NewBuy available to existing home owners too

Are you a home owner in need of more space but struggling to make the move up the property ladder? Well house hunters who thought securing a new home was out of their reach can now realise their dreams with NewBuy, a new 95% mortgage scheme.

NewBuy, a Government and housebuilder-backed scheme aimed at increasing the availability of low deposit mortgages, is now being offered by Taylor Wimpey Southern Counties on homes at its The Villas development in Andover.

A common misconception is that the scheme is aimed exclusively at first-time buyers, however this is not the case; the initiative is available on brand new properties up to the value of £500,000, meaning home movers with limited equity in their existing house will also benefit from the increase in availability of 95% loan to value mortgages.

Sarah Pasco, regional sales and marketing director for Taylor Wimpey Southern Counties, explains: “It’s important for existing home owners to realise that NewBuy can offer a fantastic solution to their home buying problems. The scheme will help a wide range of buyers who have had to put their dreams of moving up the property ladder on hold due to the size of deposits required by mortgage lenders.

One such property available using NewBuy is the stunning four bedroom Thornford at The Villas, which is priced from £315,000 and is perfect for growing families.

Inside the Thornford you’ll find a spacious living room and separate dining room both with French doors leading to the rear garden. There’s also a well equipped kitchen, a study and a convenient cloakroom, all on the ground floor. Head upstairs and there’s the magnificent master bedroom with en-suite, three further bedrooms and a modern family bathroom.

Sarah adds: “So if you think you’re destined to be stuck in your current home forever then don’t despair! Why not visit The Villas to find out more about NewBuy!”

In addition to the Thornford house type, The Villas consists of a fine selection of two, three, four and six bedroom house types, with prices starting from as little as £172,000.

For more information about The Villas at Augusta Park, contact the marketing suite, open 10am to 5pm, Tuesday to Sunday and from 1pm to 5pm on Monday. Alternatively log on to taylorwimpey.co.uk.