First twelve months' mortgage paid for on new Merseyside homes

By Kate Lally

A Merseyside property developer says it will cover people's mortgage payments for the first year.

The offer is available for new homes in Southport and Formby, built by David Wilson Homes earlier this year.

The developer says it will cover all mortgage payments for twelve months if homebuyers reserve a property by the end of September.

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A range of three and four bedroom homes are available - having recently been completed at Pavilion Gardens in Southport and Pinewood Park in Formby.

Pinewood Park sits off Liverpool Road near the Formby Bypass, with homes listed between £290,000 to £460,000.

Pavilion Gardens is located at Blowick Moss Lane in Kew and homes start at £145,000.

David Wilson Homes says the "sizeable reprieve" gives potential new owners "the freedom to stamp their own mark" on their home immediately.

Instead of money going towards a mortgage, it could go towards other furniture and alterations, the developer says.

Philippa Stewart, from David Wilson Homes North West, told the ECHO : “We really want to encourage positive, vibrant communities and these offers provide the perfect opportunity to make that dream home easier to achieve.

“These are homes that we are extremely proud of and invite anyone interested to book an appointment to meet with us to discuss further.”

The stamp duty holiday deadline ends on September 30, following more than a year of relief in an attempt to boost the housing market due to the coronavirus pandemic.

Chancellor, Rishi Sunak, introduced the temporary tax break in July 2020, saving buyers from paying stamp duty on any properties valued at up to £500,000.

Since June 30, this has been lowered to any homes at up to £250,000.

Stamp Duty, a tax which must be paid if you buy a house or piece of land over a certain price, has previously been paid on properties worth £500,000 or more.

From October 1, this will be reduced to £125,000 - meaning buyers who are looking to purchase a property worth that value or more will have to pay the tax.

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