Thinking of Moving to a New Build in County Durham? We’ll Be at Windlestone Point This Weekend

If you’ve been thinking about buying a new build home in County Durham — whether you’re a first-time buyer, a home mover, or someone who thought they couldn’t afford to make the leap — this weekend is the perfect opportunity to get expert, face-to-face advice with no obligation.

The team at Mortgage Pathways will be on-site at Windlestone Point, Miller Homes’ stunning development in Chilton, County Durham, this Saturday 30th May for their Home Mover Event. Come and find us — we’d love to chat.

What Is Windlestone Point?

Windlestone Point is a development of energy-efficient 2, 3, 4 and 5 bedroom homes set on the northern edge of Chilton, a thriving village community between Durham and Darlington. With prices from £180,000 and easy access to the A1(M), it’s attracting huge interest from buyers across the North East.

Miller Homes are currently offering some standout incentives, including up to 5% towards your deposit or stamp duty, carpets included on reservations by 10th June, and part exchange options for those with a home to sell. It’s a genuinely exciting time to be looking at this development.

Why Come and See Us This Weekend?

New build mortgages are a specialist area — and that’s exactly what we do. The mortgage process for a new build property is different from buying an existing home, and having the right broker in your corner from day one makes a real difference.

Here’s what the Mortgage Pathways team can help you with at the event:

• Understanding your buying options — from standard mortgages to specialist new build products
• Explaining how developer incentives work — and how they interact with your mortgage
• Exploring home exchange — if you have a property to sell, we can walk you through how this might work alongside your finance
• Getting you mortgage-ready — so when you find the plot you love, you’re not starting from scratch

No Deposit? Here’s Something You Need to Know

One of the most common barriers to buying a new home is the deposit. Saving tens of thousands of pounds while paying rent is tough — and many buyers simply feel it’s out of reach.

But here’s the thing: you may not need a cash deposit at all.

Through Perenna, a specialist new build mortgage lender, it’s now possible to purchase a new home using a 5% deposit contributed by the developer. That means if Miller Homes are offering a deposit contribution on your chosen plot, Perenna can use that as your full deposit — leaving you only needing to cover your legal costs.

No years of saving. No waiting. Just your new home.

This is a genuinely game-changing product for buyers in County Durham, and it’s one of the options we’ll be talking through on Saturday.

Come and Find Us at Windlestone Point

When: Saturday 30th May, 11am – 3pm Where: Windlestone Point, Off West Chilton Terrace East, Chilton, County Durham, DL17 0EH

No appointment needed — just come and find us on site. Whether you’re at the very start of your thinking or you’re ready to move quickly, we’re here to help you understand your options clearly and confidently.

New build mortgages are what we do. We know the process, we know the lenders, and we know how to make your move as straightforward as possible.

We’ll see you on Saturday.

Well, at the time of writing, it’s two weeks today since the result came in that, as a country, we voted to leave the European Union, and it is clear that we are now in a slightly more topsy turvey world.

The positive is that there has been no negative effect as yet on the housing market. While commercial property and the London market show signs of being negatively affected, what I have seen so far for normal people on the street, has only been positive where mortgages are concerned.

Ultimately we all still need somewhere to live, this means that people like you and I are continuing to buy and sell houses. Young people still need to get on the housing ladder, families still need to move into bigger houses as their family grows and older people will continue to want to downsize as the family home gets too much to manage after their children have flown the nest.  In addition, with the stock market rising and falling at a rate that would rival any roller coaster, people still want to invest in property to let out as housing is starting to look like a safe bet.

The good news is that lenders still have a lot of money to lend and mortgage rates have actually dropped in the past two weeks.  Since the Brexit vote fixed rates have fallen and are expected to drop to under 1% in the next week or two.

Other lenders have introduced cheaper ranges of buy-to-let mortgages, which means that it now costs less per month when you buy a house to rent out.

At the same time some lenders want to offer certainty in this uncertain world and several have introduced ten year fixed rate mortgages. This means the people taking out these mortgages will know exactly what they are going to pay over the next ten years.  Therefore even when mortgage rates rise, which they inevitably will do in the longer term, mortgage holders with ten year fixed rates, will still be paying the same low rates that they are now.

So why are lenders suddenly cutting their rates?  The fact is that most lenders get the money they lend from the money markets from what are called ‘swap rates’, and the rates here have fallen, so lenders can pass the savings on to the public.  In addition, there is a wide expectation that the Bank of England will cut the base rate of interest and will put more money into the markets.  All of this is good news for borrowers.

As with everything at the moment, no-one knows how long this is going to last, so if you are thinking of getting onto the housing ladder – or if you haven’t looked at your mortgage rate for a while, now is a good time to give us a call as you could be saving money using our fee free re-mortgage service, not only now but for the long term too.