Couple secure Kings Lynn property with 95% mortgage
NewBuy is helping Norfolk property-seekers like Rebecca Calvert and Paul Mackenzie secure new houses in Kings Lynn with just a 5% deposit at Taylor Wimpey’s popular Kings Reach development.
Since its launch in March 2012, the Government-backed NewBuy scheme has been helping homebuyers across the country to secure their perfect property with 95% mortgages – but few have been quicker to take advantage of this great offer than Rebecca Calvert and Paul Mackenzie, who have just bought their first property in Kings Lynn.
The couple, who are from the Norfolk town, were living with their respective parents while they struggled to save a deposit for their first home, but that all changed when they found out about NewBuy at Kings Reach, Taylor Wimpey’s development of houses for sale in Kings Lynn.
Now Rebecca (27) and Paul (34) are enjoying life in their brand new Kings Lynn property after becoming the first people in the UK to complete a NewBuy property purchase with the Halifax.
“We had heard that NewBuy offered an easier way to purchase new homes in Kings Lynn, but we didn’t know much about it,” says Rebecca (27), a supermarket employee. “So we visited Kings Reach, and the Sales Executive told us everything we needed to know about the initiative available with the new homes for sale in Kings Lynn – it sounded like just what we needed.
“We were put in touch with Taylor Wimpey’s approved independent financial advisor who assessed our situation, explained the different mortgages we could access and helped us secure the deal that suited us best.
“The scheme was ideal for our requirements as it allowed us to get on the property ladder sooner than we thought possible. And because there’s no additional loan to pay back we only have to cover the mortgage costs.”
NewBuy offers credit-worthy property-seekers like Rebecca and Paul the chance to purchase a new home with a 95% mortgage and a 5% deposit. The initiative is available to first-time buyers and those with a property to sell on properties below £500,000 at Taylor Wimpey developments across the country.
At Kings Reach, there’s a choice of stylish two and three-bedroom homes available from just £109,995, and under NewBuy they can be secured with deposits of as low as £5,500.
Rebecca and Paul chose a beautiful two-bedroom apartment at the development, and their swift action allowed them to move into their new property just three months after NewBuy’s launch.
“Our first home is a lovely two-bedroom apartment,” Rebecca says. “We’re currently busy unpacking and furnishing our new place and its great having our own space. Kings Reach has a friendly feel about it – we’ve got plenty of neighbours, which helps create a sense of community.”
All homes at Kings Reach are completed to a high standard specification, including energy efficient central heating, double glazing and a fitted kitchen with integrated oven, hob and hood.
Situated on the outskirts of King’s Lynn and close to a stunning Fenland landscape, the development offers homebuyers a tranquil location that is only minutes from a choice of shops, pubs, leisure facilities and places to eat.
For commuters, the A10 and A47 are both within a few minutes’ drive, while the cities of Peterborough and Norwich, as well as the beautiful north Norfolk coast, can all be easily reached by road.
Visit taylorwimpey.co.uk for more information.