We are excited to announce that we have released a limited number of 2 & 3 bedroom homes at Rowett South on the new supply Shared Equity.
There's still a chance to secure your new home from £99 per week*. With our New Supply Shared Equity Scheme, you could own 100% of a new home and pay less with an interest-free loan that makes up the difference.
Places for People is working in partnership with the Scottish Government offer shared equity schemes on over 10 developments across the country.
There's no better time to make your move.
Move in from £99 per week is dependent on income, individual circumstances and mortgage rates. Only applicable on selected plots at Rowett South. All the information is correct as of 22/05/2020. These are indicative costs - rates are subject to change. Lower rates are available if you are able to put down 5% of the purchase share. All loans are subject to credit approval and can vary upon credit score and loan to value. Your home may be repossessed if you do not keep up repayments on your mortgage.
Purchase price £200,000. 60% equity share £120,000. 2.5% of share £3,000. 35 year mortgage term. Mortgage amount £117,000. This is a fixed mortgage term with a monthly payment of £399.08. This equates to a weekly mortgage payment of approx £92.09. The initial interest rate is 2.19%. The initial number of months on this borrowing rate is 24 months. After this period (without remortgaging) you will go onto your lenders Standard Variable Rate (SVR), where costs are as follows: SVR monthly payment £576.17. This equates to a weekly mortgage payment of approx £132.96. SVR interest rate 4.94%. Number of months on this SVR rate is 336. APRC is 5%. Fees £995. May be subject to additional fees. Total amount payable over the term of the mortgage £123,024.87. There is no guarantee your weekly mortgage repayments will be £100.45 for your full mortgage term (ie: 35 years).
Please visit Government website for more information about this shared equity scheme.