The 70/30 scheme offers eligible customers the chance to own 100% of their home for 70% of the price.
In simple terms, the Government and Stamford Homes will each provide up to 15% of the shared equity, with the balance being mortgageable through many major lenders – and with the possibility of no deposit to pay.
Stamford Homes associate sales director Steve Woomble said: “It’s fantastic that we are able to provide this scheme at a number of our developments, and applaud their decision to introduce it to developers, and customers, at such a crucial time in the housing market.”
“It means that first-time buyers, key workers or people needing to upsize will have an opportunity select the home of their dreams at a price they can afford.
“We are welcoming registration to the scheme now, and our sales advisors will be able to talk customers through the procedure.”
The scheme will be marketed exclusively for six months on qualifying homes, and is simple and straightforward to apply for.
The scheme is currently being offered at the following developments:
Renaissance, New Waltham
Clee Fields phase II, Grimsby
Ferriby Rise, Scartho Top, Grimsby
De Aston Park, Market Rasen
Freshney Green, Grimsby
More details are available by visiting the Stamford Homes website.
Have your say on this story using the comment section below