First-timers sign up to mortgage scheme
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.