Salford buyers may be able to secure a brand-new home with zero savings due to a property development company’s generous deposit contribution.
Countryside Homes, part of Vistry, has launched a limited-time incentive at its Salford housing development, The Fairways at Brackley Village, with a 5% deposit contribution.
According to North West-based Kemp & Co Mortgage Advisers, Countryside’s new offer could enable prospective buyers to access an affordable mortgage with little or no deposit required.
Situated on Salford Road in Little Hulton, The Fairways at Brackley Village is offering a collection of three and four-bedroom homes, available for first-time buyers, growing families and those looking to downsize.
Buyers are invited to view the development’s three stunning show homes, with prices at this development starting at £299,995.
Ian Kemp, Mortgage Principal, said: “In recent months, we’ve seen a shift in the mortgage solutions available, with lenders returning to high loan-to-value products, specifically competitive 95% mortgages. Historically, securing a home meant saving a large deposit, which remains the single biggest barrier for many buyers. Today, accessibility has vastly improved.
“By pairing 95% mortgages with Countryside’s fantastic 5% deposit contribution and the lower running costs of an energy-efficient new build, the barrier to entry for first-time buyers and upsizers has now dropped considerably.”
Deborah Hughes, Sales & Marketing Director at Vistry Manchester and Cheshire East is looking forward to welcoming new buyers to the growing neighbourhood.
She said: “Saving for a deposit is usually the biggest hurdle first-time buyers face when trying to get onto the property ladder, which is why we’re doing all we can to make things easier.”
You can book an appointment at the Fairways at Brackley Village in Salford here.
