It's a family affair with Miller Homes' new incentive
Miller Homes has announced an exciting new incentive that will not only help first time buyers but will also reward their generous family members with an instant windfall.
The award-winning house builder has launched Family Deposit©, a brand new scheme that rewards family members that assist new buyers with their deposit.
The scheme enables family members to fund deposits of up to 20 per cent of the property purchase price. Unlike other schemes in the marketplace, the family member will earn the equivalent of five years’ interest at five per cent on their investment, which will be paid in a lump sum to them when the purchaser legally completes the sale.
Sue Warwick, national sales and marketing director for Miller Homes, said: “We know from speaking to buyers and conducting our own research that many young people who would love to own their own home can afford to pay a mortgage but simply cannot gather the hefty deposits required to buy the home of their dreams.
“With this in mind, we have designed an incentive that not only enables generous relatives the chance to earn some of their investment back, but it also helps new buyers onto the property ladder – something that we feel extremely passionate about.”
The new scheme also allows more than one relative to club together to help the new buyer and share the interest paid.
Sue continued: “The scheme really is a win-win for buyers and their families and is a chance for us to say thank you to the many kind family members that selflessly help their siblings, parents and sons and daughters to realise their home-owning dreams.”
The new incentive is available on selected plots at developments across the Scotland East region now, including at Bonnington and Varcity South in central Edinburgh. Situated on Bonnington Road, just a few minutes’ walk from Leith Waterfront and within walking distance of Edinburgh city centre, Bonnington features a selection of contemporary two and three bedroom apartments with prices starting from just £166,000.
Varcity South Situated on Crewe Road South near Stockbridge, with high quality specification reflects the excellent location. The development combines vibrant, urban living with close proximity to destinations including the Royal Botanic Garden. Prices at Varcity South currently start from £161,000 for a one bedroom apartment.
Family Deposit also looks set to benefit homebuyers at Miller Homes’ Ferryfields development on Arbroath Road in Dundee. An extensive choice of individually-designed four and five-bedroom homes is currently available at Ferryfields, with prices starting from £216,000 for the four-bedroom Tees.
Elsewhere in the Scotland East region, Miller Homes has five popular developments across Fife. Primrose Hill in Rosyth comprises a collection of four and five-bedroom family homes priced from just £179,000 – all within walking distance of Rosyth train station.
Situated in the highly desirable village of Markinch, Dalginch has a stunning range of three, four and five bedroom homes, starting at £163,000. The village of Markinch is an easy drive from the sophistication of the city, and yet provides all the benefits of quiet village life.
A range of two and three bedroom apartments together with three and four-bedroom homes are also available at Crystal Gait in Glenrothes. In nearby Markinch, just two four-bedroom Teviots are now remaining at Balbirnie Meadows, priced from £227,000.
Miller Homes’ Regents Park development in Crossgates is perfect for those looking for a more rural village setting and offers a range of one, two, three, four and five bedroom homes priced from £115,000. The brand new Victoria Mill development in Dunfermline will launch later this summer with its mix of stylish apartments set to appeal to first-time buyers in Fife.
For more information, go to: miller.co.uk
