HOUSE BUILDER Bovis Homes have teamed up with a new lender to offer Devon house buyers an opportunity to beat high deposits and land their dream home.
Aldermore have now signed up with Bovis Homes to offer the Government-backed 95 per cent mortgage scheme NewBuy to house purchasers – meaning a five per cent deposit is needed to buy a new home.
The bank joins major high street lenders Halifax, Barclays (Woolwich), Nationwide Building Society, RBS (NatWest) and Santander in offering NewBuy to Bovis Homes customers.
It means that first-time buyers and existing homeowners alike could now land a quality new home with all-inclusive specification at Heron's Reach at Cranbrook in Exeter, Marine View in Teignmouth, or Nickleby Place in Dawlish, paying a five per cent deposit up front.
"We're delighted to now have Aldermore on board, offering buyers even more choice as they look to take full advantage of this excellent home-buying opportunity," said Kevin Wilkins, Bovis Homes group marketing director.
"The Government-backed NewBuy mortgage has already helped a number of our customers buy a brand new Bovis Home, and for both first-time buyers and existing homeowners alike, 2013 looks like a great time to make their dream move with interest rates currently staying at historically low levels."
Charles Haresnape, managing director of Aldermore Residential Mortgages, said: "NewBuy is one of a number of Government initiatives designed to help homebuyers move up the housing ladder and we're delighted to be teaming up with Bovis Homes and offering it to their customers."
Terms and conditions apply to NewBuy and buyers should check their eligibility with the independent mortgage advisors at their development of choice, who can be contacted through Bovis.
For more information on Bovis Homes developments and their purchase assistance schemes, visit www.bovishomes.co.uk