BELLWAY has launched a new scheme which could save house buyers up to £18,000.

The national housebuilder started its mortgage contribution campaign today (Friday, September 8). This will finish on Thursday, November 30.

The incentive is designed to help buyers secure their dream home. Developments taking part include Peregrine View in Cheddar and Mead Fields in Weston-super-Mare.

Oliver Newick and his family were able to buy a four-bedroom Scrivener house at Bellway’s Oxenden Park development in Herne Bay because of a similar scheme which finished in March. 

Oliver, a senior design manager, said: “We were overjoyed to be able to reserve our four-bedroom dream home.

“We would not have been able to afford this house if we had not been able to take advantage of the mortgage contribution scheme.”

Tim Lund, sales director for Bellway South West, said: “With the launch of our new mortgage contribution scheme, we are offering our customers significant support in the purchase of their new-build home.

“Following the end of the Government’s Help to Buy initiative in 2022, it’s been imperative for us to continue to look for ways to help buyers, with a particular focus on those looking to get onto the property ladder.

“Those looking to find a larger home, downsize or even relocate will also feel the benefit, as we build homes for a variety of buyers from all walks of life.

“I would encourage anyone interested to get in touch with the developments as soon as possible to find out more.”

If you choose to take advantage of Bellway's mortgage contribution offer, you will also be able to benefit from living in an energy efficient new build house, which is estimated to save you an average of £1,620 a year on your fuel bills when compared to an older property of a similar size.

This is according to the 'Watt a Save’ report published by the Home Builders Federation on July 3, 2023.

All new Bellway homes will now also have Google Nest thermostats as standard. Testing by Google has shown that this can reduce energy bills by up to 16 per cent.