Stamford Homes offers shared equity scheme

With only a 70 per cent mortgage needed and no deposit required – a new dream home could be closer to achieving than you think. Stamford Homes is currently offering the Government’s HomeBuy Direct shared equity scheme across many of its regional developments.

This will enable more homebuyers to own the home of their dreams at a price they can afford, when the scheme is officially launched in the next few weeks.

However, customers can register their interest now to avoid disappointment. The HomeBuy Direct 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 Homes 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 associate sales director Steve Woomble, said: “It’s fantastic that we are able to provide this scheme on homes across many of our developments, and applaud their decision to introduce it to home builders 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.”

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