A government initiative is helping thousands of families in Bedfordshire to get on to the housing ladder. New figures released by the Homes and Communities Agency (HCA) reveal that a total of 4,707 homebuyers in the county used the Help to Buy scheme since it was launched five years ago.
Within the county, the districts which made the best use of the scheme were Bedford (2,000) and Central Bedfordshire (2,419).
Local housebuilder Barratt Homes North Thames, which has a number of popular developments in the county, is encouraging homebuyers throughout Bedfordshire to take part in the scheme which has already helped tens of thousands of people across the country to buy a brand new home. The scheme enables anyone, both first time buyers and existing owners, to put down just a five per cent deposit for their new home and to take advantage of a government equity loan, providing access to more affordable mortgage rates.
Glenn Copper, Sales Director for Barratt Homes North Thames, said: “Bedfordshire has produced some strong results for the Help to Buy scheme and it is great to see districts such as Central Bedfordshire, where we build homes, achieving such high figures for the scheme in the county.
“Help to Buy has proved so helpful to so many homebuyers and we would encourage anyone looking to buy a home with lower upfront costs to get in touch.”
Help to Buy allows any homebuyer purchasing their only property to secure a brand new home under the value of £600,000 with just a five per cent deposit. The government lends the buyer 20 per cent of the value of the property in the form of an interest free equity loan for five years, meaning that buyers then gain access to some of the great mortgage rates currently available with just a 75 per cent mortgage. Available to all homebuyers, not just first timers, the scheme helps anyone looking for a boost up the property ladder.
On the Barratt Homes website there is more information on Help to Buy - http://www.barratthomes.co.uk/Offers/Help-to-Buy/ together with a handy calculator which shows how much people can borrow using the scheme.
Barratt Developments has helped more than 23,200 people buy their home through government shared equity schemes such as Help to Buy, more than any other housebuilder.
Barratt Homes North Thames is currently building homes throughout Bedfordshire at The Ridgeway and Marston Fields.
The Ridgeway is located on Frenchs Avenue in Dunstable. There are currently four bedroom homes for sale with prices starting from £358,000.
Marston Fields is located on Marston Old Road in Marston Moretaine. There are currently three, four and five bedroom homes for sale with prices starting from £320,950.
For more information please call the sales information line on 0844 811 7171 or visit www.barratthomes.co.uk.