Purchasers of new build homes in Chorley will see their deposits cut by at least £15,000 by using NewBuy, the 95 per cent mortgage backed by the Government, according to local housebuilder, David Wilson Homes North West.
Homebuyers purchasing a property at £169,995 would have previously paid a 15 per cent deposit of £25,499, but with the five per cent deposit available through the NewBuy scheme, this is slashed to just £8,499.
David Wilson Homes North West has reported that the NewBuy scheme is already proving popular with customers in Chorley and is urging those interested in properties at its Aspire or Eccleston Park developments to contact the sales office quickly to take advantage of this innovative new scheme.
Steve Jackson, sales director at David Wilson Homes, said: “Through NewBuy, purchasers of new build homes can take advantage of the reduced five per cent deposit and we see this as a game changer for the Chorley housing market.
“Credit-worthy families who have put their plans to buy a new home on hold for the last few years can once again think of their future.
“It’s fantastic news for local homebuyers and the economy alike.
“Thanks to this scheme, the deposit needed for a new home has been radically reduced – customers can borrow more at a lower interest rate than was previously the case.”
NewBuy is available in England on all David Wilson Homes properties up to and including a sale price of £500,000, so suitable for a range of purchasers, from first time buyers to families looking to make the next step up the property ladder.
Top choice for Chorley purchasers
For families looking to move into a spacious new home in Chorley, the NewBuy scheme, at its Aspire and Eccleston Park developments, provide the ideal solution.
At Eccleston Park, the four-bed Cornell design is a great choice for families with its open plan living space and is fully fitted with carpets and quality floor finishes, blinds and lighting throughout.
The ground floor of this detached home features a spacious lounge. The family kitchen-diner, which comes with an integrated fridge-freezer and dishwasher, creates a sense of outdoor living with a glazed bay and double doors to the garden.
You can find the four bedrooms upstairs, with the master bedroom having its own en suite.
This stunning property is available for £234,995, with a deposit of £11,749 through the NewBuy initiative.
For purchasers seeking even more space, the stunning Moorecroft design at Aspire is a must see.
Set on three floors, this thoughtfully designed, family home boasts five double bedrooms, two of which have en-suite bathrooms.
Other attractive features include an open plan kitchen/dining room, a study, a family bathroom and even a cosy den.
The Moorecroft home is available for £399,995, with a deposit of just £19,999 through NewBuy.
The power of Part Exchange
Alternatively, for purchasers concerned with selling their own home, the availability of Part Exchange at Eccleston Park and Aspire makes purchasing even simpler by removing some of the uncertainties commonly associated with moving home, such as unstable property chains.
Choosing to part exchange their home also means purchasers can stay in their own property until their new home is ready.
Steve Jackson added: “At David Wilson Homes, we appreciate the various financial challenges homebuyers can experience when selling and buying a home, such as estate agents’ fees and issues with property chains.
“ That’s why our part exchange scheme is ideal for house-hunters wanting to take their next step without any of the hassle.”
For further details about David Wilson Homes North West’s Aspire or Eccleston Park developments, call the sales team on 0844 8113366, or visit www.dwh.co.uk