SmartNewHomes

Taylor Wimpey is offering First Buy for first time buyers at selected developments in Buckinghamshire, Hampshire and Middlesex.

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  • Aspiring first time buyers who are struggling to get a foot onto the property ladder can get a helping hand with the Government-backed First Buy scheme at a number of Taylor Wimpey developments of property for sale.

    Under First Buy, selected new build homes in Hampshire, Buckinghamshire and Middlesex can be accessed by eligible first time buyers for 80 per cent of the full price, including a 75 per cent mortgage and a 5 per cent deposit, subject to status.

    This fantastic initiative is now available at the leading house builder's Limes Park and Everest Park developments in Basingstoke, at The Romans at Augusta Park development in Andover, the Kingshill Grange development in High Wycombe and at the Essence development in Yiewsley, near West Drayton.

    The spacious one bedroom Plot 247 apartment at Everest Park, for example, can be accessed by a qualifying purchaser for 80 per cent of its £117,000 purchase price under the First Buy scheme - that's just £93,600 - including a deposit of only £5,850.

    Alternatively, the one bedroom Plot 23 apartment at Essence in Yiewsley, Middlesex, can be accessed by an eligible first time buyer for 80 per cent of its £149,995 purchase price - or £119,996 including a £7,500 deposit.

    Tim Betts, regional sales and marketing director for Taylor Wimpey, says: "First Buy offers first time buyers a unique opportunity to leave renting behind and step onto the property ladder in style.

    "We have already experienced considerable interest in this fantastic initiative across the west London region and availability is strictly limited, so I would stress to anyone interested in taking advantage of the scheme to visit our participating developments as soon as possible."

    First Buy works through a joint loan of 20 per cent from the Homes and Communities Agency (HCA) and Taylor Wimpey, which means that eligible purchasers only need put down a 5 per cent deposit and obtain a 75 per cent 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 their total household earnings should be less than £60,000.

    First Buy closed to new applications in April 2013. For the latest incentives, click here.

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

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