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The government has recently relaxed the rules on its NewBuy mortgage scheme to allow buyers to use the 95% loan-to-value mortgages in conjunction with a part exchange deal, making it easier for homeowners to move up to a brand new home with participating housebuilders such as Redrow Homes.
National housebuilder Barratt Homes is inviting house-hunters in Buckinghamshire, Bedfordshire, Leicestershire, Northamptonshire and Peterborough to take part in its Great Barratt Move promotion with a series of events taking place this weekend, Saturday 19th January and Sunday 20th January. Some events are aimed at first-time buyers, while others will appeal to homeowners considering a part exchange deal as a way of securing a timely move.
Banbury-based housebuilder Lagan Homes is offering first-time buyers and home movers the chance to purchase a home with a deposit of as little as 5% of the purchase price, thanks to its involvement with the government-backed NewBuy mortgage indemnity scheme.
At the project starts to take shape, Barratt Homes has recently unveiled two show homes at Ladywell Park in Wellingborough, which is transforming an old quarry site into a scheme of 200 new homes in the historic Northamptonshire market town.
Ben Bailey Homes is attributing the success of the first phase of its Little Stanion development of new homes in Corby to the introduction of new property types and an enhanced specification. Six of the seven homes initially released at the site have already been snapped up, leaving just one three-bedroom home on the market for £204,950.
FirstBuy has proved to be an extremely popular option for many people struggling to get on the property ladder in Northamptonshire, which partly explains why apartments at Bloor Homes' The Lanterns in Irthlingborough are selling fast.
The average age of the first-time buyer is now 38 - and the typical deposit on a property is more than half the average income.
Bloor Homes has recently launched a brand new development of 22 three- and four-bedroom houses for sale in Bozeat, a historic village in the east of Northamptonshire. St Mary's Gate has a variety of terraced, semi-detached and detached home types for sale, priced from £176,250 to £275,000.
For house hunters in the East Midlands, Northamptonshire offers excellent transport links both north to south and east to west, and is home to a good selection of new developments from Taylor Wimpey in pleasant village locations.
Construction work has started on a scheme that could see up to 550 new homes built in the market town of Wellingborough in Northamptonshire.