NewBuy is available to existing home owners too
Are you a home owner looking to move to somewhere truly special but don’t think you can afford to? Well, house hunters who thought securing a new waterfront home in Worcester was out of their reach can now realise their dream with NewBuy*, a new 5% deposit scheme.
NewBuy, a Government and house builder-backed initiative aimed at increasing the availability of low deposit mortgages, is now being offered by Taylor Wimpey Midlands on the stunning selection of apartments at its Diglis Water development situated at the picturesque Diglis Basin.
A common misconception is that the scheme is aimed exclusively at first-time buyers. However this is not the case, as the initiative is available on brand new properties up to the value of £500,000. This means home movers with limited equity in their existing house will also benefit from the increase in availability of 95% loan to value mortgages.
Anne Wallace, regional sales and marketing director for Taylor Wimpey Midlands, explains: “It’s important for existing home owners to realise that NewBuy can offer a fantastic solution to their home buying problems as just a 5% deposit is required.
“So if you think you’re destined to be stuck in your current home forever then don’t despair. Why not visit Diglis Water to find out more about NewBuy!”
Diglis Water currently hosts a fine selection of one and two bedroom apartments, three bedroom penthouses and three bedroom townhouses. With prices starting from £129,995, purchasers just need to raise a deposit of £6,500 to buy at this beautiful waterside location.
In addition, the 80% shared equity scheme, FirstBuy*, is available to first time buyers, meaning they can buy a brand new home at Diglis Water for as little as £103,996.
Diglis Water, which has won an NHBC Quality Award and a Seal of Excellence Award, is situated where the Birmingham and Worcester canal meets the River Severn and has breathed new life into Worcester’s riverside.
Visit digliswater.co.uk for more information.
*terms and conditions apply