Bryant launches Deposit Match at Parkside

If saving up a deposit for a new home is proving more difficult than you’d expected, Bryant Homes may be able to lend a hand with its Deposit Match scheme at Darlington development Parkside.

The housebuilder is holding a Deposit Match Open Day on Saturday 11th July at the development, on Railway View, from 10am until 5.30pm. Viewers interested in the scheme can speak to Bryant’s Deposit Match experts to learn about how the housebuilder will match the buyers deposit, up to 10% of the property’s value, as an interest free loan, giving them access to better interest rates and lower monthly mortgage payments.

Even better – for a limited time Bryant are giving buyers at Parkside £2000 worth of vouchers for Next, to help out with kitting out the new home.

Deposit Match is extremely simple – buyers are given the Deposit Match amount in the form on an interest-free loan over 10 years. They own 100% of their property and there is no rent or interest to pay during the loan period. Buyers can repay the loan when they sell or have the option to make up to three smaller one-off payments. If the loan is not repaid within the ten year period, then interest is charged at 2% above the Bank of England rate.

The scheme can be tailored to individual circumstances. First time buyers, for example, could receive their required 5% deposit, or increase the amount they already have saved. Existing homeowners could see their 10% deposit doubled which means only having to borrow 80% of the property’s value. This could open the door to lower interest rates competitive interest rates and more affordable monthly payments. Stamp duty and legal fees are also covered by Bryant Homes.

Deposit Match is managed by Bryant’s appointed independent financial advisors and solicitors, making the whole process extremely straightforward.

“This scheme tackles the current credit crunch head-on,” says Bev Russell, field sales manager for Bryant Homes. “By offering a cost-effective way of increasing the purchaser’s deposit, we are providing them with more bargaining power to secure competitive mortgage rates and lower monthly repayments. This could make all the difference in their ability to get on or move up the property ladder and we’d urge those looking to move to speak to our sales executives at the Open Day on 11th July to find out how the scheme could help them.”

Parkside’s Darlington location makes it a popular choice with buyers. From open air markets to designer and high street stores, the town has no shortage of facilities to keep shopping fanatics engrossed, while the range of restaurants, bars and cafes on offer means that food lovers will never be short of a venue.

For those more energetically inclined, there are a number of excellent leisure facilities nearby including the Dolphin Centre, which offers swimming, squash, and keep fit classes, and of course Stressholme golf course.

Parkside’s location is also ideal for commuters. The development offers easy access to both the A1(M) and the A66, while Darlington station offers high speed services to Edinburgh and London's Kings Cross. Durham Tees Valley international airport is also around 10 miles away.

For further information about the Deposit Match Open Day at Parkside, call into the marketing suite located on Railway View, which is open Thursday to Monday from 10am until 5.30pm. Full details can also be found at Bryant.co.uk.