Home offer aims to help people move up the ladder

POTENTIAL homeowners looking to get on the property ladder in Cramlington are being offered a helping hand by one developer.

Miller Homes is offering 95 per cent mortgages with its Home Exchange scheme, and one of the developments included is Alexandra Chase in Cramlington.

It means anyone looking to buy a new house will only need a five per cent deposit using the government-backed NewBuy scheme.

Steve McElroy, north east sales director at Miller Homes, said: “We are delighted to be able to offer Home Exchange, our part exchange scheme, with the 95 per cent mortgage scheme NewBuy.

“With many second purchasers facing negative equity and unable to move because they will only have a small deposit or cannot sell their home, this enhanced incentive will provide a realistic chance of them being able to move further up the property ladder.

“We view this as a positive step towards boosting the market at all levels.”

For more on the offer visit www.millerhomes.co.uk