New home dream is closer to a reality - with just a five per cent deposit

IF you are looking for a new home this spring or summer, Linden Homes can help buyers to overcome the hurdle of a large deposit, and turn the dream into a reality.

The Government’s NewBuy scheme is designed to help bridge the deposit gap for new homebuyers – and is available across all Linden Homes’ regional developments in Cambridgeshire, Leicestershire, Lincolnshire and Nottinghamshire.

The scheme is aimed at first time buyers or existing homeowners who only have funds for a deposit of between five and 10 per cent.

This offers a rate of 4.99 per cent, fixed until April 2015, on a 95 per cent loan to value mortgage. And buyers with a 10 to 15 per cent deposit will benefit from even more attractive rates of 4.49 and 3.99 per cent respectively, which are also fixed for the same period.

The scheme is operated by new homes developers, like Linden Homes, working in partnership with the Government.

Linden Homes sales director Steve Garton said: “It is still relatively early days for this scheme, but we have found it is something our prospective purchasers are interested in, and in many cases, eligible for.

“For anyone who has saved a five per cent deposit, come in and talk to us and find out how the NewBuy scheme could work for you.”

The NewBuy scheme helps to bridge the deposit gap for buyers – and is available at Linden Homes’ regional developments. Pictured is a typical Linden Homes street scene.
The NewBuy scheme helps to bridge the deposit gap for
buyers – and is available at Linden Homes’ regional
developments. Pictured is a typical Linden Homes street scene.

-ENDS-

For further information please contact:

Cetti Long
Media Matters PR
Linden Homes Midlands
Tel: 01733 371363.
E-mail: cetti@mediamatters-pr.co.uk

13 April 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.