First-time buyers looking to step on to the property ladder in Wiltshire can take advantage of the new Help to Buy scheme at a Bellway development in the area.
The updated Government initiative can be used at the housebuilder’s Vicarage Gardens development in South Marston.
The new version of Help to Buy allows first-time buyers to purchase a new-build home with a five per cent deposit and a 75 per cent mortgage – it is no longer available to existing homeowners. The remaining 20 per cent is provided in the form of an equity loan from the Government, which is interest free for the first five years of homeownership.
Homes eligible to be purchased under the scheme must be priced under the new caps set for their region. This is £349,000 in Wiltshire, which falls within the South West.
Christel Hawkins, Sales Manager for Bellway South West, said: “The new Help to Buy scheme is a fantastic way to support first-time buyers in reaching their dreams of becoming homeowners.
“The scheme means that people don’t have to feel daunted by the process of saving up to pay a large deposit, and also gives them access to a broader range of mortgage deals.”
Vicarage Gardens is located off Old Vicarage Lane in South Marston, and benefits from being just 15 minutes by car from Swindon town centre.
The homes available for reservation under the new Help to Buy scheme at Vicarage Gardens are both three-bedroom semi-detached properties – the Shaldon, priced from £288,995, and the Sandford, priced from £324,995.
Christel said: “The homes at Vicarage Gardens are ideal for first-time buyers due to their reasonable prices, desirable village location and well-situated position to local amenities.
“Both the Shaldon and the Sandford feature open-plan kitchen and dining areas, separate living rooms, and en suites to the master bedrooms, while buyers have the option of using the third bedroom as a guest room or for homeworking.
“Homes at Vicarage Gardens are selling fast, so I would encourage anyone interested in taking their first step on the property ladder here to get in touch with the sales team to find out more.”
For more information on the homes Bellway is building at Vicarage Gardens, call the sales team at 01793 352658. Alternatively, visit bellway.co.uk.