First-time buyers in Buckinghamshire will have an opportunity to take their first steps on the property ladder next month, following the introduction of a new government-backed Help to Buy scheme.

The newly launched 5% deposit scheme is now exclusive to first-time buyers and is available with new homes which are built after 1st April 2021.

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It has been planned with regional price caps in place which limit the price on Help to Buy homes, which in the South-East is £437,600.

This means that homebuyers in and around Buckinghamshire will be able to purchase a range of new homes with the support of Help to Buy, which will run until 31st March 2023.

Leading independent housebuilder Dandara is fully registered with Help to Buy and ready to assist prospective first-time buyers at its new home development in Buckinghamshire.

Simon Pendlebury, Sales and Marketing Director for Dandara Northern Home Counties, said: “The scheme is a fantastic stepping stone for those looking to purchase a new home with just a 5% deposit and a 75% mortgage as it helps make monthly mortgage payments more affordable.

“It also provides the opportunity for young couples to secure a first home together and allows renters to find their own home.

Local housebuilder Barratt David Wilson North Thames is also registered with Help to Buy for its new home developments throughout the county.

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Karly Williams, Sales Director at Barratt David Wilson North Thames, said: “The launch of this new first-time buyer-focussed Help to Buy scheme is one to be welcomed in Buckinghamshire.

“As well as reducing the upfront deposit typically required for those first-time purchasers, it helps make monthly mortgage repayments more affordable – especially when compared with rates typically available with a 95% mortgage.”

“Help to Buy will prove especially appealing to those who have limited access to the Bank of Mum and Dad, as well as those who may be caught in the rental trap and finding it hard to make additional savings.”