Hillreed Homes launch 2 year mortgage incentive

Wouldn’t it be fantastic if you could received £300, every calendar month, for the next 2 years (24 months), to help pay off your mortgage? Well you can with a new scheme currently in operation at The Vines, Hailsham, East Sussex a brand new development by Hillreed Homes.

This exceptional mortgage subsidy scheme is for a limited period so anyone interested should contact the site sales team, as soon as possible, for further information. Basically, Hillreed Homes agree to pay £300 per month towards the buyer’s mortgage for the first 24 months after completion. The scheme applies to a two bedroom end of terrace house with single garage at £199,950 and a two bedroom semi detached house with parking space for £194,950.

“This is a marvellous opportunity to buy at early 2008 property prices and to have the “safety net” of knowing that £300 is being paid by Hillreed for a whole 2 year period”, says Jo Richards, Marketing and Corporate Manager.

Also available at this development is an opportunity to take advantage of a 15% Equity Share Scheme. This is the first time that this scheme has been offered at a development of Hillreed Homes in Sussex.

This “Helping Hand” scheme means that Hillreed Homes will fund up to 15% of the purchase price of the new home up to a period of 5 years. The company will do this by means of a second charge which allows them to recover their funding when the owner sells the property or refinances, similar to a building society or bank. If the owner chooses to purchase the remaining share of their home within two years, they will be able to do so at the original purchase price of the property.

If the owner opts to purchase the remaining share of their home between 3-5 years, Hillreed Homes will ask that the amount to be repaid, is linked to the value of their home at the time, the minimum being the value at which they purchased their home originally.

At The Vines there is a wide selection of two, three and four bedroom homes near the pretty village of Lower Horsebridge and within easy reach of the bustling market town of Hailsham.

Already several homes are reserved but others are available and that includes the show house a three bedroom semi detached property for £249,950. This comes with carpets, curtains, light fittings, alarm and turf to the rear garden. There is also a single garage. There is a good choice of other homes ranging in price from £233,950 to £341,950.

The A22 is approx a mile distant and offers easy access to Uckfield and East Grinstead together with Eastbourne. Polegate is around 4 miles and affords links to Hailsham where there are regular commuter services to London Victoria.

The site sales office and show home is open 7 days a week. Call in or visit hillreed.co.uk for more information.