October 13, 2016
selected branch: Sunderland
The Help to Buy Scheme has now closed to new applications. Builders may be offering shared equity and other promotions, but these are not backed by the Government, as Help to Buy was.
For first-time buyers, saving enough money for a deposit can be a huge hurdle to overcome before you can buy your first home.
The government has recognised this and introduced the Help to Buy scheme, which makes it easier to get together enough money for a deposit. It means that you can buy a home with as little as a 5% deposit, and the mortgage repayments will be lower than they would be with a standard mortgage arrangement as the loan is interest-free for the first five years.
The scheme is open to both first and second-time buyers. There are lots of Help to Buy houses available across Sunderland, so you’re bound to find your dream home – read on to check out what properties are available in the city.
To make your search easier, we’ve put together a list of Help to Buy houses in Sunderland, broken down by area.
Central Sunderland
Be right in the heart of the action with a house in central Sunderland. There are lots going on in the city centre, and it’s the place to be for lovers of art, culture, food & drink. It’s easy to get around in the city, with good bus links and the Metro taking you out to the coast and to Newcastle in just 30 minutes.
Help to buy properties available: None available currently
North East Sunderland
Including the desirable areas of Fulwell, Seaburn & Whitburnnorth-east Sunderland is a great location to buy a house. You’ll have two stunning beaches right on your doorstep, as well as easy transport links into the city centre.
Help to buy properties available: None available currently
North West Sunderland
The north-west area of the city includes Downhill, Town End Farm and Hylton Castle Estate. It’s located close to the A19, making it easy to get to locations both north and south of the city, including Teesside and the Tyne Tunnel.
Help to buy properties available: None available currently
South East Sunderland
To the south-east of Sunderland, you will find areas such as Ryhope, Doxford Park, Grangetown as well as smaller settlements which make up the residential outskirts of the city. This area is perfect if you’re looking for the close-knit community of a smaller town combined with the amenities of a bigger city.
Help to buy properties available: Burdon Rise
South West Sunderland
The south-west area of Sunderland is a desirable area to live and includes The Herringtons and Philadelphia, all residential villages with a quiet, countryside feel. This is a great choice in which to buy a home, especially for families, thanks to a number of highly-rated schools and good local amenities.
Help to buy properties available: Potters homes
If you need advice for first-time buying in Sunderland – or if you’re looking for a reliable mortgage broker in the North East – don’t hesitate to contact us today.
We’re experts on all things mortgage-related (and our services are always 100% free to you).
October 13, 2016
October 13, 2016