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Liverpool housing market expected to see boost

18th April 2013 Print
Watermill Gardens in Bromborough

Taylor Wimpey, one of the UK’s largest homebuilders with developments across the North West, has welcomed the Government’s new Help To Buy housing measures which aim to help over 75,000 buyers across the country purchase a new home.

Christine Aitken, regional sales and marketing director for Taylor Wimpey North West, said the new measures are good news for local buyers in the Liverpool area who could not otherwise afford to buy because of the large deposits required by mortgage lenders.

Christine comments: “We’ve seen some very positive signs that recovery in the housing market in the North West is now underway and the measures announced by the Chancellor will go a long way towards boosting confidence and encouraging further improvement. Initiatives such as these really do make all the difference to those who thought home ownership was well out of their reach. We are delighted that we will now be able to offer the Government backed Help to Buy scheme on our developments across the region which will help prospective buyers make the move into their dream new home.

“We’ve had fantastic success with Government schemes in the past such as NewBuy and FirstBuy; in fact in 2012 we supported 1,750 people across the UK to buy a new home using the initiatives. The Help To Buy scheme is sure to prove just as popular and will make a huge difference to both first and second time buyers who can afford the monthly repayments on a mortgage but not the hefty deposit.”

The proposed Help To Buy measures include an equity loan scheme which will be available on new build properties up to the value of £600,000. There is no salary cap for purchasers using the equity loan scheme, and it is available to both first time buyers and existing home owners alike. Eligible purchasers will receive a Government loan of 20%, which means that they only need to put down a 5% deposit and obtain a 75% loan-to-value mortgage.

The existing Government backed NewBuy scheme is still available on homes up to £500,000. With NewBuy, credit-worthy first time buyers only need to save a 5% deposit before they can get on the property ladder; whilst existing homeowners can also benefit from the increase in availability of 95% loan to value mortgages.

Christine added: “One of the many advantages of a new build property is that we can offer a variety of incentives and schemes suitable for all types of buyers. I’d urge anyone who wants to move but thinks they can’t afford the deposit or are having difficulty selling their existing home to visit one of our developments today. Our experienced sales executives will be able to talk you through the options and incentives available and you could be moving into your dream home before you know it.”

Taylor Wimpey currently has a number of developments in the Liverpool area, these include Speakman Gardens in Prescot, Cunningham Grange in St Helens, Watermill Gardens in Bromborough and Great Hall Park in Ellesmere Port, offering a wide range of homes and incentives designed to help purchasers make the move into a new home.

For more information on Taylor Wimpey homes across the North West, visit taylorwimpey.com/northwest.

To find out more about the new Help To Buy scheme and Taylor Wimpey’s extensive range of incentives, or to book an online appointment at your nearest development, visit taylorwimpey.com/northwest.

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Watermill Gardens in Bromborough