As the number of first-time buyers hits the highest level for five years, housebuilder Rowland wants to help even more young people take their first step onto the property ladder.
Lending to first time buyers increased by 3% in February, making it the busiest start to a year for people achieving home ownership since 2008, according to the Council of Mortgage Lenders (CML).
Rowland is offering a helping hand to homebuyers who wish to own their own property with its incentives Help to Buy and NewBuy. The government schemes are available at a number of Rowland developments in Lancashire, including Barrow Brook Grange in Clitheroe, Longridge’s Cromwell Fields and Sycamore Gardens in Leyland.
Sam Johnson, sales manager for Rowland Homes, said: “It is fantastic news that the number of first time buyers has increased. It is more important than ever to support those who want to climb the property ladder and we believe that we can offer the help needed to take that first vital step.
“Owning your own home is an incredibly exciting life experience and everyone should have the chance to hold the keys to their own property, but sometimes all that is needed is a helping hand. Rowland has a superb selection of houses around the North West and many would make ideal starter homes. We are dedicated to helping more and more first time buyers whisper the magic words ‘home sweet home’.”
NewBuy means a brand new home is more affordable than ever before, giving buyers the offer of a 95% mortgage with only a 5% deposit needed.
Alternatively, Help to Buy enables those who have saved at least a 5% deposit to take out an equity loan from the Government for up to 20% of the purchase price. This means they only need a 75% mortgage from their chosen lender and should be able to access much more competitive interest rates, which would make their mortgage repayments more affordable.
Although the scheme will help first time buyers, all types of purchasers can apply for an equity loan through Help to Buy. The maximum home purchase is £600,000 and it is available on new build homes only.
Barrow Brook Grange in Clitheroe, Cromwell Fields in Longridge and Leyland’s Sycamore Gardens offer the ideal Lancashire lifestyle with a delightful selection of properties available at a range of affordable prices.
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