Get more home for your money with Equitymax

George Wimpey West Scotland has launched its new Equitymax scheme on selected plots on selected developments throughout the region. Equitymax is a unique mortgage offer designed especially for George Wimpey customers to allow them greater purchasing power when calculating the maximum mortgage amount they can borrow when based on their gross income.

Equitymax has been designed to help a range of customers regardless of where they are on the property ladder. First-time buyers will be attracted to the scheme as it allows them the chance to move out of the rental market and take their first-steps on to the property ladder in order to make the investment in their first new home.

Using the new scheme, second-time buyers or growing families could consider moving up to a larger property to make life just a little bit more comfortable. George Wimpey’s new Equitymax aims to help customers to maximise their financial buying power and make the home of their dreams achievable.

*For example, customers with an income of £25,000 could borrow up to £167,000; an income of £30,000 would secure up to £200,000, whilst an income of £35,000 would allow customers to borrow up to £234,000.

House prices have been rising sharply for a prolonged period and many people have been priced out of their local market. Equitymax provides George Wimpey customers with the financial means the chance to buy a suitable property as Michelle Logie, sales and marketing director for George Wimpey West Scotland explains:

“The property market over recent years has made it increasingly difficult for especially for first-time buyers to secure that all-important first foot onto the property ladder or even growing families the ability to move to a larger home. Many first time buyers find their only option is to rent a property, which leaves them with nothing to show for their financial spend over the period of time they’ve lived in their rented property when it comes time for them to move out.

“Equitymax puts owning a property within reach, whilst also offering customers the chance to grab a slice of the property market and make those all important first moves, or steps up the property ladder achievable.

“Customers considering our Equitymax mortgage scheme will still need to meet affordability criteria, and we advise all our customers to think carefully about how much they are borrowing and their repayment schedule. Customers who are keen to take advantage of this offer are required to discuss their circumstances with our independent financial advisor.”

The participating developments are;

Kingston Dock, Greenock
Park Gardens, Ruchill, Glasgow
Manor Gardens, Stewarton, Ayrshire
Ferry Village, Renfrew
Kingsmead, Troon
The Pines 2, Blackwood
The Grange, Summerston, Glasgow
Western Brae, Kilmarnock

Alternatively visit Georgewimpey.co.uk/equitymax for more information. The sales offices are open 10am-5pm, seven days a week.

Equitymax is available on selected plots at selected developments until 30/9/07.

* The figures are based on a minimum deposit of 3% over a 35-year term and the borrower has no credit commitments, maximum loan is £400,000. The borrower owns 100% of the property and the Lender shares proportionately in the appreciation or depreciation of the property for the Residential Ownership part of the loan, the balance is made up of a conventional mortgage. A valuation fee is charged and early redemption charges apply for the first 3 years.

The offer is available on selected plots and is subject to status. Customers must be 18yrs or over. Terms and conditions apply with recommendation to our nominated Mortgage Broker. Broker contact details available from your local sales executive. Written quotations available on request. Limited offer can be withdrawn at any time. Offer is not available with any other promotion.

Your home may be at risk if you do not keep up repayments on your mortgage.