The Budget contained details of a new mortgage guarantee scheme. Picture: Purplebricks.

9 properties on the market perfect for first time buyers using Budget's new mortgage guarantee scheme in and around Sheffield

Last week’s Spring Budget brought measures designed to boost the housing market – including an initiative aimed at helping buyers get on the property ladder.

Monday, 8th March 2021, 12:30 pm

As well as extending the Stamp Duty holiday the Chancellor, Rishi Sunak, announced details of a new mortgage guarantee scheme that will involve offering government-backed 95 per cent mortgages from April onwards.

Speaking in the House of Commons, he said it was ‘a policy that gives people who can’t afford a big deposit the chance to buy their own home’, adding: “As the Prime Minister has said, we want to turn generation rent into generation buy.”

Philip Price, territory operator for Sheffield at estate agent Purplebricks, said the scheme was ‘fantastic news for first time buyers, especially those with smaller deposits who need a helping hand onto the market’.

"We have some great properties for first time buyers, which are within their budget and in popular locations,” said Philip. “Many university students stay and settle in Sheffield after their degree so places like Rotherham, Worksop, Barnsley and Chesterfield are particularly popular with first time buyers as the properties are affordable and have excellent transport links.”

Here are nine of Purplebricks’ best properties for first time buyers in and around Sheffield that are on the market right now.

To see new homes on the market join our Facebook group all about property – click here to become a member. And to read more great articles on homes and gardens, please visit our dedicated section of The Star’s website here.

In these confusing and worrying times, local journalism is more vital than ever. Thanks to everyone who helps us ask the questions that matter by taking out a digital subscription or buying a paper. We stand together. Nancy Fielder, editor.

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