Now is a good time to buy a new North / East Yorkshire home – Mulgrave Properties explains why

Advertisement feature: Weighing up the pros and cons of making your move? Purchasing a new home is a hefty life decision, so it’s only natural to question whether now’s a good time to buy
Ad Feature by Mulgrave Property Group Ltd
Published 17th Mar 2023, 09:45 BST
Updated 17th Mar 2023, 13:34 BST
Which new home, and deal, works for you?Which new home, and deal, works for you?
Which new home, and deal, works for you?

Mulgrave Properties uncovers some of the benefits of buying a new-build property that you may not have considered.

The new homes sector is quickly becoming one of the most exciting areas of the housing market, as buyers discover that the benefits of new-build properties go far beyond the attraction of purchasing something ‘shiny and modern’.

These advantages range from improved energy efficiency and affordability to lower maintenance costs, with new-build homes addressing the needs of the 2023 homeowner - in terms of finances, sustainability and wellbeing.

From improved energy efficiency and affordability to lower maintenance costs, new-build homes by Mulgrave Properties are a great moveFrom improved energy efficiency and affordability to lower maintenance costs, new-build homes by Mulgrave Properties are a great move
From improved energy efficiency and affordability to lower maintenance costs, new-build homes by Mulgrave Properties are a great move

So it’s no surprise that Mulgrave’s new-build developments are quickly becoming some of the most desirable properties on the Yorkshire market - and the time to buy is now.

Energy bill savings

Perhaps one of the most significant benefits of buying a new-build home is energy efficiency.

Unlike existing properties, which were often not designed with energy efficiency in mind, new-build homes are constructed to the latest standards, which is great for both environmental and money-saving reasons.

Mulgrave’s new-build developments are quickly becoming some of the most desirable properties on the Yorkshire marketMulgrave’s new-build developments are quickly becoming some of the most desirable properties on the Yorkshire market
Mulgrave’s new-build developments are quickly becoming some of the most desirable properties on the Yorkshire market

Ranging from A (most efficient) to G (least efficient), an Energy Performance Certificate (EPC) rates a property on how energy efficient it is.

85% of new-build properties built in the year to June 2022 had an EPC rating of A or B, which means that new-build homebuyers in the UK are set to save over £3,100 on household bills per property per year when the Energy Price Guarantee increases from June 2023.

Mulgrave homes coming soon to Tollerton also feature solar panels.

Reduced mortgage rates

Mulgrave Properties uncovers some of the benefits of buying a new-build property that you may not have considered, including the NosterfieldMulgrave Properties uncovers some of the benefits of buying a new-build property that you may not have considered, including the Nosterfield
Mulgrave Properties uncovers some of the benefits of buying a new-build property that you may not have considered, including the Nosterfield

Residential mortgage rates have decreased more than 1.2% since the start of November 2022 and those seeking the security of a fixed rate mortgage could pay £1,308 less each year based on current 2-year fixed rates, and £1,415 less each year for current 5-year rates.

Furthermore, an increasing number of banks and building societies are either providing discounted rates on green properties or beginning to incorporate a property’s EPC rating into affordability calculations.

Therefore, those buying new-build properties are not only financially rewarded throughout ownership of the property, but also at the point of sale as well.

Unique buying incentives

Homes built for a modern life - a typical Mulgrave interiorHomes built for a modern life - a typical Mulgrave interior
Homes built for a modern life - a typical Mulgrave interior

While first-time buyers can benefit from a range of schemes designed to support access to home ownership in Yorkshire, such a 0% Stamp Duty payable, there are also a number of financially attractive options for those looking to move to a new-build from an existing property, like the 5% Market Weighton Deposit Match and part-exchange.

Homes for a modern life

Putting the financial benefits of buying a new-build home aside, Mulgrave developments are built with green space and biodiversity front of mind, to construct wildlife-welcoming communities.

Properties also come with EV charging points fitted and hopes to help reach zero emissions by 2050, which is just one example of how new-build homes are equipped to support the needs of future generations.

No hidden nasty history

Because Mulgrave homes are brand-new, buyers can enjoy modern furnishings and smart technologies, while not having to worry about wear and tear inherited from previous owners.

You can also rest easy in the knowledge that you will not need to upgrade or retrofit your home to keep up with modern standards – with such projects presenting huge practical inconveniences, as well as significant costs of over £70,000.

Chain-free home buying

Research suggests that half of the offers made on current homes do not lead to a sale – the number one reason being an offer falling through in a chain – so not having a whole host of competitors ahead of you when buying new, can be another major advantage.

Visit mulgraveproperties.co.uk to find out more about the savings of a new-build home in Market Weighton, Sessay, Nosterfield and Tollerton, as well as coming soon to Rufforth, Burniston near Scarborough and Shipton by Beningbrough.

Find out more at https://www.mulgraveproperties.co.uk/

Related topics:East YorkshireNorthYorkshire