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THOUSANDS USE HELP TO BUY IN NOTTINGHAMSHIRE TO BUY NEW HOMES

A government initiative is helping thousands of families in Nottinghamshire to get on to the housing ladder. New figures released by the Homes and Communities Agency (HCA) reveal that a total of 2,915 homebuyers in Nottinghamshire used the Help to Buy scheme since it was launched four years ago.

Within the county the districts that made the best use of the scheme were Ashfield (774), Newark and Sherwood (450), and Nottingham (418). Of the total amount of homebuyers that benefited from the scheme, 2,239 were first time buyers.

Local housebuilders Barratt Homes North Midlands and David Wilson Homes East Midlands is encouraging homebuyers throughout Nottinghamshire to take part in the popular scheme that has already helped tens of thousands of people across the country to buy a brand new home. Moreover, last year’s Budget announcement that first time buyers are now exempt from Stamp Duty (on properties up to £300,000) means that there is another compelling reason to get on the property ladder now.

The Help to Buy scheme enables anyone, both first time buyers and existing owners, to put down just five per cent as a deposit for their new home and to take advantage of a government equity loan providing access to more affordable mortgage rates.

Jan Ruston, Sales Director for Barratt Homes North Midlands, said:

“We are pleased to see that Nottinghamshire homebuyers are taking advantage of the highly popular Help to Buy scheme.”

Jason Hearn, Sales Director for David Wilson East Midlands added,

“Help to Buy has proved so helpful to so many homebuyers and we would encourage anyone looking to buy a home with lower upfront costs to get in touch.”

Help to Buy allows any homebuyer to secure a brand new home under the value of £600,000 with just a five per cent deposit. The government lends the buyer 20 per cent of the value of the property in the form of an interest free equity loan for five years, meaning that buyers then gain access to some of the great mortgage rates currently available with just a 75 per cent mortgage. Available to all homebuyers, not just first timers, the scheme helps anyone looking for a boost up the property ladder.

You can find more information on Help to Buy on both the Barratt Homes and David Wilson Homes websites - http://www.barratthomes.co.uk/Offers/Help-to-Buy/ and http://www.dwh.co.uk/Offers/HTB-Calculator/ together with a handy calculator which shows how much people can borrow using the scheme.

Parent company Barratt Developments has helped more than 19,000 people buy their home through government shared equity schemes such as Help to Buy, more than any other housebuilder.

Breakdown of total Help to Buy sales within Nottinghamshire since the scheme launched in April 2013:

 

Districts in Notts

FTBs

Total number

Nottingham

355

418

Newark and Sherwood

354

450

Mansfield

218

304

Broxtowe

78

107

Ashfield

619

774

Rushcliffe

231

358

Gedling

118

190

Bassetlaw

266

314

TOTAL

2,239

2,915

 

Barratt Homes North Midlands currently has homes available at the following developments in Nottinghamshire: Hollygate Park in Cotgrave, Maple Gardens in Mansfield Woodhouse, Lantern Fields in East Leake, Woodhouse Park in Nottingham, Gateford Park in Worksop and Edwalton Park in Edwalton. David Wilson Homes North Midlands also has homes available to reserve at Sparken Hill Gardens in Worksop.

David Wilson Homes East Midlands also has homes at the following sites: Hollygate Park in Cotgrave, Kingston Banks in East Leake and Edwalton Park in Edwalton.

To find out more information about any nearby developments, please call the David Wilson Homes sales team on 0844 811 5544 or the Barratt Homes sales team on 0844 811 3377.

Alternatively you can visit www.dwh.co.uk or www.barratthomes.co.uk

 


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