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"The Fairview New Homes developments, Pulse and Rhythm, have become the first in the country to offer prospective home-buyers funding from a new challenger bank through the government’s mortgage guarantee scheme, NewBuy.
"NewBuy is the government-backed initiative designed to help overcome the deposit gap faced by many new home-buyers. It is aimed at both first-time buyers and those who already own a home, who only have funds for a 5-10% deposit.
"For buyers meeting their qualifying criteria, the lenders participating in the scheme will provide a 90-95% loan-to-value mortgage which is guaranteed by the government."