Help to Buy gives stay-at-home kids the chance to finally fly the nest
Parents whose grown-up offspring seem reluctant to fly the nest can help their children secure a new home of their very own at any of Taylor Wimpey’s developments across the Midlands.
The Government’s Help to Buy shared equity scheme offers first-time buyers an unmissable opportunity to snap up a brand new Taylor Wimpey property for just 80% of its full price.
This sensational scheme means the customer only requires a 75% loan-to-value mortgage, which allows them to access a much wider choice of deals from lenders offering more competitive rates – and parents could potentially get rid of the kids by providing a deposit at low as 5%!
Anne Wallace, Regional Sales and Marketing Director for Taylor Wimpey, says: “Low deposit mortgages have been difficult to come by over the past few years and this has put off many aspiring buyers from making the move into home ownership.
“It’s no surprise, then, that increasing numbers of young people are choosing to enjoy the home comforts at Mum and Dad’s house for longer – which may work out well for them, but isn’t necessarily as much fun for their parents!
“Thankfully, Help to Buy puts that first home within reach of many first-time buyers who may have felt that they could not afford to fly the family nest.”
Help to Buy involves a Government loan of up to 20% and is available on new-build properties up to the value of £600,000. There is no salary cap for purchasers using the scheme.
Further information on Taylor Wimpey developments across the region is available by visiting taylorwimpey.co.uk/midlands.