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  • 1779
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  • Bishop's Grange
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  • Edge
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  • Ensleigh
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  • Froyle Park
  • Grace Gardens
  • Graylingwell Park
  • Greyfriars Quarter
  • Hawkswood
  • Hawthorn Mews
  • Heathlands
  • Heritage Park
  • Herriot Gardens
  • Honeystones
  • Kaleidoscope
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  • Orestone View
  • Oxley Gardens
  • Parklands Mill
  • Parkside Place
  • Portfolio
  • Regents Place
  • Ripon Road
  • River Walk
  • Riverside
  • Rosefinch Court
  • Saffron View
  • Saint George
  • Scholars Grange
  • Sherford
  • Shinfield Meadows
  • Spire View
  • St Augustine's
  • St Clements
  • St Mary's View
  • St. Andrews at Kings Field
  • St. Michael's Place
  • Sussex Court
  • Swallowhurst
  • Swanland Gardens
  • The Aspens
  • The Balk
  • The Dales
  • The Fairways
  • The Hollies
  • The Ivies
  • The Limes
  • The Meadows
  • The Metropolitan
  • The Old Brewery
  • The Old Orchard
  • The Pitchings
  • The Podium
  • The Quarter
  • The Tannery
  • The Wickets
  • Tithe Barn
  • Tockwith
  • Tregea Parc II
  • Trilogy I
  • Trinity Brook
  • Velare Place
  • Victory Fields
  • Waterford Place
  • Waterside
  • White Rock
  • Wilberforce Manor
  • Wilshere Park
  • Woodhaven
  • Woodland Croft
  • Wycke Hill

Did you know that interest rates are still at some of the lowest levels on record?

So, what does that mean for you?

Many of us will have read about Mark Carney and Interest rates in his speech on the 17th July, but what does it really mean for potential house buyers?

The below chart shows how mortgage rates have fallen over the past 20 years and since hitting rock bottom in 2009 lenders have competed for market share. Many have been offering a range of attractive 2 and 5 year fixed rate products and in the last 5 years alone, rates have nearly halved.

interest-graph

Example based on today's rates:

So if you were buying a brand new Linden Home today, based on a £250,000 mortgage, over 25 years with a 15% deposit, high street lenders such as Nationwide are offering rates of 2.34% with monthly repayments of £1101. In 2010, the same mortgage would have come with a 4.39% rate and monthly repayments of £1,374. This would have cost the average home owner £273 per month more than today, so even with talk of rates rising, experts predict that it will take some time before we see rates reaching 2010 levels.

Year Mortgage Value Mortgage Term Deposit Interest Rate Monthly Repayment
2015 250k 25 years 15% 2.34% £1101
2010 250k 25 years 15% 4.39% £1374
2015 2010
Mortgage Value 250k 250k
Mortgage Term 25 years 25 years
Deposit 15% 15%
Interest Rate 2.34% 4.39%
Monthly Repayment £1101 £1374

How would a rate rise effect these monthly payments?

Taking the above example:

  • A 0.25% rise to 2.59% would increase your monthly payments to £1132 (£31 extra per month)
  • A 0.50% rise to 2.84% would increase your monthly payments to £1164 (£63 extra per month)

So now really is the perfect time to buy, with the extension of the popular Help to Buy scheme available until 2020 and many lenders still offering a range of competitive 2 and 5 year fixed rate mortgages, and for homebuyers looking for longer term security and peace of mind, 10 year fixed rate mortgages.

When buying a new Linden home, we recommend that all our customers talk to New Homes Mortgage Helpline, specialists in the new homes mortgage market. With literally thousands of mortgage products on the market, you may need help and guidance to find the most affordable and suitable mortgage for your new home.

The Helpline Advisers are available 7 days a week.
Get in touch today, call the team on 01206 715415.

9am to 8pm Monday - Thursday
9am to 7pm Friday
10am to 7pm Saturday - Sunday

The example is based on a mortgage amount of £250,000 and using a 15% deposit. This typical example has a £999 product fee based on repaying the mortgage over 25 years. 2.34% 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%. The overall cost for comparison is 3.9% APR. Illustrative interest rates are based upon market data as at 31/7/15. 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.

Did you know?

Wherever possible we source our bricks from the UK.

New home search

Price min.
  • Price min.
  • £100,000
  • £125,000
  • £150,000
  • £175,000
  • £200,000
  • £225,000
  • £250,000
  • £275,000
  • £300,000
  • £325,000
  • £350,000
  • £400,000
  • £450,000
  • £500,000
  • £600,000
  • £700,000
  • £800,000
  • £900,000
  • £1m
  • £1.25m
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  • £2m
Price max.
  • Price max.
  • £125,000
  • £150,000
  • £175,000
  • £200,000
  • £225,000
  • £250,000
  • £275,000
  • £300,000
  • £325,000
  • £350,000
  • £400,000
  • £450,000
  • £500,000
  • £600,000
  • £700,000
  • £800,000
  • £900,000
  • £1m
  • £1.25m
  • £1.5m
  • £2m
Min. beds
  • Min. beds
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
Please choose
  • Please Choose...
  • 1779
  • Abbey Farm
  • Archers Green
  • Ashton Rise
  • Badger's Holt
  • Bartons Rise
  • Beaumont Gardens
  • Becketts Ridge
  • Beechfield Grove
  • Bishop's Grange
  • Bitton Mill
  • Boorley Park
  • Boslowen
  • Bradley Meadow
  • Brayton
  • Buckby Grange
  • Camomile Lawn
  • Carpenter's Place
  • Centurion Grove
  • Charlton Hayes
  • Chase Park
  • Chenet Chase
  • Cherry Orchard
  • Cincinnati
  • Cleeve View
  • Copper Beech
  • Copperfields
  • Corinthia Mews
  • Corio
  • Crowdhill Green
  • Edge
  • Elm Tree Park
  • Elmbank
  • Empire Court
  • Ensleigh
  • Follaton Oak
  • Froyle Park
  • Grace Gardens
  • Graylingwell Park
  • Greyfriars Quarter
  • Hawkswood
  • Hawthorn Mews
  • Heathlands
  • Heritage Park
  • Herriot Gardens
  • Honeystones
  • Kaleidoscope
  • Kempsey Mead
  • Kent Drive
  • King Edwards
  • Kings Gate
  • Kings Glade
  • Kings Row
  • Langland Place
  • Linden Park
  • Lindendale
  • Longacre
  • Longhedge Village
  • Madron
  • Manor Park
  • Marne Grange
  • Meadow Gardens
  • Meldon Fields
  • Meridian
  • Mill Rise
  • Millbrook Park
  • Montbray
  • Morgan's Field
  • Mowbray View
  • Mulberry Park
  • Nash Mills Wharf
  • New Brunswick
  • North Farm
  • Northstowe
  • Oaklands
  • Orestone View
  • Oxley Gardens
  • Parklands Mill
  • Parkside Place
  • Portfolio
  • Regents Place
  • Ripon Road
  • River Walk
  • Riverside
  • Rosefinch Court
  • Saffron View
  • Saint George
  • Scholars Grange
  • Sherford
  • Shinfield Meadows
  • Spire View
  • St Augustine's
  • St Clements
  • St Mary's View
  • St. Andrews at Kings Field
  • St. Michael's Place
  • Sussex Court
  • Swallowhurst
  • Swanland Gardens
  • The Aspens
  • The Balk
  • The Dales
  • The Fairways
  • The Hollies
  • The Ivies
  • The Limes
  • The Meadows
  • The Metropolitan
  • The Old Brewery
  • The Old Orchard
  • The Pitchings
  • The Podium
  • The Quarter
  • The Tannery
  • The Wickets
  • Tithe Barn
  • Tockwith
  • Tregea Parc II
  • Trilogy I
  • Trinity Brook
  • Velare Place
  • Victory Fields
  • Waterford Place
  • Waterside
  • White Rock
  • Wilberforce Manor
  • Wilshere Park
  • Woodhaven
  • Woodland Croft
  • Wycke Hill