Move with confidence with new 95% mortgage incentive

New homes builder Stamford Homes has launched an exciting new initiative to help customers move with confidence to its developments across the region.

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 sales director Steve Woomble 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.”

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.

The Secureplus incentive is currently available at Stamford Homes’ development in Burgh Le Marsh, Grimsby, Hull, Louth, Market Rasen and York.

For more information visit stamford-homes.co.uk.