A leading housebuilder has hailed the Government-backed NewBuy mortgage product as a huge boost for the industry as one of its customers became the first person in the country to buy a home using the package.
Increasing numbers of buyers are moving away from rural village life and opting for the hustle and bustle of successful city centres. Norwich is just one of those property hotspots, where buyers are snapping up smart, contemporary homes to be close to the action.
Emma Morris and Andrew Durkin have achieved their dreams of property ownership at last thanks to a Government-backed shared equity scheme which finally unlocked the housing market for them - and also showed them the benefits of living in a brand new home.
Bovis Homes are trying to track down the descendants of a Droitwich war hero - because they are planning to name their new development in the town after him.
With the launch today of the Government-backed homebuying assistance scheme NewBuy, leading national housebuilder Bovis Homes has signed up with three major high street lenders - Nationwide, Barclays (Woolwich) and RBS (NatWest) - to support them in getting the 95% mortgage into the marketplace.
The new Government-backed 95% mortgage, which will be launched this month, has been hailed by one major national house builder as: "One of the most significant developments in the housing market for years."
Bovis Homes are one of the UK's leading housebuilders with a proud reputation for the quality of their homes, high specification and dedicated customer service.
This award-winning company creates contemporary homes built to traditional standards and has something for just about every type of housebuyer. From one and two bedroom properties ideal for first-time buyers, to larger five and six bedroom family homes, Bovis Homes has been at the forefront of supplying quality accommodation for the country's homebuyers since 1885.
Bovis Homes puts the focus on the customer with an industry-leading customer-care programme and impressive buyer satisfaction levels. Their all-inclusive homes come with a two-year Bovis Homes warranty and include new kitchens with integrated appliances. The home buyer also has the added reassurance of a 10-year NHBC warranty.
Bovis Homes has also taken the lead when it comes to the development of innovative purchase assistance schemes that can make dreams come true for those who thought that homebuying was beyond them. Whether you're a first-time buyer looking for a low-deposit mortgage solution or an existing houseowner searching for a buyer for your old property, Bovis Homes could have just the package to suit you.
The designs of the homes and the materials used reflect the company's drive for sustainability and energy efficiency as they look to create properties to be proud of and thriving communities. Bovis Homes is a member of the FTSE4Good index, which recognises companies' commitment to responsible environmental management.
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UK's first NewBuy customer buys a Bovis Home
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