Barratt Homes has revealed the Government’s Help to Buy scheme is popular in Hull, with 70% of homeowners using the scheme to reserve their new property at its Aspect development.
Recent figures demonstrate the scheme is performing exceptionally well in the city, with a total of 1,411 Help to Buy equity loans being taken out since it launched in April 2013. Across Yorkshire the scheme has been equally successful, being used more than 14,700 times since it began.
The specialist loan, which is exclusively available to new build homes, allows people to buy a new property with just a 5% deposit. The government lends the buyer 20% of the value of the property in the form of an equity loan, interest free for five years. This means buyers can access some of the great deals available for a 75% mortgage, making new homes much more affordable. The scheme is set to continue until 2021.
Paul Hogan, Sales Director at Barratt Homes Yorkshire East said: “It’s brilliant to see so many first time buyers and existing homeowners using the Help to Buy scheme to get on to, or climb, the property ladder in Hull. We have welcomed lots of new homeowners to Aspect as a result of the scheme, and we hope it will help many more people across Yorkshire to secure their dream home. With our final properties remaining, we urge people to visit our local Sales Office and speak to one of our Sales Advisers before they’re all reserved.“
Barratt Homes’ Aspect development offers a stylish collection of two, three and four bedroom homes. Properties are available to purchase from £159,995 and come with a ten year National House-Building Council (NHBC) warranty.
Ideally situated in the desirable village of Anlaby and less than four miles from the centre of Hull, Aspect boasts excellent transport links, making it ideal for professionals and families alike.
For more information about Aspect development, visit www.barratthomes.co.uk/aspect or call 01482 657 054. Aspect is open Monday 12:30pm – 5:30pm and Thursday – Sunday 10:00am – 5:30pm.
Author: Katie
Katie Savage