News & events
Own 100% of a new home for 75% of the price
October 16th 2008
David Wilson East Midlands has unveiled a great housewarming gift for anyone who wants to buy a new home in Earl Shilton.
You could pick-up the keys to your dream new home today for just 75% of the price. David Wilson will fund the other 25% through a deferred loan which you can pay back later.
In other words, you could own 100% of a new David Wilson home for just 75% of the price. And some lenders will even accept David Wilson’s 25% share as your deposit - meaning that you won't have to worry about a deposit of your own.
Philip Lacey, Sales Director at David Wilson said: "This is a terrific housewarming gift, which can make a dramatic difference to buying your dream new home in the current market."
"Paying only a 75% mortgage makes buying much easier. And you may not have to worry about a deposit either."
"This isn't shared ownership - it's your home, and you own 100% of it, but you only pay 75% of the purchase price now. There's no interest or rent to pay on the other 25% for up to ten years or until you sell the property, whichever is sooner."
"We can only offer it on selected plots on selected developments for a limited period. We will operate on a first come first served basis so I'd advise anyone who wants to move to visit our website to see if it’s right for them."