New city housing development is proving popular

Riverside View
Riverside View

A new housing development in Lancaster has become one of the most sought after places to live in the North West.

Riverside View, in New Quay Road, has attracted unprecedented interest from buyers in the region.

House builder Barratt Homes Manchester, received more than 200 enquiries about the scheme at Riverside View since its launch.

The company says that 22 Help to Buy purchases already completed at the development.

Graeme Gibb, sales manager at Riverside View, said: “Help to Buy has had a massive impact on the property market. Without it many people would have been unable to move home or even take their first steps onto the property ladder.

“The scheme has proved hugely popular in Lancashire. Its success at Riverside View shows how much demand there is for new homes in the area and the role Help to Buy is playing in meeting that demand.”

Ali Gammack, a marketing manager from Barrow in Furness and his wife, Brenda, bought their first home together in February this year with the process from purchasing to moving in taking only six weeks.

The Gammacks used the Help to Buy scheme to secure a four bedroom house at the new Riverside View development for £199,995.

The couple, who met in Brenda’s home country of Mexico, had been renting for three years since moving back to the UK together. Ali had only heard of the phrase ‘Help to Buy’ and didn’t fully understand what the scheme could offer and so decided to complete some research of his own.

He said: “At the time we were renting, paying £620 a month. When we visited the development we saw two properties of interest, a three bed and a four bed.

“After doing some calculations and receiving a mortgage quote we worked out that we could have the four bed property we had always wanted, paying roughly £100 less per month.”

After visiting the site on the Friday, Ali and Brenda returned to the development the following Monday and signed for the house.

With Help to Buy, first time buyers or existing home owners can purchase a brand new home, subject to criteria, with just a five per cent deposit, together with a Government backed equity loan of up to 20 per cent, which is interest free for five years.

Further details of the scheme are available at the house builder has also introduced an online Help to Buy calculator. The calculator shows potential buyers which properties would be within their price range if they took advantage of the Help to Buy scheme.

Riverside View will feature 214 new homes and will comprise a mix of one, two, three and four beds with some terraced, semi-detached and detached styles. Newly planted trees and open space will complement the development.