THE launch of the Government’s NewBuy scheme on 12th March, which will herald the return of 95 per cent mortgages for buyers of new homes, is already attracting enormous interest says housebuilder Barratt Yorkshire West.
Around 20,000 potential homebuyers have already pre-registered their interest on the company’s website nationally with the weekly registration rate now hitting 1,500.
Interest in the scheme is being driven by the dramatically reduced deposit needed to buy a new home, giving creditworthy buyers the best opportunity for five years to get onto the housing ladder.
As well as website pre-registration, Barratt Yorkshire West is launching its own helping hand for would-be homebuyers with a helpline 0844 815617 to deal with the increased level of interest.
It is also pledging that its network of mortgage advisers will be available seven days a week so that NewBuy mortgage applicants can get independent advice and a rapid decision.
Ian Ruthven, Sales Director at Barratt Yorkshire West said: “This is a significant change for the housing market in Yorkshire and we are seeing substantial levels of interest.
“We have set up a priority service especially for our buyers, using independent mortgage advisers who will ensure their inquiries receive a rapid response.
“The key thing is that people will no longer need huge deposits of up to 20 per cent.
“This is a game changing moment for creditworthy buyers who have been understandably frustrated for years about not owning a home.”
For further information on Barratt developments in your area please call the sales team on 0844 8115533 or visit www.barratthomes.co.uk