Stamford Homes to offer shared equity scheme

Stamford Homes is offering a shared equity scheme that will help homebuyers to own the home of their dreams at a price they can afford. A number of developments across the region are taking part in the scheme, and customers can register their interest now.

The 70/30 scheme offers eligible customers the chance to own 100 per cent of their home for 70 per cent of the price.

In simple terms, the Government and Stamford Homs will each provide up to 15 per cent of the shared equity, with the balance being mortgageable through many major lenders – and with the possibility of no deposit to pay.

Stamford Homes regional sales and marketing director, Peter Bond said: “It’s fantastic that we are able to provide this scheme at a number of our developments, and applaud their decision to introduce it to developers, and customers, at such a crucial time in the housing market.”

“It means that first time buyers, key workers or people needing to upsize will have an opportunity select the home of their dreams at a price they can afford.

“We are welcoming registration to the scheme now, and our sales advisors will be able to talk customers through the procedure.”

The scheme will be marketed exclusively for six months on qualifying homes, and is simple and straightforward to apply for.

Developments offering the shared equity scheme on selected homes are;

Inspire and Burghfield Place, Peterborough
Horncastle and Wragby, Lincolnshire
The Island, Scunthorpe
Forthcoming developments in Coalville, Gainsborough and Loughborough

For more details – visit Stamford-homes.co.uk.