taylor Wimpey’s developments visit Taylor Wimpey