Turning Generation Rent Into Generation Buy | Mulgrave Properties
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Turning Generation Rent Into Generation Buy

Plenty of obstacles can hinder prospective homeowners from securing their dream abode. That’s why we’re offering an additional helping hand with the Mulgrave Generation Buy benefit, following the Chancellor’s announcement of the 95% Mortgage Guarantee Scheme from 1st April, aimed at turning “generation rent into generation buy”.

Our collection of specially selected “Generation Buy” properties are currently available across our developments in Harrogate and Pocklington. Where our homes are not only obtainable with just a 5% deposit, but also offer the added convenience of fully integrated kitchen appliances, including a dishwasher, fridge freezer, washing machine, floor coverings and blinds - and there’s absolutely no legal fees or Stamp Duty to pay!

The Government’s new Mortgage Guarantee Scheme has been designed for anyone who many have found it particularly difficult to save for a new home during the Coronavirus outbreak, when fewer low deposit mortgage deals have been available. Our hope is that this supplementary incentive will particularly help first-time buyers who were affected by the withdrawal of low deposit mortgages at the start of the pandemic. With numbers in the UK decreasing significantly in the first half of 2020 and falling below the half year average since 2016. This is in stark comparison to 2019, in which there were an estimated 357 thousand first-time home sales throughout the nation.

Commenting on the Mulgrave Generation Buy scheme, our Head of Sales, David Smith says:

“Here at Mulgrave Properties we very much welcome the Chancellor’s announcement of a 95% LTV mortgage guarantee scheme, not only for first time buyers, but for existing homeowners alike.

“We understand that navigating the real estate ladder can be difficult, especially with all the associated set-up costs and hope that our selected properties will enable anyone interested to get off to a great start. But we have only a limited number available and therefore I would urge you to choose your plot now, in readiness for the official Government launch.”

Mulgrave’s 3 bedroom Generation Buy homes start from £289,950 at Barley Folde in beautiful Pocklington and £324,950 at Whinney Fields in the wonderful market town of Harrogate. For further information, you can speak to our Sales team on: 0333 3702505/0333 3702507. We are also currently offering zero Stamp Duty and part exchange on all properties ready to move into by the end of September 2021.