New help to buy scheme set to help first-time buyers secure moving goals

Date published: 01 March 2021

First-time buyers in Greater Manchester have an opportunity to take the first step on the property ladder in 2021 following the launch of a new government-backed Help to Buy scheme.

The brand new scheme is exclusive to first time buyers only and is available on new properties that are built after April 1, 2021.

There are also regional price caps which limit the price on Help to Buy homes, for North West region this is £224,400.

Barratt Homes is ready to assist prospective buyers at its developments across Greater Manchester and is encouraging those interested in securing a new home to book an appointment with a Sales Adviser.

With Help to Buy, buyers are able to purchase a new home with just a 5% deposit and a 75% mortgage.

The remaining 20% is funded by an equity loan, interest-free for the first five years and repayable on the sale on the home.

Michaela Lancaster, Sales Director at Barratt Homes Manchester, said: “The launch of the new Help to Buy scheme has arrived at an opportune time for first time buyers looking to begin their journey as a homeowner and fulfil those moving goals.

“The government-backed scheme is a fantastic stepping stone for anyone looking to get on the property ladder with just a 5% deposit, providing an opportunity for young couples to secure a first home together, or allowing renters to find a home of their own.

“We have a selection of properties with Help to Buy available at our developments across Greater Manchester and we’re looking forward to assisting property seekers with their move.”

Those seeking more information about Help to Buy are encouraged to visit:

Barratt Homes has properties with Help to Buy available at a range of developments in Greater Manchester, including Weavers Place and Hillside West in Hattersley, Waldmer Wood in Bury and Amberswood Rise in Wigan.

For more information, please call the Barratt Homes sales team on 0333 3558 474 or visit:

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