Help to Buy helps Hannah and James climb the ladder in North Yate

Latest figures reveal that nearly 2,000 homebuyers in South Gloucestershire have used the Government’s Help to Buy scheme since it was launched.

Among them is local couple Hannah and James Southall, who have moved into David Wilson Homes’ new Ladden Garden Village development in North Yate after using Help to Buy for a second time.

Hannah (30) and James (29) say it’s helped them get further ahead than they could have without the scheme. “With the incentives of Help to Buy it meant we were able to get further up the property ladder than we would have with an older house,” Hannah said. “It’s also meant that we have had lower mortgage repayments which has then made it possible for us to save and buying a bigger next house more financially viable.”

James added: “We would recommend HTB to others, it has been very beneficial to us as we would not have been able to buy the house we have today or be in the position on the property ladder that we are without it.”

 

The Help to Buy scheme

According to latest Government figures, 1964 people in South Glocuestershire have used Help to Buy since its inception in April 2013.

Help to Buy allows any homebuyer to secure a brand-new home under the value of £600,000 with just a five per cent deposit. The government lends the buyer 20 per cent of the value of the property in the form of an interest free equity loan for five years, meaning that buyers then gain access to some of the great mortgage rates currently available with just a 75 per cent mortgage. Available to all homebuyers, not just first timers, the scheme helps anyone looking for a boost up the property ladder.

 

Benefits of a new build

For Hannah and James, a new build home was always the dream. “We lived in a new build before and we love the modern style of new builds,” Hannah said. “It’s great to be able to put your stamp on a new home without having to worry about renovating or modernising existing parts of the house. You have a blank canvas which you can make your own.”

Living in a new build has also helped the couple save money when it comes to energy bills. “Because new builds are really well insulated and are energy efficient our bills are lower than what they would be on an older property,” James added.

James and Hannah are among the first people to live in David Wilson Homes’ brand new Ladden Garden Village development in Yate. James said: “We love the location of our house within the development. There is so much green space around and we didn’t have a garden in our old house so love that we have one in this house.”

Hannah added: “I grew up in Brinsham and have always loved the area. My parents still live around the corner and my brother has just bought a house close so we will be closer to them which is lovely. It is also an easy commute for both of us for work.”

 

A new community in North Yate

Ladden Garden Village forms part of a new community in North Yate, with a range of two, three and four bedroom homes. As part of this exciting new neighbourhood there will be a primary school, nursery and local centre, as well as large areas of open space and sports pitches. New offices will also create plenty of employment opportunities.

Current availability at Ladden Garden Village includes the three bedroom Ashurst, Greenwood and Hadley house designs, priced from £310,000, £325,000 and £365,000 respectively, and the four bedroom Ingleby, Cornell and Holden homes, from £370,000, £460,000 and £485,000.

Find out more from buyers at Ladden Garden Village