A Yorkshire housebuilder has secured Government funding aimed at supporting first-time buyers onto the property ladder.
Jones Homes Yorkshire, which is currently building at the Wentworth View development in Thorpe Hesley, has received approval to sell homes with the new version of Help to Buy.
This announcement means that house-hunters purchasing their first home will be able to secure a house with the developer with just a five per cent deposit and a 75 per cent mortgage. The remaining 20 per cent is provided as an equity loan, which is interest free for the first five years.
First-time buyers in Yorkshire and the Humber will be able to use the scheme on new properties priced up to £228,100.
Jayne Swift, sales and marketing director for Jones Homes Yorkshire, said: “We are naturally pleased to have received this funding from the Government so that we can offer this support to first-time buyers in Yorkshire.
“We have already taken several reservations under the scheme and look forward to welcoming these buyers to their new homes from April. There is currently a selection of homes for sale at our Wentworth View development priced below the regional Help to Buy price cap and several more are due to be released in the coming months.
“We are currently building a selection of three, four and five-bedroom homes at Wentworth View, including the three-bedroom semi-detached Birch house type, which is priced at £227,995, perfect first-time buyers looking to use this new scheme.”