New homes in St Ives available with 95% mortgage
Taylor Wimpey’s Take5 deal with the Cambridge Building Society lets first-time buyers secure selected homes with just a 5% deposit at Slepe Meadow, the leading housebuilder’s popular development of property for sale in St Ives, Cambridgeshire.
First-time buyers in Cambridgeshire can take advantage of an exclusive scheme that paves the way for them to secure a 95% mortgage on selected brand new Taylor Wimpey houses for sale in St Ives.
Taylor Wimpey’s Take5 deal, with The Cambridge Building Society, is being offered on a choice of beautiful new properties in St Ives at the leading housebuilder’s Slepe Meadow development.
It means that buyers could now secure selected three-bedroom houses to buy in St Ives with a deposit from just £9,997 compared with the UK average of £28,770*.
The new mortgages on selected St Ives properties are available for two, three and five-year fixed terms and have interest rates of between 5.99% and 6.89%.
Deputy Prime Minister Nick Clegg has stated that first-time buyers had been "frozen out" of the market by the lack of mortgages. The Council of Mortgage Lenders estimates that the average age of a first time buyer not receiving financial help from family is 36. This is largely due to the size of deposit now required by lenders which has trebled in the last 10 years.
Tony Woodman, Regional Sales and Marketing Director for Taylor Wimpey, says: “It’s been particularly hard for first-time buyers to find affordable mortgages, and saving up the required deposit for most products on the market can seem completely out of reach.
“However, our new 95% mortgage slices thousands of pounds off the initial sum buyers need to save to secure their first home, and those with a deposit of just £9,997 should get in touch as soon as possible and take advantage of this outstanding opportunity to step onto the property ladder today.”
Mark Smitheringale, Head of Sales and Marketing at The Cambridge Building Society says: “The lack of support for first time buyers has been in the media spotlight for some time and is an issue which The Cambridge Building Society is taking a closer look at. As a first step, we are hoping to help first time buyers in and around St Ives to get on the property ladder with the Taylor Wimpey Take5 deal.”
A range of brand new starter homes are available at Taylor Wimpey’s current developments across the region. By contacting the Sales Executive at the development, potential first-time buyers can find out more about the 95% mortgage scheme as well as full terms and conditions of the offer.
For more information, visit: taylorwimpey.co.uk
* Halifax First Time Buyer Review (December 2010).
