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Encouraging news for Yorkshire property market

29th August 2013 Print
First time buyers

First time buyers are apparently key to the buoyancy of the property market and with one housebuilder in the region reporting over one third of its annual buyers being first time purchasers, there is much hope that the property market in Yorkshire is recovering.

Miller Homes, who has fifteen developments across the region, reported that in the last twelve months a third of its purchasers were buying for the first time.

"These figures make interesting reading and certainly suggest that in the region buyer confidence is gathering momentum," said Steve McElroy sales director Miller Homes Yorkshire. "This may be attributed in some way to the introduction of the Government initiative Help to Buy which helps buyers who only have a small deposit of around 5%."

The scheme works by Government offering a 20% equity loan for those who meet the qualifying criteria. This means that buyers only need to secure up to a 75% mortgage from a bank or building society.

Buying a home for the first time can be a daunting experience but Miller Homes' sales team are experts at guiding you through every step of the process allowing you to access the benefits of buying new such as low maintenance requirements and the superb selection of starter homes on offer.

"Buyers’ needs are at the heart of our sales strategy and we remain committed to providing help to buyers in all situations," said Steve. "We recognise that whilst first time buyers are pivotal to kick starting the property market there is also a need for buyers who are perhaps upgrading or downsizing their homes to have a range of options open to them too."

Miller Homes also has a variety of purchase incentives open to other buyers including Home Exchange which allow those wishing to upgrade or downsize their home by exchanging their old home for a brand new Miller one.

Miller Homes currently has fifteen development located across the region from city centre locations to rural village settings. Properties that are currently available include two bedroom apartments priced from £66,995 to five bedroom luxury homes priced from £215,000.

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First time buyers