Taylor Wimpey has launched an informative new video guide explaining the recently launched 95 per cent mortgage scheme, NewBuy.
The Government and housebuilder-backed initiative has been hailed as a great boost for the industry and is being offered by a number of the major mortgage lenders.
NewBuy is available on brand-new properties up to £500,000 and means that credit-worthy first time buyers may now only need to save a five per cent deposit before they can get on the property ladder.
Home movers with limited equity in their existing house will also benefit from the increase in availability of 95 per cent loan to value mortgages.
Taylor Wimpey has developed the new, easy-to-understand video to explain how NewBuy works. It gives house-hunters an overview of the scheme, highlighting who is eligible, how NewBuy can assist them and provides a handy worked example.
It also gives viewers details on how they can find out more information and subsequently apply for the scheme.
To view the video guide visit www.taylorwimpey.co.uk/newbuy or contact the following local Taylor Wimpey developments to find out more about NewBuy availability:
nOak Springs, Bourne. Tel: 0845 6882060.
nPilgrims Chase, Spalding Tel: 0845 2398129.