Let's get things moving
First time buyers could buy a new home with just a 5% deposit thanks to government schemes NewBuy in England and MI New Home in Scotland. Both schemes could help you get a 95% mortgage to buy any of our homes up to a maximum value of £500,000 in England or £250,000 in Scotland.
Don’t worry if NewBuy or MI New Home aren’t quite right for you, we have a range of other options that could help. Take a look around and then get in touch with the sales advisers at a development you’re interested in. They’ll be happy to explain more.
Time to leave renting behind
Recent research by mortgage lender Halifax* says “buying a house is now much cheaper than renting”. With interest rates are at their lowest for years†, mortgages are more affordable and approvals are on the up.^
If you need a bit of help getting your deposit together, FirstBuy could be your answer. It's an affordable scheme that allows first-time buyers in England to get a place of their own with a deposit of as little as 4%.
Put simply, under the scheme we join forces with the Government, and lend you up to 20% of the value of the home you'd like to buy. So you could take out a 76% mortgage, with a 4% deposit, and be in your own place before you know it.
Have a read through our guide to FirstBuy for further details, and read the full Terms and Conditions for this offer here.
More support when you buy
Buying your first home can seem a little scary, but we can help you every step of the way. And as a first time buyer there are so many reasons to choose to buy new - for instance our homes come with:
- Our exclusive** 5 year warranty^^ for fixtures and fittings
- A 10 year NHBC structural warranty
- 5 years’ 24/7 emergency cover
And what's more our service and quality has also been awarded the top 5 star rating by the HBF. So you can feel totally confident that you’ve made the right move.
** 'exclusive' refers to the Barratt Developments Plc Group Brands.
^^ Click to read the full terms and conditions
, including what is and isn't included under this warranty.