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All you need to know about buying a new home with Crest Nicholson

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Deposit Boost

Helping you move > Deposit Boost

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LET US BOOST YOUR DEPOSIT BY UP TO AN EXTRA 5%

Have a 10% deposit ready? Let us give you a helping hand to enjoy a new home quicker.

DEPOSIT BOOST EXPLAINED

If you’re looking to buy one of our brand new homes, our Deposit Boost could give you the help you need. It could mean lower interest rates and, more importantly, lower monthly repayments. And that’s great news.

Take advantage of a smaller 85% mortgage and potentially lower rates and make your dream home a reality.

HOW DOES IT WORK?

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On a home valued at £300,000

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You would need a 10% deposit (£30,000)

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We would boost your deposit by 5%, bringing your total deposit to £45,000 (15%)

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You would then only need an 85% mortgage for the remaining £255,000

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Which means you’ll have more choice of mortgages and better rates

DEPOSIT BOOST TERMS AND CONDITIONS

WHO IS ELIGIBLE?

  • This offer is for Crest Nicholson to contribute towards your mortgage deposit up to a maximum of 5% of the purchase price. You are required to contribute a minimum 10% deposit
  • You must be financially qualified by an independent mortgage advisor and meet the lender’s mortgage eligibility criteria.

HOW DOES THE CONTRIBUTION WORK?

  • Crest Nicholson’s contribution will be:
    • agreed before you reserve your Crest Nicholson home; and confirmed in the reservation agreement; and
    • paid to your solicitor on legal completion of your Crest Nicholson home purchase provided that legal completion must take place on or before the date agreed at the time of reservation.
  • This offer:
    • cannot be used with any other Crest Nicholson offer;
    • is available on selected developments and plots only, subject to status and availability.

TERMS AND CONDITIONS

  • Crest Nicholson may, at its absolute discretion, withdraw or alter the terms of this offer at any time before you have reserved your Crest Nicholson home and paid your reservation fee.
  • If you require a mortgage, you are strongly advised to obtain advice from a regulated adviser.
  • In the event that your reservation agreement expires or is cancelled/terminated, any deposit boost offer in relation to your deposit will automatically terminate.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

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