GRANARY WHARF DEVELOPMENT– WHY RENT WHEN YOU CAN BUY WITH ONLY £6,250 DEPOSIT NEEDED
The Granary Wharf development has a range of studio, one-bed and two-bed apartments in a beautiful waterside location in Leeds city centre. With independent bars, high-quality shops and upmarket restaurants on site, it is home to a vibrant, friendly community – think buy-to-live, not buy-to-let.
BUY NOW WITH LOAN 2 OWN
Loan 2 Own is a shared equity scheme created by ISIS Waterside Regeneration, the developers of Granary Wharf. ISIS will provide you with an interest-free loan of up to 20% of the purchase price to use as a deposit – but you still own 100% of the property. It's all about bridging the gap between the deposit you have (minimum 5%) and the deposit you need.
It's similar to the Government's Homebuy Direct scheme which ended last September. But with Loan 2 Own you have longer to repay your interest-free loan – a full 10 years rather than five years.
THIS IS HOW IT WORKS:
Purchase price for a one bed: £125,000
20% ISIS loan: £25,000
Your 5% cash deposit: £6250
Mortgage required: £100,000
Your monthly mortgage payment: £445*
IF YOU'RE INTERESTED, PLEASE FILL IN YOUR DETAILS BELO and the GRANARY WHARF sales team WILL CONTACT YOU WITHIN 48 HOURS TO DISCUSS YOUR REQUIREMENTS.:
Terms and conditionsThe Loan 2 own Scheme has a limited availability & is only available on selected properties up to a maximum of £200,000. Loan 2 Own is not valid in conjunction with any other offer. At least 80% of the purchase price is supplied by the purchaser as part of their mortgage and a cash deposit of at least 5%. The loan from ISIS of up to 20% is registered as a second charge for up to 10 years and no interest or rent is payable on the loan to ISIS for this period providing that all the terms and conditions are adhered to and default charges may apply . The charge may have to be redeemed earlier on demand. The loan 2 own scheme is subject to status and ISIS Waterside Regeneration terms & conditions. The T’s and C’s are available on request. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. The mortgage figures are based on a rate of 4.89%. The mortgage figures quoted are for reference only and are only examples so we recommend that you obtain advice from an independent financial adviser for more information