Rachel Watson & Gary Falconer


First time buyers Rachel Watson and Gary Falconer were able to buy their first home years earlier than expected thanks to the MI New Home scheme, which enables home buyers to purchase with a deposit of just 5%.

Rachel and Gary were among the first to buy in Scotland through MI New Home when they purchased their new home at Barratt East Scotland’s Oakfield Gait development in the coastal down of Dalgety Bay.  The young couple had been renting in Edinburgh and saving for the average 20 per cent deposit required by first time buyers when they heard about MI New Home.

Rachel said:

“We’d been looking to buy a house for a couple of years but could not afford the deposit required then we heard about MI New Home so we started looking at developments in Fife.”

When they visited Oakfield Gait Rachel and Gary realised they could buy a much larger property than they expected. The location was ideal, close to Rachel’s work and giving Gary a relatively easy commute to his job in Edinburgh.

The couple opted for a 4 bedroom detached home, The Hawick, which comes with integral garage, master en suite and family bathroom, but it was the open plan kitchen dining area that won the couple over.

Rachel said:

“The kitchen and dining area was the biggest selling point because it open plan at the back of the house with French doors to the garden.
“We love the location in Dalgety Bay where we are close to beautiful coastal walks which Oscar, our black Labrador, loves. We have a much more relaxed way of living now.”

It’s a change the couple could not have imagined just a year before they moved, as Rachel explains:

“When you are paying rent and bills it’s not easy to get big sums of money together for a deposit. Without MI New Home we would have had to wait another few years so it’s great to have been able to get on the property ladder much earlier.”

Prices at Oakfield Gait start at £201,995 for four bedroom homes. Barratt is offering MI New Home at all their participating developments in Scotland which have qualifying properties.

For more information call 0844 116633 or visit www.barratthomes.co.uk .

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