Mortgage approvals buck the Brexit trend in Leicestershire

A bird house that looks like a new home

It appears that Brexit hasn’t put off home buyers in the East Midlands following the news that between April-September developer Jelson Homes has processed 76 mortgage transactions, with 68 of them (89%) attributed to Help to Buy.

Jackie Woodward, sales manager for Jelson Homes, comments: “The Government-backed scheme is proving pivotal to help our buyers move on to and up the property ladder." “Even though there was wide-spread fear during the frenzied days following the shock decision to leave the EU, the dust settled rather quickly among our buyers who went back to the business of home purchasing rather quickly, especially knowing that they could still reap the benefits of the Government-backed loan for their next new home.”

“Furthermore, with the average age of our home buyers being 32, and 67% being first-time buyers, it’s encouraging that many are recognising the benefits of buying new when compared with renting.”

“As we now move into what is traditionally a slower part of the year for all those wanting to move on and further up the property ladder, we are still expecting a steady pace of buying activity especially as a number of our sites now have homes ready to move into for the Christmas and early part of the new year.” Jelson Homes is currently building at developments right across Leicestershire. 

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Meridian Mortgages work independently from Jelson Homes. Jelson Homes does not engage in financial services activity and is not responsible for any information or advice provided to you by Meridian Mortgages or any other mortgage advisor.

Images and floorplans shown are used for illustrative purposes only and are representative only, some images may be computer generated. They may not be the same as the actual home you purchase, the specification may differ and may include optional upgrades and extras at an additional cost. Individual home features such as windows, brick, carpets, paint and other material colours may vary and also the specification of fittings may vary. Furnishings and furniture are not included. Please check with our sales advisers for details of the exact specification available for each type of home and the associated prices.

Site layouts are intended for illustrative purposes only, and may be subject to change. Trees, planting and public open space shown are indicative, actual numbers and positions may vary. The dimensions shown are approximate and the precise measurements may vary. The prices shown are correct at the time of being published but are subject to change without prior notice.

A number of homes on our developments are designated as affordable homes in accordance with the requirements of the section 106 planning agreement. These are specifically shown on the site plan in grey, these affordable rent or shared ownership properties are marked to make it clear that they are not available for general sale. The location of affordable homes is indicative only. The remaining homes on the development are available for open market sale (including multi-unit sales) to purchasers, who could be private individuals or another type of purchaser (for example local authorities, housing associations or other commercial landlords), and, therefore, the mix of tenures on a development may change.