Taylor Wimpey achieves further NewBuy success

Date: Wednesday 04 July 2012

Taylor Wimpey is maintaining its strong sales momentum through the Government-backed NewBuy scheme, breaking through the 200 sales mark only weeks after reaching 100 sales. Taylor Wimpey’s achievement represents almost one-third of the total sales using the scheme, which only launched in March 2012.*

NewBuy is continuing to be well received by both first and second time purchasers. The scheme means credit-worthy first time buyers may now only need to save a 5% deposit before they can get on the property ladder. In addition, home movers with limited equity in their existing house will also benefit from the increase in availability of 95% loan to value mortgages.

Kevin Belsham, national sales and marketing director for Taylor Wimpey said: “The fact that we’ve already reached 200 sales through NewBuy at Taylor Wimpey is testament to our commitment to supporting home buyers by enabling them to move affordably. The scheme has been an invaluable selling tool as it has supported many types of home mover, including first time buyers and those moving up the property ladder.

“Since its launch, NewBuy is now being offered by five mortgage lenders and over 15 house builders, demonstrating the industry’s dedication to assisting new house hunters achieve their goal of home ownership. I strongly believe over the coming years, the scheme will continue to be a great asset to both home movers and the construction industry alike.”

For further information on NewBuy and the homes available, please visit www.taylorwimpey.co.uk/newbuy to view the ‘Explaining the NewBuy Scheme’ video.

* Figures released by the Home Builders Federation on 22nd June 2012 announcing 600 people have reserved new homes through the NewBuy scheme since its launch