We are pleased to report a fantastic turnout to the launch of our development Farefield Close in Dalton last week. On the day, prospective homebuyers benefited from a Help to Buy surgery featuring representatives from the Government’s homebuying scheme and mortgage advisors.
Thirsk a Bustling Housing Marketplace
Despite other regions reporting a housing market slow as shortage of supply and uncertainty kept buyers at bay, North Yorkshire continues to boast a bustling housing marketplace.
Director Chris Patmore said: “Following the launch day four happy homebuyers have now reserved a new property at Farefield Close. We also have prospective buyers booked in for appointments with our recommended mortgage advisor. Our agents Linley and Simpson and James Winn are assisting others to further investigate the Help to Buy scheme and the benefits it brings.”
Help to Buy a New Build
Help to Buy assists anyone looking to buy a home up to as much as £600,000 as long as it is their sole home. With Help to Buy, aspiring homebuyers only need to raise a 5% deposit. Using Help to Buy, homebuyers also benefit from a 20% equity loan from the Government, which is interest-free for five years. Therefore a 75% mortgage is required for the value of the property.
For example, using Help to Buy aspiring homeowners can purchase a two-bedroom home at Farefield Close for £165,000 using a 5% deposit of £8,250 and receive an equity loan of £33,000, leaving you to raise a mortgage of only £123,750.
Meeting North Yorkshire's New-build Demand
Mr Patmore said: “The launch day at Farefield Close not only allowed us to raise the awareness of the work we are doing to help meet the demand for housing in North Yorkshire, but the Help to Buy surgery helped aspiring homebuyers to break down barriers to homeownership.”
Farefield Close features a range of two- to five-bedroomed properties. The homes will expand our neighbouring development, Willow Bridge Lane, where properties are now all sold.