Date published: 10/12/2012
A YOUNG couple from Gateshead have been able to move into their dream home to start family life together thanks to the Government’s NewBuy mortgage scheme.
26-year-old Helen Moscrop and her partner Tom Rock, were able to purchase a three-storey Edinburgh townhouse on the Miller @ Bishops Park development in Gateshead using the NewBuy scheme whereby they paid a 5% deposit and received a 95% mortgage.
NewBuy offers a helping hand for buyers who have limited funds for a deposit on their new home. Lenders participating in the scheme will then provide a 90-95% loan to value mortgage for those who meet their qualifying criteria.
Nicola Robinson, sales advisor at Miller @ Bishops Park, said: “I showed Helen and Tom around the Edinburgh townhouse as the design of this home is perfect for a young couple and they instantly fell in love with it.
“As Helen and Tom were aspiring first time buyers looking to get on to the property ladder during some of the toughest market conditions, I recommended that they make use of the NewBuy scheme so they’d only need to pay a 5% deposit on their new home.”
Helen said: “We were immediately attracted to the Miller @ Bishops Park development as the properties are beautiful and the area is an ideal location for our jobs.
“The day we put our deposit down we were so excited that we even braved June’s infamous ‘Toon floods’ to get to the development. There was torrential rain pouring down and flooding throughout the region but we weren’t going to let that stop us from securing our chosen plot!
“Having the right environment to start family life is obviously very important to us and Bishops Park ticked all the boxes. It is a fantastic development which is close to local shops, some lovely parks and it has great transport links, plus we have lots of friends that live nearby.
“We’re very grateful that the NewBuy scheme has enabled us to purchase our dream home, especially during a time when it’s becoming increasingly difficult for young people to get into the property market.
“From the outset Miller has provided us with all the help and advice we could need in purchasing our new home using the NewBuy scheme. We are so impressed with the customer service and quality of our home that we’ve recommended Miller to a friend and they’re looking to purchase a house at Bishops Park as well.”
NewBuy is available on a range of two, three, four and five bedroom properties across the North East that cater for a wide variety of buyers, from first time buyers to growing families and downsizers, up to a maximum value of £500,000 subject to satisfying lender criteria. Further information is available at www.millerhomes.co.uk/Our-offers/NewBuy.
Miller @ Bishops Park is an interesting mix of two, three and four bedroom homes. Currently available at this development is a selection of three bedroom homes priced from £134,950.
For further information on Miller @ Bishops Park, contact the sales office on: 0800 840 8512, open five days a week: Thursday to Sunday 10.30am to 5.30pm and Monday 12.30pm to 5.30pm. Alternatively, visit www.millerhomes.co.uk/Developments/North-East/Miller-at-Bishops-Park-Sunderland-Road
Name: Marie Dunsmuir
Phone: 0870 3365084