With property prices set to increase by around 5% this year[1], it is no surprise that the latest figures from the government show that nearly 130,000[2] people across the UK have used the Help to Buy scheme since its introduction in 2013, with more than 90,000 of those being first-time buyers. This figure is now set to rise dramatically with the introduction of the new Help to Buy London scheme, which is helping close the gap for hopeful first time buyers and property ladder climbers in the capital.

Michelle Harris, Sales Director at Bellway Homes North London, said: “The perception among the public of the Help to Buy scheme has changed gradually over the last three years. Due to rising property prices across the UK, prospective purchasers of all ages and walks of life are slowly but surely realising that the scheme does not hold negative connotations but it in fact makes buying a home a possibility for many first time buyers and a lot easier for second steppers!

Michelle continues: “At Bellway North London, we have seen a notable increase in the level of enquiries about properties with Help to Buy, which we feel has been caused by the introduction of the new Help to Buy London scheme. The scheme has already proven extremely popular among aspiring homebuyers stuck in the 'generation rent' trap and struggling second steppers in the capital, with many prospective purchasers now going through the reservation process. The increase in enquires and reservations across our developments in London, means that we are a step closer to making sure buyers are not priced out of the capital.”

Help to Buy London will be available on a range of Bellway Homes' new developments within the capital. To qualify, buyers need a deposit of 5% and a mortgage for up to 55% of the value of the home as the Government will then provide an equity loan of up to 40% of the property's value, which is interest free for the first five years.

Bellway North London's developments in London offering the new London Help to Buy scheme include:

Avedis at The Old Dairy, South Ruislip

Coming soon to The Old Dairy, Avedis is an exciting collection of 163 new homes, by Bellway North London. Launching Saturday 23rd April, Avedis will offer a contemporary mix of one, two and three bedroom apartments comprising carefully considered layouts to make the best use of natural light and space. The same attention to detail is evident throughout, demonstrated in everything from the choice of materials to the stylish appliances in the kitchens and contemporary sanitaryware in the bathrooms. As part of The Old Dairy, a new supermarket, cinema and a number of restaurants are also being built.

Drayton Garden Village, West Drayton

Drayton Garden Village is a vibrant award-winning neighbourhood that has been designed on traditional 'Garden City' principles, and consists of two, three, four and five bedroom new homes. Residents can enjoy an eco-friendly London neighbourhood, surrounded by landscaped open space, gardens, stunning tree-lined walkways and safe spaces for children to play. Guide prices start from £489,995 for a three bedroom home at Drayton Garden Village.

WestSide, Brentford

Situated in the heart of this up and coming area of West London, WestSide offers a range of one, two, and three bedroom apartments. The development is part of the comprehensive redevelopment of the former Alfa Laval complex on the corner of Great West Road and Ealing Road. The collection of 137 apartments offers a wide selection of layouts, arranged over three apartment buildings. The development will also include two new hotels, a car showroom and 4,680 sq m of office accommodation. Prices for the remaining three bedroom duplex apartments start from £599,995.

Bentley Place, Hammersmith

Located in the heart of the exciting London neighbourhood of Hammersmith, West London, Bentley Place is Bellway Homes' latest development of luxury one, two and three bedroom apartments and penthouses.

The new homes are just a short walk from the excellent travel connections offered in Hammersmith Broadway and within close proximity to Brook Green and Brakenbury Village, which are renowned for their cosmopolitan appeal with a range of upmarket cafés, delis and bistro dining, alongside high-end retailers and specialist boutiques. Guide prices start from £599,995 for a one bedroom apartment.

Bellway North London also offer Help to Buy on a range of their developments outside of London. For this scheme buyers need a deposit of 5% and a mortgage for up to 75% of the value of the home. The Government will then provide an equity loan of up to 20% of the property's value, which is interest free for the first five years. New homes include:

Kingswood, High Wycombe

Kingswood comprises a range of two, three, and four bedrooms homes and a large five bedroom detached homes, perfectly suited to all types of buyers looking for a new home in the attractive Buckinghamshire town. All of the homes provide flexible living spaces, finished to a high quality specification with either a garage or off-street parking. Combined with this great location, Kingswood is a fantastic choice for convenient, modern living. The development will also offer residents a tranquil community to live within, surrounded by an area of beautiful woodland making for a peaceful lifestyle away from the hustle and bustle of High Wycombe. Prices for the new homes at Kingswood start from £339,995 for a two bedroom property.

King's Reach, Slough

Set within attractive green surroundings, the new phase of high quality one, two three, four and five bedroom family homes at King's Reach will offer potential purchasers a choice of properties to suit a variety of lifestyles. Prices at King's Reach start from £489,995 for a three bedroom house.

For further information on Bellway's developments, visit www.bellway.co.uk/new-homes/north-london.

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For further press information please contact Lauren Ambrose

at Oracle Group on 020 8394 2821 or email lauren@oraclepr.co.uk

[1] RICS

[2] https://www.gov.uk/government/news/help-to-buy-helping-130000-own-their-own-home