SmartNewHomes

The house builder is urging first time buyers to visit its developments and find out how purchasing a home could be much easier than they thought.

  • By

  • First time buyers who believe the south east property ladder is out of their reach will think again if they visit one of Taylor Wimpey's developments in Sussex or Kent.

    New research reveals that many would-be buyers are deterred from looking for new property for sale in Sussex or Kent because they assume they won't qualify for a mortgage - but the house builder is aiming to set the record straight.

    First time buyers visiting Taylor Wimpey developments can benefit from the advice of experienced sales executives to dispel any misconceptions they might have about mortgage lending and find out how it could be much easier than they think to afford their very own home.

    A range of money-saving incentives is offered by Taylor Wimpey including the Government-backed First Buy scheme, which means selected new build homes in Kent and Sussex can be accessed by eligible purchasers for 80 per cent of the full price, including a 75 per cent mortgage and a 5 per cent deposit, subject to status.

    Jason Stokes, regional sales and marketing director for Taylor Wimpey, says: "Latest research shows that 92 per cent of people think it is hard for first time buyers to secure a mortgage, and that two out of three prospective property purchasers are completely put off from applying because they fear they will be turned down.

    "But the truth is that 90 per cent of first time buyers are successful with their mortgage application through Taylor Wimpey.

    "By visiting one of our developments across the south east, would-be buyers will not only find a new property could be comfortably within their reach, but they'll be pleasantly surprised at how straightforward and stress-free the whole process can be when purchasing a Taylor Wimpey home - and they may only need a 5 per cent deposit."

    First Buy works through a joint loan of 20 per cent from the Homes and Communities Agency (HCA) and Taylor Wimpey. The loan is repayable at the end of the 25 year mortgage term or when the property is sold. To be eligible, purchasers' total household earnings should be less than £60,000.

    Alternatively, the Gifted Deposit scheme is also available on selected Taylor Wimpey homes in the south east region, through which the house builder contributes 5 per cent towards the deposit with nothing to pay back.

    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 advice from a qualified professional.

    * DISQUS *
    comments powered by Disqus