More home for your money with Equitymax at Manor Gait

George Wimpey East Scotland has launched its new Equitymax scheme on selected plots at its Manor Gait development in Broughty Ferry. Equitymax is a unique mortgage offer designed especially for George Wimpey customers to allow them greater purchasing power when calculating the maximum mortgage amount they can borrow when based on their gross income.

Equitymax has been designed to help a range of customers regardless of where they are on the property ladder. First-time buyers will be attracted to the scheme as it allows them the chance to move out of the rental market and take their first-steps on to the property ladder in order to make the investment in their first new home. Using the new scheme, second-time buyers or growing families could consider moving up to a larger property to make life just a little bit more comfortable.

George Wimpey’s new Equitymax aims to help customers to maximise their financial buying power and make the home of their dreams achievable.

*For example, customers with an income of £25,000 could borrow up to £167,000; an income of £30,000 would secure up to £200,000, whilst an income of £35,000 would allow customers to borrow up to £234,000.

Manor Gait in Broughty Ferry now has the final few four bedroom detached family homes available from £205,000 – so customers can see for themselves just how much more they can afford with the new Equitymax mortgage scheme that’s now available on selected plots at this development.

Our four bedroom detached family homes offer amazing space for families to grow into. Each home has a stylish fully-fitted kitchen that has space for informal dining – so families can catch up together at the beginning and end of each action-packed day. A downstairs cloakroom and separate dining room make great practical additions to our family homes.

Upstairs every master bedroom benefits from an en-suite – just perfect when you need to avoid the rush to the family bathroom. Plus each home also has great outside space with front and rear gardens ensuring there’s lots of space to relax or play!

House prices have been rising sharply for a prolonged period and many people have been priced out of their local market. Equitymax provides George Wimpey customers with the financial means the chance to buy a suitable property as Karen Armstrong, sales and marketing director for George Wimpey East Scotland explains:

“The property market over recent years has made it increasingly difficult for first-time buyers to get that first foot on the property ladder, or indeed established second or third-time buyers to make a move-up in size of property or even consider a change of location.

“Many people find their only option is to rent a property, which leaves them with nothing to show for their financial spend over the period of time they’ve lived in their rented accommodation when it comes time for them to move out.

“Equitymax puts owning a property within reach, whilst also offering customers the chance to grab a slice of the property market and make those all important first moves, or steps up the property ladder achievable.

“Customers considering our Equitymax mortgage scheme will still need to meet affordability criteria, and we advise all our customers to think carefully about how much they are borrowing and their repayment schedule. Customers who are keen to take advantage of this offer are required to discuss their circumstances with our independent financial advisor.”

Prices at Manor Gait start from £205,000. The development is open seven days a week from 11.30am-5.30pm. Visit Georgewimpey.co.uk/equitymax for more information.

* The figures are based on a minimum deposit of 3% over a 35-year term and the borrower has no credit commitments, maximum loan is £400,000. The borrower owns 100% of the property and the Lender shares proportionately in the appreciation or depreciation of the property for the Residential Ownership part of the loan, the balance is made up of a conventional mortgage. A valuation fee is charged and early redemption charges apply for the first 3 years.

The offer is available on selected plots and is subject to status. Customers must be 18yrs or over. You must reserve by 30/9/07. Terms and conditions apply with recommendation to our nominated Mortgage Broker. Broker contact details available from your local sales executive. Written quotations available on request. Limited offer can be withdrawn at any time. Offer is not available with any other promotion.

Your home may be at risk if you do not keep up repayments on your mortgage.