25 September 2019
Help to Buy gives buyer a boost onto property ladder in his home town
The Help to Buy scheme has given a first-time buyer in Cheshire the chance to buy a home in the town where he grew up.
When Tom Gillespie (27) visited the sales centre at Jones Homes’ Barrington Park development in his home town of Alsager, he never imagined he would have been able to purchase his very own two-bedroom property there.
The scheme enables homebuyers to purchase a new build property with a five per cent deposit and a 75 per cent mortgage. The remaining 20 per cent is provided in the form of an equity loan from the government, which is interest-free for the first five years of home ownership.
Tom, who works in marketing, said: “I couldn’t have done this without Help to Buy. By using the scheme, I was able to put down a much smaller deposit which meant, not only could I move out much sooner than I expected, but I also had money to use on making the house a home.
“It meant I didn’t have to settle, as with the extra help I could afford a bigger home which I will be happy in for years to come.
“The moment I stepped into the sales centre at Barrington Park, I felt at ease. The development itself had a warm and welcoming feel, and the staff were brilliant through every stage of the buying process. I remember walking away and knowing I’d made the best decision.
“Buying a home is supposed to be stressful but my experience was so straight-forward, and I definitely have Jones Homes and Help to Buy to thank for that.”
Jones Homes is building a range of two, three, four and five-bedroom homes at Barrington Park.
More information on the homes available can be found at jones-homes.co.uk.