Taylor Wimpey highlights it pays to move with NewBuy in Blackley

Home buyers are paying £18,200 less on their deposit when purchasing a property with an average price of £182,000 through NewBuy, the Government-backed 95% mortgage scheme, according to Taylor Wimpey North West.

Lynne Vogel, regional sales manager for Taylor Wimpey North West explains: “House hunters in Blackley are really benefitting from NewBuy, so this is great news for home buyers in the area. In comparison to the standard 15-20% deposit needed when buying on the open market, this represents an enormous reduction for first time buyers and home movers buying through NewBuy.”

NewBuy is accessible to all credit-worthy first time buyers and home movers across England, and is available on new build properties up to the value of £500,000. Through the Government-backed scheme purchasers can access 95% mortgages and only need pay a minimum deposit of 5% of the value of the property.

Lynne adds: “NewBuy is proving to be an excellent purchasing tool for our customers with limited finances. It’s heartening to see when looking at the hard facts that home buyers could pay around £18,200 less on their deposit when purchasing with NewBuy. I’m sure the scheme is a huge relief to first time buyers who are daunted by the thought of saving for a large deposit, and likewise those looking to move up the property ladder but have limited equity in their existing house.”

Lynne concludes: “Those interested in NewBuy will be glad to hear that we are offering the scheme on developments across the region including Millers Brow in Blackley.”

For further information about the properties, visit taylorwimpey.co.uk.

Since its launch in March this year, the NewBuy scheme has enabled over 1,300 home buyers in England to afford a new home thanks to the reduced deposit required and access to a wide range of 95% mortgage products available. For further information on NewBuy and the homes available, visit taylorwimpey.co.uk/newbuy.