Shared Equity offers a helping hand to buyers in Stirling

Purchasers at George Wimpey’s Stirling Bridge development at Raploch in Stirling are being offered a unique opportunity to buy a stylish new home through the company’s Shared Equity* scheme for a limited period only. 

The initiative, which is only available on selected plots at limited times throughout the year, offers buyers the chance to secure their new dream home for only 85%** of the purchase price. This means that buyers could secure a well-proportioned two bedroom Ladykirk that boasts an impressive 716sq ft, and is normally priced from £129,000 for only £109,000! 

Under the Shared Equity scheme, homeowners will have the reassurance that they own 100% of their property from day one but as they’ll already have paid a 5% deposit, they only need to find a mortgage on 80% of the value. The other 15% is provided rent and interest free by George Wimpey for up to ten years, at which point purchasers repay 15% of their home’s current market value.

The scheme is flexible, allowing purchasers to repay the outstanding amount early or even make smaller one-off payments up to three times during the ten year period. Available on a range of two and three bedroom homes at Stirling Bridge, the scheme means that purchasers looking for more bedrooms, or perhaps that initial step onto the property ladder, could consider a move to a brand-new home with its own private garden within walking distance of Stirling city-centre, which would normally be out of budget.

Karen Armstrong, regional sales and marketing director, comments: “We understand the challenges our customers are facing in the current market, which is why we’ve introducing this scheme at Stirling Bridge.  Our Shared Equity scheme offers a genuine step up for those wanting to get onto or move further up the housing ladder.  And with customers already moving in, this development is really coming to life as more and more buyers realise the potential of the area.”

For further information, call or visit the show apartment which is open Thursday through to Monday from 10am to 5.30pm.  Alternatively, visit stirling-bridge.co.uk or georgewimpey.com.

* Available on selected properties only. Terms and conditions apply.

** 5% deposit required.