First time buyers get a helping hand onto the property ladder with Taylor Wimpey

Taylor Wimpey is set to help first time buyers across Aylesbury get on the property ladder by offering the Government's newly-launched FirstBuy scheme on a range of homes at it's Hartwell Meadows development.

This means first time buyers can get a mortgage without having to spend years scrimping and saving for a large deposit.

FirstBuy, which was unveiled in the Chancellor's Budget earlier this year, supports first time buyers who could not otherwise afford to buy because of the large deposits now required by mortgage lenders.

FirstBuy works through a joint loan of 20% from the Homes and Communities Agency (HCA) and Taylor Wimpey, which means that eligible purchasers only need put down a 5% deposit and obtain a 75% loan-to-value mortgage. The loan is repayable at the end of the 25 year mortgage term or when the property is sold. To be eligible, purchasers must be first time buyers and the total household earning should be less than £60,000.

Darren McCormack, regional sales and marketing director for Taylor Wimpey, comments: "By introducing this scheme, we are giving first time buyers a real opportunity to get on the property ladder without spending their entire life savings on a deposit. We believe that this scheme will make all the difference to those who can afford the monthly repayments on a mortgage but not the hefty deposit. With only 80 per cent of the property's value to finance, buyers will have access to a wider choice of mortgage products and more competitive interest rates.

"So what are you waiting for? Get down to Hartwell Meadows and find your dream home. Our experienced sales consultants will be on hand to guide you every step of the way."

Hartwell Meadows is currently selling a collection of stunning two and three bedroom homes from just £145,000.

The development offers buyers the best of both worlds being close to the busy market town of Aylesbury for local amenities as well as being well placed for commuting to London, Oxford and Reading as well as Gatwick, Heathrow and Luton airports.

See Also:  Property News (6705), Taylor Wimpey (1853), Aylesbury (21), Hartwell Meadows (4)

Date Published: 03 October 2011

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