What's on offer - Help with your deposit
If you're a first time buyer we could help you move with our deposit match and shared equity schemes.
Deposit match
We all know it's not easy to get a mortgage these days. But if you come to us with 5% deposit and we could match it with another 5% of our own. It's as simple as that.
Shared equity
Alternatively, if you have a 5% deposit, we could offer you an interest free loan of up to 75% of the price of the property for up to ten years. This is only repayable when the property is sold or transferred.
Get on the ladder with help from family or friends.
Saving a deposit in today's market can be tough, but our great new Parent Power scheme could be the key to a home of your own.
With Parent Power, your family (or friend) can help you pay a deposit of up to 20%. So, you can move into your first home, while your family receives a healthy return on their own investment.
To reward your family's investment, we could provide an interest payment of 5% on your family's share of the deposit, over 5 years. As an example, if a family member paid the full 20% deposit of £24,000 on a purchase price of £120,000, 5% interest would amount to a £6,000 return.
Alternatively, if your parents decide to re-mortgage to help you raise your deposit, we could pay their re-mortgage fees - up to 5% of the purchase price of your new home.
If you and your family think Parent Power could help you make your first move, ask one of our sales advisers for more information.
