A new home at the house builder's Greencroft development, Barnsley, could cost as little as £110 a week.
The NewBuy scheme, which allows buyers to secure a new home with only a 5 per cent deposit, is now available on selected plots at Ben Bailey Homes' Greencroft development in West Green village.
The scheme gives buyers a chance to own their dream home without the difficulty of saving for a large deposit. Applications for NewBuy are assessed in the same way as any regular mortgage application and, once a buyer meets the lender's affordability and credit criteria, they will become eligible for a 95 per cent loan-to-value mortgage.
One of the homes available to buyers using NewBuy at Greencroft is the Stainmore, priced at £97,000. This two bedroom property with a private parking space is ideal for first time buyers. Buyers can purchase the Stainmore with a deposit as little as £4,875, and will then pay just £477 per month in mortgage repayments.
The ground floor of the Stainmore features a designer fitted dining kitchen area which comes in a selection of contemporary and traditional colours and has an integrated hob, oven and extractor. The living room has French doors opening onto the garden. Upstairs, the property has two double bedrooms and a contemporary family bathroom.
Ben Bailey Homes' sales director, Steve Rider, said: "Greencroft is a very popular development with buyers thanks to the range of homes available and its desirable location in the village of West Green. First time buyers can be confident that they are making the right choice at Greencroft, and I would encourage anyone wanting to take their first steps on the propertly ladder to speak to our sales advisors about how NewBuy can help."
Greencroft is situated in West Green, a thriving community with amenities including local shops, eateries, public houses and parks. The town centre of Barnsley is just a short drive away.
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