Avoid deposit woes with Taylor Wimpey

Home buyers will pay approximately £16,000 less on their deposit, according to Taylor Wimpey Southern Counties, when purchasing a two bedroom coach house at The Villas at Augusta Park in Andover through NewBuy, the Government-backed 95% mortgage scheme.

The stunning Edale coach house is one particular property which is attracting first time buyers and couples to Taylor Wimpey’s The Villas at Augusta Park development. This spacious design is priced at just £160,000 and thanks to NewBuy, credit worthy purchasers need only find a 5% deposit of £8,000 to buy. In comparison to the typical 15-20% deposit needed when buying on the open market, it represents an enormous reduction.

Fiona Creed, regional sales and marketing director for Taylor Wimpey, states: “House hunters in Andover are really benefitting from NewBuy, so this is great news for home buyers in the area.”

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.

The Edale comprises a large open plan living, dining and kitchen area, two sizeable double bedrooms and a well-equipped bathroom. The property is completed with a garage, which boasts a handy storage cupboard.
Fiona concludes: “The Edale is perfect for those starting out on the property ladder and the design has also attracted interest from newly single house hunters in Andover and downsizers.

“I’m sure it will come as a huge relief to several home buyers to see that they could pay around £16,000 less on their deposit when purchasing our sought-after Edale coach house with NewBuy.”

Alternative properties are available through NewBuy at The Villas including a variety of three and four bedroom house types. Prices start from as little as £202,000 for the three bedroom Flatford home.

The Villas is conveniently situated close to many of Andover’s excellent amenities. What’s more, there are primary schools within walking distance and secondary schools are just over a mile away. The area has fantastic transports links by train or by car, making Andover an ideal location for the everyday commuter.

For further information about the Edale coach house, NewBuy and the range of homes available, visit taylorwimpey.co.uk/thevillas.