YOU COULD EARN UP TO 7% EXTRA TOWARDS YOUR DEPOSIT*
It can be a challenge to get onto the property ladder, or even move up the property ladder, and with that in mind, Genesis Homes has introduced a new scheme that matches up to 7%* of a buyer’s deposit (subject to terms and conditions).
If you’ve managed to save that all important deposit – then firstly, well done! Genesis Homes will match your deposit up to 7%, giving you a maximum deposit of 14%. This means that the amount you need to borrow on a mortgage may be less – you may even get a more competitive mortgage rate. Genesis Homes can put you in touch with a financial adviser if required.
For example, the dream Genesis home you want to buy costs £200,000. You have a 7% deposit to secure it (i.e. £14,000). On selected plots we’ll match that, giving you another £14,000 and taking your deposit to £28,000. Your mortgage would then be £172,000.
Nicky Gordon, MD for Genesis Homes commented ‘This is a great scheme as it can substantially increase a buyers deposit, thereby potentially lowering mortgage payments. It’s obviously subject to terms and conditions such as you must be able to prove, at the point of reservation, that you are in possession of the agreed deposit. Apart from that it’s pretty straightforward and will give a lot of buyers the chance to secure their dream home’.
The deposit plus scheme currently only available on selected plots, to find out more please speak to one of our friendly Sales Executives or pop into one of our marketing suites, Friday – Monday, 11am – 3pm.
*Genesis Homes will pay up to 7% of the purchase price of the selected plot, to match the customer’s deposit, as agreed at the point of reservation. To be eligible for the Deposit Plus scheme the customer must be able to prove, at the point of reservation that they are in possession of the agreed deposit amount. The customer must pay the standard reservation charge of £500 on their selected plot. The Deposit Plus value will be deducted from the total sale price on legal completion. Deposit Plus is available on selected plots only and is subject to Genesis Homes’ standard terms and conditions. The contribution from Genesis Homes is dependent on an individual’s personal circumstances and the amount they have to deposit. This is a limited offer and may be withdrawn without notice. Deposit Plus cannot be used in conjunction with any other offer, or with LCHO properties or with Help to Buy.