If you’ve been struggling to get together that all important deposit for a new home then NewBuy could be the answer. With a 95% mortgage you could be moving in sooner than you thought! NewBuy is government-backed and there are no special criteria to qualify – it’s available to anyone buying a new home at Officers Field, with a deposit of just 5%, and up to a maximum value of £500,000.
The typical deposit needed to buy a home is 20 per cent; so for a home worth £200,000 buyers using the NewBuy scheme need a deposit of just £10,000 rather than £40,000.
Whether you’ve outgrown your current home or you’re a first time buyer looking to get on the ladder, if you want a new home with excellent features and award-winning design, NewBuy could help.