Move with confidence with new mortgage incentive

New homes builder Stamford Homes has launched an exciting new initiative to help customers move with confidence to its Water’s Edge development in Scunthorpe.

The Secureplus incentive allows customers to apply for an exclusive 95 per cent mortgage through a High Street lender, with up to 20 per cent equity protection – and only pay a five per cent deposit.

Stamford Homes regional sales and marketing director Peter Bond explained: “Secureplus is our very latest incentive to help both first time buyers and home-movers, whose equity has diminished, to move with confidence through a genuine 95 per cent mortgage and guaranteed protection against negative equity.

“In addition, only a five per cent deposit is required and uniquely, the scheme is available on both houses and apartments – which is particularly beneficial to Water’s Edge due to the number of apartments available.”

Here is how it works:

- The mortgage rate is fixed for three years, and mortgage payments are protected should the buyer lose their job through no fault of their own.

- Stamford Homes will also safeguard the equity in the home for three years against the possibility of a fall in property prices – even if the value of the home drops by up to 20 per cent.

- After three years, Stamford Homes will re-value the home, guaranteeing that if the value has fallen, the mortgage balance will be reduced by the same amount – up to 20 per cent.

- The mortgage comes with a competitive interest rate and excellent terms.

And with the scheme currently available at Water’s Edge, Stamford Homes anticipate huge interest in its range of two-bedroom apartments – many of which are due for completion next spring and summer.

Starting in price from £107,995, the apartments not only fill a much-needed niche in the local housing market, but now become a more viable purchase for first time buyers or single people thanks for the Secureplus scheme.

The sales and marketing suite is open from Thursday to Monday from 10.30am until 5pm. Alternatively, for details of Stamford Homes new homes in North East Lincolnshire, log on to stamford-homes.co.uk.