First Buy Scheme at Kennet Island
FirstBuy enables eligible buyers to purchase a new property, funded by an affordable mortgage and with help from St James, part of the Berkeley Group and the Government. . If you qualify for FirstBuy, you will be offered an equity loan of up to a maximum of 20% of the purchase price. This means you will only need to fund the balance (as little as 80%) by means of a conventional mortgage and a deposit.
- You will be required to contribute a minimum deposit of 5% of the property's value
- The loan is interest free for 5 years*
- Following completion you can choose at any time to make voluntary part repayments ('staircasing') for the FirstBuy assistance at the prevailing market value. The minimum voluntary repayment is 10% of the market value at the time of repayment
This excellent opportunity gives first time buyers 100% ownership of their new homes with a relatively small deposit.
Contact the Marketing Suite for more information on how you could benefit from FirstBuy at Kennet Island on 0118 931 3550 or download a copy of the FirstBuy Buyers Guide, or for more information view How FirstBuy works
* Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. Check that these mortgages will meet your needs if you want to move or sell your home or you want your family to inherit it. If you are in any doubt, seek independent financial advice.
