HomeBuy Direct proves a hit in Penistone

A new government funded scheme designed to help homebuyers on the property ladder is proving to be a hit at Emerald Green, George Wimpey’s development of new homes in Penistone.

The scheme, called HomeBuy Direct, provides buyers with an interest free equity loan for the first five years, for up to 30 per cent of the value of a property. The interest free equity loan is co-funded by the Homes and Communities Agency and George Wimpey and is available to potential purchasers who have an annual household income of less than £60,000, subject to eligibility and affordability checks*.

Since it was introduced at Emerald Green, George Wimpey says interest in the development from potential buyers has rocketed.

Regional sales and marketing manager Anne Bagshaw said: “The scheme is designed to help overcome the hurdles of high mortgage costs and larger deposits, which we know are preventing some people from buying. HomeBuy Direct offers a great way for purchasers to afford their dream home and is ideal for many first time buyers.”

There are only three of the four bedroom, three storey Stanton townhouses remaining to buy through the scheme at Emerald Green. The standard price for a Stanton is £174,995 but with HomeBuy Direct it is available from as little as £122,497.

Anne commented: “As soon as we release any homes on the HomeBuy Direct scheme at Emerald Green they get snapped up very quickly so I urge any interested home seekers to register their interest soon to avoid disappointment. The Stanton is a fantastic sized property and would be ideal for any growing family looking for their dream home.”

For those who are not eligible for HomeBuy Direct at Emerald Green, there is also one remaining two bedroom Matlock apartment with en-suite master bedroom and allocated parking available at a price of just £99,995. The Matlock also has the added advantage of being carpeted throughout and comes compete with all kitchen appliances, perfect for a first time buyer who wants their first home for under £100,000.

For larger families who need that extra space there is the five bedroom, three storey detached Monyash home for £269,995.

There are also three show homes available for visitors to view – the five bedroom Monyash, the three bedroom, three storey Stanton townhouse and the three bedroom Ingleton 09 townhouse.

Situated in the quiet market town of Penistone, Emerald Green enjoys the best of both worlds with the beautiful Peak District countryside on the doorstep and the region's major commuter links within easy reach. Sheffield, Huddersfield and Manchester are all within an hour's drive.

For further details visit the sales office on Green Road in Penistone, which is open Thursdays to Mondays between 11am and 5pm, or visit: georgewimpey.co.uk

*Eligibility and affordability checks will be carried out by the relevant HomeBuy Agent