New homes in Borehamwood available with 5% deposits
The NewBuy scheme lets property purchasers secure selected Taylor Wimpey homes with 95% mortgages at the leading housebuilder’s Oaktrees development of new homes for sale in Borehamwood.
Hertfordshire property-seekers are being offered a fabulous opportunity to take advantage of a new Government scheme which will make it easier to purchase a new home at Oaktrees, Taylor Wimpey’s sought-after development of houses and apartments for sale in Borehamwood.
The NewBuy initiative will help both first-time buyers and those looking to move home by enabling house-hunters to access 95% mortgages on properties up to the value of £500,000 at the Taylor Wimpey Borehamwood development.
The scheme is set to make it easier for credit-worthy purchasers searching for flats or houses for sale in Borehamwood to secure affordable mortgages with only a 5% deposit at Oaktrees – that’s as little as £8,523!
The initiative is likely to go down well with buyers, many of whom see the size of deposit as the main barrier to purchasing a property for sale in Borehamwood. A recent survey by Taylor Wimpey revealed that 54% of first-time buyers had abandoned plans to buy a house in the last 18 months because they couldn’t afford to save the large deposit required by mortgage lenders. 57% of those surveyed also said they thought the Government should be doing more to help first-time buyers.
Tony Woodman, Regional Sales and Marketing Director for Taylor Wimpey, says: “Time and time again our buyers tell us that it is mortgage availability, not mortgage affordability, which is preventing them from buying.
“This scheme will help both those looking to get on the Borehamwood property ladder and those who want to move but have limited equity in their existing home, so it’s good news for the market as a whole.”
There’s a fantastic selection of properties to buy in Borehamwood at Oaktrees which will be eligible for NewBuy, including stylish one and two-bedroom apartments priced from just £170,450 and £192,500 respectively, and impressive four-bedroom townhouses from just £385,000.
Oaktrees occupies the former Oaklands College site close to Borehamwood town centre and just a stone’s throw from Elstree Studios.
The development is a commuter’s dream, with Elstree and Borehamwood railway station within easy walking distance, offering regular services to London St Pancras in less than 25 minutes. Located just within the M25, Borehamwood has excellent access to the M1, A1 and A41 into Central London.
Oaktrees is situated a short distance from a Tesco supermarket and Borehamwood Shopping Park, which includes Marks & Spencer Simply Food, Next and Boots. Meanwhile, Brent Cross is just nine miles away, with 120 shops to choose from including John Lewis and Fenwick department stores.
Parents will appreciate that there are many schools within close proximity of the development, providing education for children of all ages.
To be one of the first to find out more information on NewBuy at Oaktrees, property seekers can register their interest at taylorwimpey.co.uk.
