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Double your deposit with Miller Homes in Liverpool

6th September 2010 Print

Miller Homes is offering to double the deposit for people buying a new home at its Connaught Green development in Liverpool.

The Deposit Match initiative was introduced by Miller Homes with the sole purpose of assisting people to get on the property ladder. First time buyers, or those having to start again due to a relationship breakdown, are still finding it hard to get a mortgage and Deposit Match makes it much easier.

With Deposit Match, whatever deposit the buyer saves, up to 5% of the property value, Miller Homes will match it, with the effect of doubling the deposit money. The scheme offers two immediate benefits. With up to 10% of the purchase price as a deposit, more mortgage products should be available to buyers. By putting down a larger deposit, the value of the mortgage is also reduced making the monthly mortgage interest payments less than before the Deposit Match.

Helen Toher-Horne, Sales Manager at Miller Homes, says: “The Deposit Match initiative is a great support scheme for many people. With interest rates still at an all time low and the opportunity to simply double your deposit, it is the ideal time to make the move into a new home.

“The Nationwide reported in August that the average deposit is now over £35,000 – an enormous amount. From our research last year, we know this can be a barrier for people and at Miller Homes we pride ourselves on helping buyers through the house buying process. So this is yet another example of our commitment to getting people on the property ladder.”

The Deposit Match initiative is available on Miller Homes two bedroom apartments priced from £93,950 and on 3 bedroom houses priced from £139,950. Connaught Green has easy access to all of Liverpool city centre’s amenities and many nearby green spaces, with Newsham Park, Stanley Park and Walton Hall Park all within walking distance. The development is well placed for accessing the M57, M58 and M62 motorways and has public transport links close by.

For full details on the Deposit Match initiative and the properties available visit the marketing suite at Connaught Green. The marketing suite is located off Belmont Grove, Anfield, Liverpool, L6 4EJ and is open Thursday to Monday 10.30am to 5.30pm.