Leading homebuilders Barratt Homes Northampton and David Wilson Homes South Midlands are breaking the myth that renting is the cheaper option for Northamptonshire residents.
Monthly renting costs are often higher than mortgage payments now interest rates are at an all-time low and the first step onto the property ladder may be more manageable than many people first think.
A recent survey conducted by the developer has found that 44% of Northamptonshire residents believe that mortgage repayments are less than monthly renting costs and now is the perfect time to take advantage of low interest rates and buy your first home.
The homebuilder is also reminding those choosing between renting and buying of the benefits of owning a property, which include a sense of security, the freedom to make your house a home and knowing your money is going towards a financial investment.
Jason Hearn, Sales Director at David Wilson Homes South Midlands, said: “Purchasing your first home can seem daunting but for many people it may be more achievable than it seems. With no Stamp Duty to pay for first time buyers on properties up to £300,000, low interest rates and initiatives such as Help to Buy, now is the perfect time to make your first move.”
Help to Buy is a boost for those looking to buy a property under £600,000. Under the scheme property seekers can purchase their new home with a low 5% deposit and 75% mortgage, with the remaining 20% made up from an equity loan provided by the government.
Barratt Homes Northampton Sales Director Alison Raine added: “We want to change the perception that buying a home is out of reach and are asking first time buyers, why rent when you can buy? It is not the case that renting is more expensive than buying and monthly mortgage repayments can be less than rent.
“I would encourage anyone interested in owning their own home to visit our expert sales advisers at our developments to find out about all the advantages of buying a home with the Help to Buy scheme.”
Barratt Homes is currently building homes at the following developments in Northamptonshire: Lyveden Fields and Lake View in Corby, Saxon Rise in Brixworth, and The Brackens in Brackley.
David Wilson Homes is currently building homes at the following developments in Northamptonshire: Bertone Manor in Barton Seagrave, The Gateway at Priors Hall Park in Corby, Radstone Fields in Brackley, The Avenue in Overstone, The Wickets in Earls Barton and The Nurseries in Thrapston.
For further information about any nearby developments, please call the David Wilson Homes sales team on 0844 811 4477 or the Barratt Homes sales team on 0844 811 3399. Alternatively, you can visit www.dwh.co.uk or www.barratthomes.co.uk.