A young couple in Gloucestershire with a penchant for travel have utilised a NewBuy mortgage to put down some roots at Bovis Homes' Charlton Hayes development in Filton. Still both in their 20s, Daniel Ostheimer and Katie Christodoulides are frequent visitors to foreign climes but were able to stop renting and buy a home thanks to an affordable NewBuy mortgage.
In fact, Daniel knew the development very well before the couple bought their new home: "I was renting one of the properties at Charlton Hayes so knew about the area and the quality of housing. From this experience we knew that if the right property at the right price was available then we would be happy with what we were getting."
Daniel and Katie took a methodical approach to purchasing their property. Daniel explains: "We first learned about NewBuy when we visited the Bovis Homes sales office at Charlton Hayes to have some initial fact-finding discussions on buying a new-build house. The sales advisor Julie sat down with us and we talked through the various options that were available to us, including the NewBuy scheme. NewBuy offered us the opportunity to get on the property ladder much earlier than we expected using that 5% deposit requirement."
The couple then went to see an independent financial advisor, who in turn referred them to Santander's NewBuy mortgage range. "We carefully planned out what we would be able to pay, both in terms of mortgage repayments as well as all other associated costs and affordability is not an area of concern," says Daniel.
It took just two months for the couple to purchase and move into their new ‘Portman' three-bedroom townhouse. "The ‘welcome pack' of tea, coffee and cups was greatly appreciated on the day of moving," says Katie, "and the bottle of champagne in the fridge was a fantastic welcome! Buying and owning our own place has given us a great feeling of satisfaction. It is great to know that we own our own accommodation, and we're going to enjoy making our new house a home by personalising it."
Bovis Homes Group Marketing Director Kevin Wilkins says: "Daniel and Katie join a growing number of customers who are starting new lives in a brand new Bovis Home thanks to NewBuy. The low-deposit requirement is really opening up the market and we wish them all the best as they settle in - and we'll continue to support them through our customer care team."