Stamford Homes expands 75/25 initiative

Following the huge success of a scheme that allows customers to own 100 per cent of their new home, but pay just 75 per cent for it – Stamford Homes is expanding it across the region.

The innovative cost-curbing 75/25 scheme allows the customer to reserve the home of their choice, and ensuring that legal completion is within a specified timescale, Stamford Homes will pay the remaining 25 per cent by means of an interest free loan, to be paid off in up to 10 years.

And with no deposit to pay and mortgage protection cover included in the scheme, 75/25 has already proved hugely popular with first time buyers as well as customers looking to upsize their home.

The scheme is currently available on a number of Stamford Homes developments, on selected homes for a June 2009 completion:

- Whittington’s Meadow at Nassington, East Northamptonshire
- Bell’s Yard at Horncastle, Lincolnshire
- Carpenter’s Lodge, Wrabgy, Lincolnshire
- Blue Water Rise, Hampton, Peterborough
- Fairfield Park, Hertfordshire
- Water’s Edge, Scunthorpe
- Rushcliffe, Newark, Nottinghamshire

Stamford Homes regional sales and marketing director Peter Bond said: “This a fantastic scheme and has already proved very popular, particularly in terms of bringing new buyers to the market who may not have otherwise been able to move home – given the current challenging economic climate.

“It couldn’t be simpler – own 100 per cent of your home, and pay only 75 per cent for it. The remaining 25 per cent is met through an interest free loan, which can be paid within 10 years or settled at anytime during that period.

He added: “The offer also comes with added peace of mind, should a customer lose their job through no fault of their own, with the Mortgage Protection Scheme. In this event, Stamford Homes would pay up to £1,000 a month for a year towards the mortgage of your new home.”

For more details of the 75/25 scheme and other Stamford Homes incentives – visit Stamford-homes.co.uk.