Stewart Milne Homes is now enabling even more homeseekers to get moving by offering its increasingly popular Deferred Payment purchase plan to all buyers at all developments across the North West.

Specially designed to provide practical solutions to current market conditions, the Deferred Payment plan ultimately removes the pressures associated with finding a large deposit and securing a manageable mortgage.

The Deferred Payment plan means the buyer need only pay 75 percent of the property price, but will own 100 percent from the day they move in, removing the need for a large deposit and reducing the mortgage amount required. Not only is a 75 percent mortgage easier to obtain, but the reduced loan to value means buyers will benefit from significantly lower interest rates and more affordable monthly repayments.

The remaining 25 per cent is repaid in relation to the property’s value after up to 10 years or when the property is sold. However, if a buyer wishes to remain in their home rather than sell, the housebuilder’s share is simply released from the property’s equity.

Deferred Payment is available with a wide selection of new homes. A contemporary two-bed apartment in the renovated Trencherfield Mill in Wigan priced at £143,950 can be purchased for less than £108,000, whilst a stunning five-bed family home at Mill Green in Strines costing £459,950 would require a mortgage under £345,000.

Deferred Payment is now available with properties at Trencherfield Mill in Wigan, Mill Green in Strines and Chorlton Fold in Monton.

For further property details and information on all purchase plans currently available, contact 0161 866 6969 or visit stewartmilnehomes.com

08 June 2009