Getting A Mortgage 'Up North' Is Cheaper Than You Think - Thanks To Help To Buy
07 Dec 2015

While latest industry research suggests that workers in Yorkshire and Humber need to earn around £38,000 to afford a mortgage – Linden Homes North can ease the financial burden.

Based on the average home in the region costing £166,000, the recent report from The National Housing Federation shows a worker paid the region’s average wage (£23,405) would need close to a £15,000 pay rise to qualify for a 80 per cent mortgage.

However, with a number of developments across Yorkshire - many of which have homes under the reported £166,000 price tag – Linden Homes North can ease the financial burden of moving to a brand new home.

Thanks to the Government-backed Help to Buy scheme, and figures researched by financial experts at New Homes Mortgage Helpline, the average income would in fact need to be £32,000 per couple in a household – £8,000 less than the study suggests.

Under Help to Buy, purchasers need only a five per cent deposit. The incentive has already helped dozens of Linden customers to buy a brand new home – and in some cases, get more for their money.

Here’s how it works:

  • Buyers only need a minimum 5 per cent deposit.
  • It’s available to all house hunters, not just first-time buyers.
  • The government will lend you up to 20 per cent of the value of your property through an equity loan, which can be repaid at any time or on the sale of your home.
  • This means you will only need to secure up to a 75 per cent mortgage from a bank or building society.
  • Help to Buy is available on new build homes only.
  • It is only available on homes priced up to £600,000.

Linden Homes North sales director Steve Woomble is keen to dispel any misunderstanding about the Help to Buy scheme.

He said: “Despite a concerted effort to raise awareness of the scheme by the Government and those in the industry, people still do not have a grasp of this scheme and who it applies to.

“The scheme, which has helped numerous customers, is perfect for those looking to get on the property ladder or make that step up to their next home.

“We see many instances of people being perfectly able to afford monthly repayments however; the challenge is getting the money together for the all-important deposit. Help to Buy has a proven track record to specifically help those wanting to buy their first or next home.”

Linden Homes North currently has homes at the following developments:

  • York Dale, Leeds
  • The Balk, Pocklington
  • Bradley Meadow, Market Weighton
  • Woodland Croft, Hessle
  • Elm Tree Park, Beverley


For further press information please contact Cetti Long at Media Matters on 01733 371363 or email

References to “we”, “us” or “our” are to the part of the Vistry Group (including Linden Homes, Bovis Homes, Countryside Homes, Drew Smith or one of Vistry’s joint venture companies) from which you are intending to purchase a new home. References to "you” and “your” are to the prospective buyer or buyers of a new home from us.

All images are used for illustrative purposes only and are representative only. They may not be the same as the actual home you purchase and the specification may differ. Images may be of a slightly different model of home and may include optional upgrades and extras which involve additional cost. Individual features such as windows, brick, carpets, paint and other material colours may vary and also the specification of fittings may vary. Any furnishings and furniture are not included in any sale. Please check with our sales consultants for details of the exact specifications available at the development(s) for each type of home and the associated prices.