Leading housebuilder David Wilson Homes heralds the enormous interest in the Government's NewBuy scheme which launched on 12th March.

Around 20,000 potential homebuyers pre-registered their interest on the company's website nationally for the scheme which brings the return of the 95 per cent mortgages for buyers of new homes.

Reportedly the weekly registration rate is now hitting 1,500.

The driving force behind the interest in the scheme is the dramatically reduced deposit needed to buy a new home, providing creditworthy buyers with the best opportunity in five years to get on the property ladder.

Would-be homebuyers are also being given a helping hand by DWH with a helpline - 0844 815 6178 - in order to deal with the increased level of interest.

It has also pledged that its network of mortgage advisers will be available seven days a week so that NewBuy mortgage applicants can get independent advice and a quick decision.

Alastair Parsons, Senior Sales Manager at David Wilson Mercia said: "I would urge anyone interested to contact us as soon as possible. We will explain how the new system will work and talk our customers through the reduced deposit requirements.

"The key thing is that people will no longer need huge deposits of up to 20 per cent.

"Even though house prices have fallen since 2007, not everyone has been able to take advantage because of the hefty deposits which lenders have been demanding ever since the credit crunch began.

"In practice that means that you could buy one of our new homes with a deposit of GBP 9,000."

Speaking on the launch of the scheme, Prime Minster David Cameron commented: "Strong families and stable communities are built from good homes. That's why I want us to build more homes and I want more people to have the chance to own their own home.

"We are acting today across the board to make this happen.

"It's a vital boost to the housing market, giving people good affordable new homes and backing thousands of jobs in construction in the process."

NOTES TO EDITORS:


1) For further information about David Wilson Mercia please contact Hannah  
   Elwell, Director of PR or Sophie Redman, PR Account Executive on 0116 247
   1777 or Hannah@unsworthsugden.co.uk or sophie@unsworthsugden.co.uk.      
2) David Wilson Homes is part of Barratt Group, which sold 11,171 homes in  
   the last financial year, making it the biggest housebuilder by volume in 
   Britain.                                                                 
3) Barratt Group was named Housebuilder of the Year at the Housebuilder     
   Awards 2011.                                                             
4) Barratt Group was awarded a maximum five star rating for the second      
   consecutive year in the 2011 Home Builders Federation Customer           
   Satisfaction Survey.                                                     
5) In 2011 site managers working for Barratt Group won the highest number of
   NHBC Pride in the Job Quality Awards for a record seventh consecutive    
   year.                                                                    
6) Barratt Group is the only housebuilder to guarantee the fixtures and     
   fittings in place at the time of purchase of its new homes for five      
   years.                                                                   
7) For more information on the developments available across the country,   
   visit http://www.dwh.co.uk/ today.

Contacts: Meriden Gate or David Wilson Mercia Hannah Elwell Director of PR 0116 247 1777Hannah@unsworthsugden.co.uk Meriden Gate or David Wilson Mercia Sophie Redman PR Account Executive 0116 247 1777sophie@unsworthsugden.co.uk