New homes in Leighton Buzzard with 95% mortgage

Taylor Wimpey's fantastic Take5 scheme lets first-time buyers secure selected homes with only a 5% deposit at its Heath Meadows and Billington Grove developments of property for sale in Leighton Buzzard.

First-time buyers in search of houses for sale in Leighton Buzzard can take advantage of an exclusive scheme that paves the way for them to secure a 95% mortgage on a brand new Taylor Wimpey home.

Taylor Wimpey's Take5 deal, with The Cambridge Building Society, is being offered on a choice of beautiful new homes at Taylor Wimpey developments of property to buy in Leighton Buzzard.

It means that buyers could now secure selected two-bedroom properties in Leighton Buzzard with a deposit from just £7,250, compared with the UK average of £28,770*.

The new mortgages on selected Taylor Wimpey houses in Leighton Buzzard are available for two, three and five-year fixed terms and have interest rates of between 5.99% and 6.89%.

Deputy Prime Minister Nick Clegg has stated that first-time buyers had been "frozen out" of the market by the lack of mortgages. The Council of Mortgage Lenders estimates that the average age of a first time buyer not receiving financial help from family is 36. This is largely due to the size of deposit now required by lenders which has trebled in the last 10 years.

Tony Woodman, Regional Sales and Marketing Director for Taylor Wimpey, says: "It's been particularly hard for first-time buyers to find affordable mortgages, and saving up the required deposit for most products on the market can seem completely out of reach.

"However, our new 95% mortgage slices thousands of pounds off the initial sum buyers need to save to secure their first home, and those with a deposit of just £7,250 should get in touch as soon as possible and take advantage of this outstanding opportunity to step onto the property ladder today."

Mark Smitheringale, Head of Sales and Marketing at The Cambridge Building Society says: "The lack of support for first time buyers has been in the media spotlight for some time and is an issue which The Cambridge Building Society is taking a closer look at. As a first step, we are hoping to help first time buyers in and around Leighton Buzzard to get on the property ladder with the Taylor Wimpey Take5 deal."

See Also:  Taylor Wimpey (1852), Leighton Buzzard (41), Billington Grove (11), Heath Meadows (25)

Date Published: 27 June 2011

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