Move To A Brand New Home With Just A Five Per Cent Deposit

IF as a first time buyer or an existing homeowner you think a brand new home is out of your financial reach – then think again.

Requiring just a five per cent deposit, NewBuy is a government-backed scheme aimed at bridging the gap for people who have previously been unable to buy their first home or move house.

Linden Homes is successfully running the NewBuy incentive at its developments across Cambridgeshire, Leicestershire, Lincolnshire, Nottinghamshire and Northamptonshire.

And with latest research suggesting that first time buyers face a 10-year wait to step onto the housing ladder,there has never been a better time to take advantage of NewBuy.

According to a study carried out by Post Office mortgages, most FTBs believe they will be 35 years old before they are able to buy their first home – with raising a deposit the biggest barrier.

However, a number of customers have already taken advantage of the NewBuy scheme and have settled into their new home after curbing the cost of moving or getting onto the first rung of theproperty ladder.

This includes first time buyers, teacher Katie Korniotis and plumber Austen Diaper – who have recently moved into their new three-storey townhouse at Linden Homes’ Longstanton development in Cambridgeshire.

Both were living with their parents in the local area whilst saving for a deposit on their first home together.

Katie said: “The scheme was fantastic, and raising a small deposit meant that that a new home became an instant reality for us. Linden Homes were also able to assist us in arranging our mortgage which meant the whole process was completely hassle and stress-free.

“It took just 28 days from reserving our home to moving in – and we are delighted with it.”

Here’s how the NewBuy scheme works.

And there are numerous other benefits to buying a brand new home as opposed to second hand one.

Move into a brand new home with just a five per cent deposit. Pictured is a typical Linden Homes street scene.
Move into a brand new home with just a five per cent deposit. Pictured is a typical Linden Homes street scene.
Move into a brand new home with just a five per cent deposit.
Pictured is a typical Linden Homes street scene.

-ENDS-

For further press information please contact Cetti Long at Media Matters on 01733 371363 or email cetti@mediamatters-pr.co.uk

01 November 2012

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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 representatives for details of the exact specifications available at the development(s) for each type of home and the associated prices.