A SOMERSET housebuilder is helping homebuyers get on the ladder by offering up to £15,000 when they purchase one of Bellway's Cheddar properties.

The cashback incentive offer launched on Boxing Day and will run to the end of January.

It is valid on selected plots at Bellway's Peregrine View development in Cheddar, many of which are modern and energy-efficient.

The Watt a Save report published by the Home Builders Federation in July 2023 states that living in an energy efficient new-build house could save you an average of £2,200 a year on your fuel bills when compared to an older property of a similar size.

Tim Lund, sales director for Bellway South West, said: “Anyone who has decided that 2024 is the year they will move into a modern, energy-efficient and stylish new-build home would do well to take advantage of this great offer.

“It could make all the difference to the choice of which property to buy and give customers money for extras such as furniture and décor for their new home.

“The scheme is open to all, but I think it will be especially beneficial to first-time buyers as £15,000 is a real boost to their buying power and could make all the difference.

“Promotions such as this allow people to walk confidently into the process of buying a new home – understanding that it’s an attainable goal.”

This isn't the first time that the company has helped people get on the property market.

A previous deposit contribution scheme, called Your Home, Your Way, helped couple Paul and Harley Hoather purchase their first home together.

The couple were given a £14,000 deposit contribution from the developer which enabled them to secure a three-bedroom detached house at Bellway’s Westburn development in Callerton, around five miles west of Newcastle.

Technical consultant Paul, 41, said: “We have only been together for four years and did not have enough of a deposit to allow us to get a mortgage rate that would be manageable for us.

“When we spoke to the sales advisor Jenna, we could not believe our luck. She said that Bellway would give us this deposit contribution which meant we could put down a 10 per cent deposit and get a mortgage deal with affordable monthly payments.

“Once we had done the figures, we realised we could afford to go for a three-bedroom detached Carver house which ticked all our boxes.”