Get Help to Buy from Barratt at The Elms, Norton

North East homebuyers have been taking the opportunity to snap up a brand new home through the Government’s ‘Help to Buy’ equity loan scheme.

The scheme, which enables buyers to purchase a new-build property with just a five per cent deposit and a 75 per cent mortgage, has sparked a surge in demand across the region.

Barratt North East has sold more than 150 homes through Help to Buy and Sales Director Fenton Hewitt says the scheme is undoubtedly giving a real boost to the local housing market.

He said: “It is proving extremely popular, not only with first-time buyers but also with existing homeowners as well. It’s a terrific opportunity for them to buy a bigger home with a smaller mortgage.”

“The magic of the scheme is that buyers only need a 75 per cent mortgage. This means they can get a loan at a lower interest rate, which in turn means monthly payments are much cheaper.

“The Government will lend buyers the remaining 20 per cent, with no interest to pay on that for five years.”

The housebuilder has homes available through Help to Buy at The Elms in Norton, including the three-bedroom ‘Barwick’ family home from its latest County Range of designs.

This terraced home provides 817 sq ft of living space and has an open-plan living / dining room with French windows, kitchen with breakfast area and master bedroom with en suite.

It has energy-efficient heating and double glazing, and the exclusive Barratt five-year guarantee on fixtures and fittings. Prices start from £139,995, which means purchasers using Help to Buy would need a deposit of £7,000.

The Elms is in a quiet setting next to the golf course, yet within easy reach of amenities and well-located for commuting to Stockton, Middlesbrough and other centres.

There are three showhomes open daily from 10.00am to 5.00pm. For details, visit barratthomes.co.uk/theelms.