The plight of first time buyers has been extensively reported in the press over the past few years, thanks to the high levels of deposit required making it all but impossible for many buyers to raise the sums to buy their first home. Such stories may become a thing of the past in Kent however, thanks to the new 95% mortgage which only requires 5% deposit and is available to first time buyers as well as existing homeowners.

Buyers at Crest Nicholson’s Liberty Park development in Wainscott can purchase a new home with just over £6,000 deposit; a far cry from the £43,300 national average deposit currently required of first time buyers*. One young couple to benefit from the NewBuy mortgage is Daniel Gamble and Leah Rattray, who have just moved into a three-bedroom house at Liberty Park.

“We had been renting together for several months but, after paying rent and bills, we were finding it impossible to put aside very much money at all each month,” said construction manager Daniel (25). “In order to save as much money as possible, we each moved back with our parents for a few months. Even with our reduced monthly outgoings, if it hadn’t been for NewBuy, we wouldn’t have been able to get onto the property ladder for another few years at least. To save 20%-25% deposit – which is what most lenders are asking for these days – would have been beyond us for a very long time. NewBuy enabled to us to properly start our lives together.

“We had been vaguely aware about 95% mortgages but it wasn’t until we visited Liberty Park and spoke to the sales team there that we realised that, not only were we eligible, but that we could afford to buy a three-bedroom house, which is fantastic for our first home. The whole process was very smooth and extremely easy. Crest Nicholson put us in touch with independent financial advisors who took us through our options and made everything really clear. We moved into our house in the middle of February, just eight weeks after first seeing it.”

Leah (23), who works in customer service, continues: “Living here is even better than we thought it would be. We both work long hours so buying a brand new home has meant that in the evenings and on weekends, we can just enjoy being together in our new home. We haven’t had to do any renovation or repair work; we haven’t even had to lift a paintbrush!

“We had looked at other new developments in Dartford and Gravesend but they weren’t very impressive and they really didn’t compare to Liberty Park. The other new houses were extremely small – not just the room sizes but there was no storage space at all. The space in our house at Liberty Park is great and the build quality is really high; we’ve certainly got really good value for money here.

“Another plus for us is the location. I work in South London and Daniel works in North London so to have the A2 and the fast train services from Strood so nearby is brilliant.”

Daniel concludes: “We’re both really happy here. I’m really pleased that NewBuy exists; without it, we would still be living at home and scrimping to save all our money. Now, we own our own home and can invest in our future, rather than paying someone else’s bills by renting. NewBuy can help a lot of people in a similar situation; people really should investigate further and find out how they can own their own home for a fraction of the usual deposit.”

NewBuy, a government-back 95% mortgage product which is available to first time buyers and existing homeowners, is available on one and two-bedroom apartments, two-bedroom coach houses and two, three and four-bedroom houses at Liberty Park.

Prices start from £123,500, meaning buyers can purchase a new home with just over £6,000 deposit.

Liberty Park is located on Hoo Road in Wainscott. The development is well located and offers very good commutability to London and the wider Kent area. Nearby Strood Mainline Station provides a fast train on the High Speed 1 line to St Pancras in just 32 minutes. The station also offers efficient services to London Bridge, London Waterloo East and London Charing Cross in just over an hour and good access to the M2 motorway and A2, which are just minutes away.

For further information please contact Crest Nicholson at the Sales & Marketing Suite, Hoo Road, Wainscott, Kent ME3 8FB, open daily from 10am-5pm, on 0870 752 4382 or visit