Extra help for house-hunters

Help is at hand for buyers struggling to raise a deposit, with a new 105% part exchange offer from McDermott Homes. House hunters are finding it increasingly difficult to secure high percentage mortgages as lenders hold off on deals, meaning many are forced to come up with a 5%, or even 10% deposit.

McDermott Homes, a leading North West property developer has now launched a new offer, giving home owners 5% more than the market value of their home.

The extra cash injection may allow some home owners to secure funds to either pay a deposit in full, or at least a large part of it.

By taking advantage of the deal, buyers don’t have to go through all the worry of whether they will sell their home and how much for. It speeds up the whole process and also avoids paying estate agents’ fees.

“We understand that many people are concerned about selling their homes and whether they are able to get their asking price. This offer really takes the stress out of it all and not only means people sell their property, but they get more than it’s worth,” says Kevin Murthwaite, Sales and Marketing Director at McDermott Homes.

“It’s all about making the process as quick as possible and pain free. Another added benefit is that people don’t have to prepare Home Information Packs, something we know is proving very unpopular.”

To take up the offer from McDermott Homes, buyers simply need to make a visit to their chosen development and speak to a sales negotiator. A McDermott Homes representative will then visit the buyer’s current property and arrange for two independent valuations.

Buyers will be offered 5% more than the average of the two valuations and when the offer is agreed, they will be able to reserve their chosen home.

McDermott Homes currently has six developments in the North West in Bacup, Keighley, Earby, Bolton, Blackburn and Rossendale.

The developer is also currently offering a number of other excellent deals for buyers, including a ‘Sale Or Return’ offer on selected properties, where people can rent before they decide to purchase, as well as massive discounts and free carpets on selected plots.

More information is available by visiting Mcdermotthomes.co.uk.