Help To Buy At Housebuilder’s Homes In The North East

Posted 19 April 2021 by Keith Osborne

Barratt David Wilson is offering a range of homes in the region which qualify for the re-launched Help to Buy scheme...

First-time buyers in the North East have an opportunity to take their first step on the property ladder in 2021 following the launch of a new government-backed Help to Buy scheme, which Barratt Homes’ is offering at numerous developments across the region.

The new scheme is exclusive to first-time buyers and is available on new properties that are built after 1st April 2021. There are also regional price caps which limit the price on Help to Buy homes, which for the North East region is £186,100.

With Help to Buy, buyers are able to purchase a new home with just a 5% deposit and a 75% mortgage. The remaining 20% is funded by an equity loan, interest-free for the first five years and repayable on the sale on the home.

Fenton Hewitt, sales director at Barratt Developments North East, said: “The launch of the new Help to Buy scheme has arrived at an opportune time for first-time buyers looking to begin their journey as a homeowner. The government-backed scheme is a fantastic stepping stone for anyone looking to get on the property ladder with just a 5% deposit, providing an opportunity for young couples to secure a first home together, or allowing renters to find a home of their own.

“We have a selection of properties with Help to Buy available at our developments across North East and we’re looking forward to assisting property seekers with their move.”

Barratt Homes and David Wilson Homes are both ready to assist prospective buyers at its developments across North East and are encouraging those interested in securing a new home to book an appointment with a sales adviser.

Here are just a few of the Barratt Homes and David Wilson Homes developments where Help to Buy is offered:

At South Fields, Morpeth, two-bedroom terraced and semi-detached homes start at £172,995.

At Merrington Park in Spennymoor, three-bedroom terraced and semi-detached home start at £154,995.

At Burton Woods, also in Spennymoor, qualifying three-bedroom homes start at £149,995.

At Elwick Gardens in Hartlepool, two- and three- bedroom houses start from £149,995.

At Bedewell Court in Hebburn, prices for three-bedroom terraced homes start at £188,995

At Cherry Tree Park in Ryhope, two-bedroom terraced houses start at £169,995.

Alternatively, first-time buyers can ask about houses available on a ‘part buy-part rent’ basis through the Home Reach initiative.


Find out more about all Barratt Homes developments in the North East of England.

Find out more about all David Wilson Homes developments in the North East of England.


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