Attractive incentives for first time buyers

With falling prices and attractive incentives, buyers can now secure a two bedroom house for as little as £59,995 with no deposit at Gladedale sites across North East England.

Incentives from this housebuilder allow homebuyers to fully own their property while paying only 75 per cent of the purchase price as Gladedale provides an interest free loan for up to 10 years to cover the difference*.

For example, first time buyer David Gowling secured a spacious one bedroom apartment for £96,995 at Acklam Park in Green Lane, Middlesbrough. The incentive did not only allow David to get on the property ladder but also allowed him to get more for his money, as he only needed to qualify for a mortgage on 75 per cent of the price of the property.

David Gowling, says: “I am very pleased to have been able to buy my first property and Gladeldale has helped me to secure a mortgage with a fantastic interest rate. This really keeps my monthly payments low and it’s even cheaper than renting a similar property in this area.”

Homebuyers don’t need a deposit as they can borrow 100 per cent of the remaining 75 per cent payable on the property, which also helps them to secure a mortgage with sound interest rates.

Richard Jones, Sales Director of Gladedale in North East England, said: “The property market has seen price cuts across the region, combined with attractive incentive schemes. Homebuyers should really take advantage while it lasts.”

With prices starting from £52,496 using the Gladedale no deposit scheme, homes across the region represents excellent value for money and offers a striking selection of homes.

For information on shared equity and all developments in the area, please email sales.newcastle@gladedale.com, or visit gladedale.com.

*Homeowners can repay 25% of the market value at any stage within ten years.