A move you can’t afford to miss

The Home Builders Federation launches New Homes Week 2009 from 12-20 September 2009, giving home-hunters an industry insight into how and why there has never been a better time buy the home of your dreams.

New homes builder Stamford Homes – which has head offices in Peterborough and Grimsby – has a range of up to the minute incentives to help the dream become a reality, whether it is as a first time buyer, upsizing, or even footing some of the cost.

Now is a great time to buy your brand new dream home. With prices at their most affordable for years and new homes developers offering a wide range of deals, then this is a fantastic time to take the plunge.

Whatever the personal circumstance, new homes requirement or financial situation, Stamford Homes aims to offer an incentive to suit that individual customer’s needs.
A growing portfolio of cost-curbing offers includes everything from part exchange to help you sell an existing home, to the Government’s HomeBuy Direct scheme and the company’s own Family Bond incentive to help you get a foot on the housing ladder.

One of the most recent initiatives is Secureplus, a genuine 95 per cent mortgage available through an established High Street lender and with up to 20 per cent equity protection. With only a five per cent deposit, customers can now purchase at an affordable interest rate which will be safeguarded for three years through a fixed rate mortgage. And uniquely, this scheme is available on both houses and apartments.

“This is a fabulous incentive for first time buyers or newly-single people who only have a five per cent deposit when lenders are demanding 15 to 20 per cent deposits.” said Stamford Homes sales director Steve Woomble.

“People are beginning to feel more positive about the housing market in general, and through a host of Stamford Homes and Government-supported schemes, we can certainly help people reach what may have previously been an unobtainable goal of a new home.”

These include:

- The Family Bond Scheme. Stamford Homes’ twist to the term ‘the Bank of Mum and Dad’, offering financial benefits to parents assisting their children onto the housing ladder. It allows Stamford Homes to pay Mum and Dad a guaranteed interest rate on their savings if they use them as a deposit for their children to buy a Stamford home.

- Part exchange. Perfect if you have an existing home to sell, and are looking to reserve a new one. Under part exchange, Stamford Homes will obtain valuations on your existing property from local agents. Providing you and your existing property meet certain criteria, Stamford Homes will then make you an offer for your existing property, based on the valuation reports by the local estate agents.

- Stamford ASSIST. Designed to make the purchase of a new home as hassle-free as possible, Stamford Homes will; Arrange for two independent valuations of your home and suggest a realistic selling price based on the valuations, and if you agree, you can reserve the home of your choice; Instruct an estate agent to sell your existing home within a specified timescale, working closely with the agents to ensure maximum publicity and viewings. Appoint a solicitor and mortgage advisor to speed up the process.

- Stamford ASSIST Plus also helps people who have an existing home to sell – but in this instance, give the Stamford customer the chance to move into paid-for rented accommodation if their buyers want to move in before the new home is ready.

- HomeBuy Direct. Under this Government scheme, customers can own 100 per cent of their home for 70 per cent of the price. 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 also offer a mortgage protection plan, as well as a special package for key workers to pay their utility bills for 12 months.

Steve added: “With such a comprehensive range of schemes, we are confident that most people can find something to suit their needs at any of our developments across the region.”

To find out more about the incentives, visit stamford-homes.co.uk. Incentives are subject to terms and conditions.