Taylor Wimpey offers help to get you moving
Are you a house hunter struggling to make the move onto or up the property ladder? Well help is at hand as Taylor Wimpey Southern Counties is offering a host of incentives at its Compass Point development in Southampton, meaning house buyers can turn their dreams of a new home into a reality in 2013.
The leading house builder is now offering the widely acclaimed NewBuy scheme at the development in Maybush, while house hunters struggling to sell their current property can also take advantage of Taylor Wimpey’s Part Exchange scheme.
What’s more, the four bedroom Easton house type is available using Taylor Wimpey’s shared equity scheme, FirstBuy. The Easton is priced at £240,000 but with the FirstBuy scheme is now available with a deposit of only £12,000 and a mortgage of £180,000.
Fiona Creed, regional sales and marketing director for Taylor Wimpey Southern Counties, said: “It can take years to save for a deposit, but as first time buyers only need a 5% deposit using FirstBuy or NewBuy, these schemes are making it much easier and more affordable for them to turn their dreams of home ownership into a reality.”
FirstBuy works through a joint loan of 20% from the Homes and Communities Agency (HCA) and Taylor Wimpey, which means that you only need put down a 5% deposit and obtain a 75% loan-to-value mortgage. The loan is repayable at the end of the mortgage term or when the property is sold. To be eligible, you must be first time buyers earning a household income of less than £60,000.
NewBuy is available on brand new properties up to the value of £500,000, meaning credit-worthy first time buyers and home movers with limited equity in their existing house only need pay a minimum deposit of 5% of the value of the property and can benefit from the increase in availability of 95% loan to value mortgages.
Fiona continues: “First time buyers aren’t the only people we aim to assist with their new home purchase – some house hunters are struggling to sell their current property, which is where part exchange comes in. It provides a fantastic solution to your home sale problems as we act as the cash buyer, saving you the time and hassle of finding one, which in turn leaves you free to move into your new home as soon as it’s ready.”
Under the Part Exchange scheme, Taylor Wimpey buys your current home at an agreed price, saving you the stress and expense of finding the right buyer. With no need to instruct estate agents, you’ll also be saving money on fees, leaving you with spare cash to spend on the more exciting things like furnishing your new home. Plus, with no chain to maintain, your move can be arranged so you’re in the property in next to no time.
There is currently a range of two, three and four bedroom homes available at Compass Point, with prices starting from £137,000 for a two bedroom apartment, which is ideal for first time buyers.
For further information, visit taylorwimpey.co.uk/compasspoint.
