Taylor Wimpey South East busts mortgage myths

Taylor Wimpey is urging would-be first-time buyers to visit one of its high-quality developments of new homes for sale in Sussex or property for sale in Kent – and find out how purchasing their first home could be much easier than they thought.

First-time buyers who believe the South East property ladder is out of their reach will think again if they visit one of Taylor Wimpey’s stunning developments of houses for sale in Sussex or new homes in Kent.

New research reveals that many would-be buyers are deterred from looking for new property for sale in Sussex or houses for sale in Kent because they assume they won’t qualify for a mortgage – but the leading housebuilder is aiming to set the record straight.

First-time buyers visiting Taylor Wimpey South East developments can benefit from the advice of experienced sales executives to dispel any misconceptions they might have about mortgage lending and find out how it could be much easier than they think to afford their very own home.

A range of money-saving incentives is offered by Taylor Wimpey including the Government-backed FirstBuy scheme, which means selected new build homes in Kent and Sussex can be accessed by eligible purchasers for 80% of the full price, including a 75% mortgage and a 5% deposit, subject to status.

Jason Stokes, Regional Sales and Marketing Director for Taylor Wimpey, says: “Latest research shows that 92% of people think it is hard for first-time buyers to secure a mortgage, and that two out of three prospective property purchasers are completely put off from applying because they fear they will be turned down.

“But the truth is that 90% of first-time buyers are successful with their mortgage application through Taylor Wimpey.

“By visiting one of our developments across the South East, would-be buyers will not only find a new property could be comfortably within their reach, but they’ll be pleasantly surprised at how straightforward and stress-free the whole process can be when purchasing a Taylor Wimpey home – and they may only need a 5% deposit.”

FirstBuy works through a joint loan of 20% from the Homes and Communities Agency (HCA) and Taylor Wimpey. The loan is repayable at the end of the 25-year mortgage term or when the property is sold. To be eligible, purchasers’ total household earnings should be less than £60,000.

Alternatively, the Gifted Deposit scheme is also available on selected Taylor Wimpey homes in the South East region, through which the housebuilder contributes 5% towards the deposit with nothing to pay back!

All Taylor Wimpey incentives can be tailored to suit customers’ individual circumstances, and are subject to availability on selected plots only.

For full details, visit taylorwimpey.co.uk.