A little help can go a very long way. So if your family contribute towards your deposit, we’ll gift them a cashback sum equivalent to 5% interest for 5 years. An extra thank you for them from us.
For example, if your stylish, spacious new Crest Nicholson home costs £300,000, and your family gift you a 5% deposit contribution (£15,000), we’ll pay them £3,750.
HOW DOES IT WORK?
You’ll need a minimum 5% deposit. This can be gifted entirely by a family member or partially gifted or partly saved by you.
Proof of the contribution is required.
Visit your chosen Crest Nicholson development and reserve your brand new home.
Once your purchase has completed, your family member will receive their cashback on their contribution which is equivalent to 5% interest for 5 years
Family Cashback Terms and Conditions
Who is eligible?
“Crest Nicholson” is referred to as “Crest Nicholson”, “we”, “us”, or “our”. Our Family Cashback Scheme is available on our new build homes only and is subject to contract and eligibility criteria.
You will be required to enter into a reservation agreement to reserve a new build home from us and exchange contracts on that purchase, and those events may be required by us to have happened by certain dates.
How does it work?
We will pay to your family member contributing to your deposit an amount equal to up to 5% interest for 5 years calculated on the amount of their deposit contribution up to a maximum of a 10% deposit on the price of your new home. If the family member contributes more than a 10% deposit, then the excess above 10% will not count towards the offer. The amount payable to your family member is only payable when you complete on your purchase of a new home from us.
We must receive evidence satisfactory to us that your family member has paid the deposit contribution used for the purchase of your new home and the amount that they have paid (e.g. evidence from your solicitor, bank statements, etc). Your family member must also provide us with satisfactory evidence of their identity, address and bank details and their relationship with you so that we can comply with identity and anti-money laundering checks, verify their relationship to you and eligibility for the offer and pay the relevant amount to them when you complete on your new home purchase from us.
The offer only applies to your first degree relatives or second degree relatives or to the first degree relatives or second degree relatives of your spouse. The offer only applies to one family member contributing to the deposit in relation to your purchase of a new home from us, and not multiple contributors.
Your family member can choose to give the deposit contribution as a gift so it doesn't need to be returned if you sell your new home purchased from us or you can make arrangements to return the deposit contribution to them in the future.
The amount is paid to your family member on completion by either a cheque or bank transfer as a lump sum. It is not payable to you. The amount payable to your family member may be subject to tax and it is their responsibility to declare and pay any tax.
Other applicable terms and conditions
To take advantage of this offer you must claim before reserving a property from us. This offer is not to be used in conjunction with any other offer or scheme. We may in our absolute discretion, withdraw or alter the terms of this offer at any time before you have reserved your new build home from us and paid your reservation fee.
If your reservation agreement expires, is cancelled or is terminated the Family Cashback Scheme in relation to that reservation will automatically terminate.
Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. Individual lender terms and conditions may affect the offer. If you require a mortgage, you are strongly advised to obtain advice from a regulated mortgage adviser.
Our usual reservation and sales terms and conditions also apply. Please speak to one of our sales executives for more details.
More ways we can help you move
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