Opportunities for first time buyers at Headway

First time buyers looking to get a foot on the property ladder can now secure a new house of their own with just a 5% deposit by combining a helping hand from Taylor Wimpey with a new mortgage offer announced by Santander (formerly Abbey).

Available only to first time buyers buying a new home at Taylor Wimpey’s Hartlepool development, Headway, the newly increased maximum loan size from Santander means that househunters can now apply for a 90% mortgage for the first time in two years. With Taylor Wimpey also offering to contribute 5% of the property’s value on selected homes along with stamp duty and legal fees, this means that purchasers are only required to put down a 5% deposit of their own.

Joan Peart, regional sales and marketing director, comments:”It’s been particularly hard for first time buyers of late to find an affordable mortgage and save up the the required deposit. Combining the new mortgage deal from Santander with the incentives currently on offer at our Headway development will slice thousands of pounds off the savings pot that first time buyers need to get a loan.”

For a new three bedroom Clipper home at Headway costing £119,950, a first time buyer taking advantage of the combined package will now only need to contribute a deposit of £5997.50 rather than £23,990.

Joan continued: “Homes at Headway are well-priced for the area, starting at just £99,995 for a two bedroom Nelson mews home. We only have one of each housetype currently available at the development so I urge homeseekers to register their interest as soon as possible.

Headway is located on Raby Road and offers easy access to the A689, A179 and A19, local rail links connecting to major UK routes, and to Durham Tees Valley and Newcastle International airports.

Just a short walk away from the development is Hartlepool town centre. As well as offering useful amenities such as shops, schools and doctors surgeries, it also has a host of entertainments venues, including restaurants, pubs and bars, a cinema and a bowling alley. Ward Jackson Park is also nearby.

For further information about the homes and incentives on offer at Headway, visit the development on Raby Road which is open Thursday to Monday 10.00 to 5.00pm midweek and until 5.30pm at weekends. Alternatively, log onto taylorwimpey.co.uk. For further information on Santander mortgages, visit santander.co.uk.