FIRST-time buyers looking for a new-build home have plenty of options. homemaker looks at deals on offer.
Keepmoat
DEVELOPER Keepmoat Homes is offering homebuyers a helping hand onto the property ladder through its shared equity and financial incentives.
Among the styles on offer are the three-bedroom Ashby, from £101,995.
The Ashby has a fitted dining kitchen while the lounge, at the back of the home, has French doors to the garden. There is also a cloakroom. Upstairs there are two double bedrooms, a single and a bathroom .
Keepmoat Homes also has a variety of two, three, four and five-bedroom homes, with developments, from Tyneside to Teesside. For more information, tel: (0191) 487-3800.
Yuill
YUILL Homes has a special incentive on its two-bedroom, two-bathroom Vermont home at Balliol Mews in Benton, Newcastle.
The contemporary Vermont is an ideal starter home and Yuill is now offering the property for £118,958, down from £139, 950, as part of its YuillShare deal. YuillShare is a shared equity scheme which allows buyers to own 100% of their home for only 85% of the cost.
Lindsay Greenhalgh, of Yuill Homes, said: “With its two -bedroom, two-bathroom layout, the Vermont is an ideal first home as it has space for guests, is great for friends looking to share or would be perfect for an individual looking to rent out a room.
“Balliol Mews is also set in a superb location as this hidden gem is situated centrally for commuters, with the added benefit of both coast and countryside within a short drive.
“Yuill Homes has a number of great deals and incentives available for buyers. With YuillShare, the homeseeker would simply need a mortgage covering 85% of the price – a deposit may be required – with Yuill providing a loan for the remaining 15%.
“The great news is that there is no interest or rent payable on this remaining 15% and the buyer would need to repay only when they sell their home or within 10 years – whichever is sooner.”
Balliol Mews in Benton is just a short distance from Newcastle city centre and has all the amenities of Gosforth and Jesmond nearby. Benton has good transport links and is well-placed for the Metro, the East Coast Mainline, Newcastle International Airport and the Northumberland countryside or coastline .
A Salisbury showhome is also available to view at Balliol Mews. For more information, tel: (0191) 266-9646 or visit www.yuilloffers.co.uk
Barratt
THE Washington terraced house is one of Barratt North East’s most popular homes with first-time buyers, who like its open-plan layout, two good-sized double bedrooms and 624 sq ft of living space.
It has an open-plan living room with dining area and French doors opening into the garden. The fitted kitchen comes with oven, hob and hood, and there is a useful cloakroom.
At Fellview, the Washington is available for £74,550 through the Government-backed HomeBuy Direct initiative, rather than the usual price of £106,500.
Buyers taking advantage of the scheme receive a 30% equity loan funded jointly by Barratt and the Government, meaning only a 70% mortgage is required and monthly repayments are more affordable. The 30% loan is interest-free for five years.
A new Washington showhome opened recently at Barratt’s Fellview development, with views over the Derwent Valley. There is a range of local amenities and the development is within easy commuting distance of Durham and Tyneside. For information, tel: (01207) 591536.
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