Did you know you can now secure your dream new Beal home with just a five per cent deposit?
If saving for a deposit is holding you back from buying your first home, or moving up the property ladder, then we’ve got great news for you!
We’re delighted to announce that we are now able to offer the Deposit Unlock scheme, launched by the housebuilding industry which enables more buyers to purchase a brand new home.
Deposit Unlock is the housebuilding industry’s collaborative replacement for the Help to Buy scheme. The mortgage-backed lending scheme is now available on our full range of homes and across all of our developments.
It means you can buy your perfect new Beal home with just a five per cent deposit, complete with an insurance-backed guarantee and access to competitive mortgage rates from trusted lenders.
Sue Waudby, our Sales and Marketing Director, said: “We’re excited to offer the Deposit Unlock scheme and to be able to provide all the benefits it offers to our customers.
“We know it can sometimes be challenging for first-time buyers to get onto the property ladder, or for existing buyers to take the next step. Deposit Unlock helps make that process more affordable and easier.
“This innovative scheme means our buyers can secure their dream new Beal home with confidence, opening up opportunities which may previously have been out of reach.”
Deposit Unlock has been launched by the Home Builders Federation (HBF), in collaboration with mortgage lenders and the housebuilding industry.
A number of trusted lenders have signed up to Deposit Unlock, including Nationwide Building Society, Accord Mortgages and Newcastle Building Society.
Sue Waudby added: “Deposit Unlock is a new way for buyers to secure a new Beal home, with all the advantages that brings – from cheaper energy bills and minimal maintenance costs, to being able to work with our expert design team to customise your new property to make it perfectly suited to your lifestyle and tastes.
“Choosing a Beal home means you’re investing in a luxurious property, of exceptional quality, highly energy efficient and expertly designed just for you.”
Under the Deposit Unlock scheme, you’ll own 100 per cent of your new home and we’ll insure your mortgage for extra protection and peace of mind.
As an example, if the cost of your new home is £300,000, Deposit Unlock will help you secure your home with a £15,000 deposit – five per cent of the purchase price.
It’s a simple, straightforward process which makes new home ownership more accessible and affordable.
All you need to do is find your perfect Beal home, then we’ll confirm to you and your mortgage advisor that the property is eligible for the Deposit Unlock scheme.
Deposit Unlock provides a replacement by the Government-backed Help to Buy scheme, which came to an end in March. However, unlike Help to Buy, it’s not just available to first-time buyers. Anyone buying a Beal home can benefit.
So, whether you’re looking to buy your first home, or planning to climb the property ladder, Deposit Unlock can help make your move a reality.
- To find out more about our developments and house types, click here or call our sales hotline on 01482 977 776.
- Come and pay us a visit! You can visit our new Design Lounge and Showroom, open seven days a week from 10am to 5pm, to discover the Beal difference. Find us next to the Humber Bridge, at Bridgehead business park, Hessle, East Yorkshire HU13 0GW.