House hunters are being offered a helping hand to snap up a new home for less at Buttercup Place, the house builder's development in Wolverhampton.

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  • The Government's new Help to Buy shared equity scheme enables both first time buyers and those looking to move on from their existing property to purchase their new home for 80 per cent of its full price, including a deposit as low as 5 per cent.

    Because Help to Buy customers only require a 75 per cent loan-to-value mortgage for their new property, they can access a much more competitive range of deals from lenders.

    Carl Cooke, regional sales and marketing director for Taylor Wimpey, said: "Help to Buy gives prospective purchasers in a variety of circumstances a fantastic opportunity to secure a wonderful new home at Buttercup Place for considerably less than they might have expected."

    Just one of the homes available with Help to Buy is the four bedroom Draycott detached house, priced at just £215,000. This spacious family sized home has a lounge, contemporary fitted kitchen, a separate dining room opening through French doors to the private garden, plus a guest cloakroom off the entrance hallway.

    Upstairs, the landing leads to a spacious ensuite master bedroom, three further bedrooms and a family bathroom, while a garage and driveway parking for two cars can be found outside.

    The three bedroom Severn detached property meanwhile, includes a kitchen/dining room flooded opening through French doors to the private garden, a large lounge and a guest cloakroom on the ground floor.

    Upstairs, the landing leads to an ensuite master bedroom, two further bedrooms and a main bathroom while a garage and additional parking can be found outside.

    All new homes at Buttercup Place are completed to a high standard specification, including central heating, double glazing and fitted kitchen with integrated oven, hood and hob.

    The Help to Buy shared equity scheme involves a Government loan of up to 20 per cent and is available on new build properties up to the value of £600,000. There is no salary cap for purchasers using the scheme.

    The NewBuy initiative, meanwhile, gives credit-worthy purchasers in a variety of circumstances the chance to access their ideal home with a 95 per cent mortgage.

    Just beyond the development lies the new state-of-the-art Rakegate primary school and children's centre, while there's also a health centre and handy local shops a short stroll away. North East Wolverhampton Academy, for secondary school age children, is also within walking distance.

    Some information contained herein may have changed since it was first published. SmartNewHomes strongly advises you to seek current legal and/or financial advice from a qualified professional.

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