Member Article

Help to Buy on the rise! New figures show the scheme remains popular in Rotherham

With recent figures showing Help to Buy Equity loans across the region remaining at high levels, Barratt Homes reveals the scheme is still going strong at its Evolution development in Rotherham, with nearly 60% of new homes being purchased through Help to Buy.

The figures demonstrate that the scheme is performing exceedingly well in Rotherham, with a total of 828 Help to Buy equity loans being taken out since its launch in April 2013. Over 80% of these equity loans are to first time buyers, highlighting the popularity of the scheme in the region for those aiming to take their first step onto the property ladder.

The Help to Buy equity loan scheme is applicable against all Evolution’s new homes on prices up to £286,995, with only a 5% deposit and is set to continue until 2021. The government lends the buyer 20% of the value of the property in the form of an interest free equity loan for five years. This then means buyers can access some of the great deals available for a 75% mortgage, making new homes much more affordable.

Gavin McCarthy, Sales Manager at Evolution, said: “It is great to see that the Help to Buy scheme is so successful, not only at Evolution, but across Rotherham. It is encouraging that so many first time buyers are able to get onto the property ladder through the Help to Buy equity loans, as well as those who have sold subject to contract, and we hope we continue to see more take advantage of this great scheme.”

Evolution is a fantastic development of stylish three and four bedroom homes and two bedroom apartments located in Waverley. Homes are available to purchase from £134,995.

For more information about Barratt Homes visit www.barratthomes.co.uk/

This was posted in Bdaily's Members' News section by Richard Savage .