Low deposits at High Farm

Taylor Wimpey North Yorkshire is urging home-buyers in Middlesbrough to take advantage of needing only a five per cent deposit when looking to secure a larger home through Help to Buy.

The house-builders High Farm development in Middlesbrough has witnessed an influx of buyers utilising the scheme to take their first-step on the property ladder; and Debbie Whittingham, regional sales and marketing director for Taylor Wimpey explains why others should also consider the initiative.

She said: “The great thing about the Help to Buy scheme is that the five per cent deposit isn’t exclusively available to first-time buyers. Existing home-owners can make use of the incentive on properties up to the value of £600k, making upsizing easier than ever before.

“We have some stunning four bed detached homes at High Farm, which start from as little as £179,950, meaning a deposit of under £9000 can secure a large family home.”

The government-backed Help to Buy scheme enables eligible purchasers to benefit from a 20 per cent equity loan, as well as the five per cent deposit, meaning buyers need only secure a 75 per cent loan-to-value mortgage.

Debbie concludes: “Raising the deposit for a larger property can often delay making a move and this is why we are keen to highlight the options for existing home-owners.

“Our sales team at High Farm are on-hand to discuss the Help to Buy scheme, along with our other financial incentives for anyone who would like to find out more.

For further information about the homes at High Farm, visit the Sales Information Centre open Thursday to Monday 10.00am – 5.30pm. Alternatively log onto taylorwimpey.co.uk.