Tips To Help First Time Buyers Step Onto The Property Ladder
29 Apr 2016

Do you imagine yourself in a brand new home in a fabulous location, but feel that as a first time buyer this could be out of your reach - with a deposit to find and the mortgage to arrange?

Well, with some forward thinking and a little financial planning, purchasing a brand new home can be more achievable than you initially think – say Linden Homes North.

Sales manager Julie Hubbard said: “With a large percentage of customers being first time buyers, we recognise some of the hurdles they may face throughout their house buying journey and do our utmost to make sure the process is as smooth as possible for these and all our purchasers.

“This ranges from helping them to secure the best mortgage deals through the experts we use, to incentives to help to curb the cost of moving – often leading to the customer being able to buy more property for their money.”

The main incentive is Help to Buy - here’s how it works:

  • Help to buy is available on new build homes up to £600,000
  • Purchasers need a minimum five per cent deposit.
  • All homebuyers could be eligible, not just first-time buyers.
  • The government will lend you up to 20 per cent of the value of your new build property through an equity loan, which can be repaid at any time
  • or on the sale of your home. This loan is not available on second hand homes.
  • Buyers will only need to secure up to a 75 per cent mortgage from a bank or building society.

And there are other tips and tasks to consider when thinking about a securing a mortgage and getting onto the housing ladder.

  • Get as organised as possible prior to applying for a mortgage. Documents that lenders usually ask for include; passport, proof of deposit, proof of residence, bank statements and pay slips from the last three months, latest P60.
  • Ensuring that you are registered on the electoral roll will increase your credit score.
  • If you are saving for a deposit, try and cut back on your spending – perhaps forgo the odd luxury of a take away or using taxis to get home from a night out.
  • Understand your costs. If buying a new home, your developer will be able to advise you on stamp duty or any management costs which may apply to your new home. They will also be able to advise you about the benefits of government schemes, like the popular Help to Buy incentive.


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.