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All of our floor joists are made in the UK using a carbon negative process and sustainably sourced timber.
|2 bedroom apartment at £290,000||Initial rate: 1.79%, fixed for 2 years|
|Your 5% deposit £14,500||Followed by a standard variable rate currently 3.99%|
|Government equity loan of £58,000||The overall cost for comparison is 3.7% APR|
|75% mortgage £217,500|
|Monthly mortgage repayment: £903.94|
|YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. Based on a mortgage over 25 years. There may be additional fees charged for arranging a mortgage. Additionally, you may incur a charge if you repay your mortgage prior to the end of the initial rate. The government equity loan is subject to terms and conditions and repayable on the sale of your home or after 25 years.|
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER DEBT SECURED ON IT. Credit is secured against your home. Computer generated images and photographs show typical Linden Homes at Nash Mills Wharf. Interiors may include options and upgrades available at additional cost. *Purchase price of £232,000 represents 80% of a £290,000 purchase price. Subject to status, Help to Buy Terms & Conditions and available on selected properties in England only. Eligible applicants will be offered an equity loan up to a maximum of 20% of the purchase price (based on the open market value). Applicants are required to fund at least 80% of the purchase price by means of a conventional mortgage, savings/deposit where required. The equity loan is provided by the HCA and held as a second charge. This offer is not available in conjunction with any other promotion. Full details will be provided on request. †The monthly payments are illustrative of the amount you might pay for the first 2 years if you took out a mortgage from a high street bank or building society, such payments may however vary between mortgage products. The example is based on a purchase price of £290,000, a repayment mortgage of 75% of the purchase price so the amount of your mortgage is £17,500, plus a £999 product fee totalling £218,499 repayable over 25 years. 1.79% is the lender's current fixed rate for 2 years, reverting to the lenders variable rate for the remainder of the term, currently 3.99%. Illustrative interest rates are based upon market data as at 23/06/15. For the first 2 years the monthly cost on a current rate of 1.79% is £903.94. Early repayment charges may apply if the mortgage is repaid within a specified period after the completion date. There may be a charge by the lender if you cancel your application after it has been submitted. Fees payable for arranging a mortgage may vary between mortgage products and provider. The actual rate and terms may vary and will depend on your individual circumstances and are subject to availability. Written illustration and full details available on request. Linden Homes does not offer mortgage advice. Prices and details correct at time of going to print. Galliford Try Homes Limited. Reg. No. 03158857 VAT No: 834860413. Reg Office: Cowley Business Park, Cowley, Uxbridge, Middlesex UB8 2AL. XLINC538/July 2015.