First-timers sign up to mort­gage scheme

Yorkshire Post - Property - - FRONT PAGE -

OVER 40 per cent of Tay­lor Wim­pey’s first time buy­ers in North York­shire have taken ad­van­tage of the Gov­ern­ment’s Firstbuy scheme.

Firstbuy works through a joint loan of 20 per cent from the Homes and Com­mu­ni­ties Agency (HCA) and Tay­lor Wim­pey, which means that el­i­gi­ble pur­chasers only need put down a five per cent de­posit to ob­tain a 75 per cent loan-to-value mort­gage. The loan is re­payable at the end of the 25-year mort­gage term or when the prop­erty is sold. Pur­chasers must be first time buy­ers and the to­tal house­hold earn­ings should be less than £60,000.

Tay­lor Wim­pey is of­fer­ing Firstbuy at de­vel­op­ments across the re­gion. For de­tails visit www. tay­lor­wim­pey.co.uk/firstbuy.

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