22nd October 2019
Everybody likes a great deal, but to be offered a 20 per cent loan towards the price of a luxury home in a picturesque Derbyshire village – with no interest to pay – sounds too good to be true. Yet that’s exactly what Walton Homes is offering buyers courtesy of its shared equity scheme.
Walton Homes is launching its Lion’s Share* scheme at Ferrer’s Chase, giving buyers a more affordable solution to securing a house at the exclusive Linton Heath development.
Available with selected plot, the scheme is launching with sales of the luxurious four-bedroom Oakwell house, giving buyers the opportunity to purchase it while only raising 80 percent of its value.
Sarah Summerton, Director, says: “Our Lion’s Share scheme works in a similar way to the Government’s Help To Buy initiative, except that we act as the lender. Subject to qualification for the scheme, we will lend the buyer up to 20 per cent of the cost of their home, meaning that they can purchase the home with a five per cent cash deposit and a 75 per cent mortgage.”
The stunning three-storey properties are finished to a high specification including a fully fitted kitchen with integrated appliances, contemporary white Roca sanitaryware and luxury Porcelanosa tiles, and are available for £188,000 with Lion’s Share.
The Oakwell at Ferrer’s Chase is released at £235,000, meaning that eligible buyers will be able to buy their new home with an £11,750 deposit and a £176,250 mortgage, with Walton Homes loaning the remaining £47,000.
The loan is repaid within the following five years or on the resale of the property, without any interest, and without any early repayment penalties.
“We initially introduced this initiative in 2012 and it proved very popular, so we thought we would we would relaunch it to offer additional support to potential buyers and feedback so far has been extremely encouraging.”
For further information, contact sales advisors at Ferrer’s Chase on 01283 761645 11am-5pm Thursday-Monday.
*T&Cs apply. Lion’s Share is available on selected plots and subject to availability.