Help to Buy Wales makes the move from renting to owning a four-bedroom house possible
First-time buyers from Newport couldn’t
believe their luck when they realised they could afford a new four-bedroom Bellway home in Rogerstone. Fiona Burton (32) and her fiancée Louis Gray (27) used Help to Buy Wales to move out of the three-bedroom house they were renting and into their first home, a four-bedroom property at Sovereign Chase, off Tregwilym Road. Help to Buy Wales, which was launched in January 2014, has been used to purchase over 6,400 homes since its inception. Te Welsh Government-based scheme allows buyers to purchase a new-build property with a five per cent deposit and a 75 per cent mortgage. Te remaining 20 per cent is provided in the
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form of an equity loan which is interest and repayment free for the first five years of home ownership. Fiona said: “We always wanted to buy a Bellway home, so much so that we didn’t even look at any other housebuilders, but we never thought we would be able to afford one at Sovereign Chase. “It wasn’t until we visited the marketing suite and spoke to the sales advisors that we realised by using Help to Buy Wales, we could buy a home that would suit us now and in the future. We really felt like we had lucked out by securing a four-bed property as our first house. “Te layout is great as we have an open-plan kitchen and dining room, with patio doors
leading out into the garden, so it feels really spacious. Te lounge is also a lot larger than we had thought, which is a massive bonus.” Te pair, who moved to the development in June, were surprised by how easy the buying process was. Fiona said: “Te whole process from start to finish ran smoothly and we were so impressed by how straightforward it was. Nothing was ever too much for the sales advisors and they have been so caring throughout.” Bellway is building a range of two,
three,
four and five-bedroom homes at Sovereign Chase. Four-bedroom properties are currently available from £318,995, with more information at
bellway.co.uk.
New Homes Wales and the South West
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