Please read carefully before responding to this advert.

This is an opportunity to own your own home for only £3000 deposit.

No initial mortgage required
Redecorate or improve, you benefit from any added value
Any price increase over the purchase price, you benefit from any increase.


This is how it works

The purchase price is £155,000
Minimum deposit of £3,000
The normal rent is £600 per month – which is fixed for 5 years.
Every month you will add a top up of £200 per month towards your purchase deposit.
Therefore you will pay £800 per month.

At the end of 5 years you have the option to buy the property which will be:

Purchase Price £155,000
Less:
£3,000 deposit paid
£12,000 (extra you have paid £200 x 12months x 5 years)
£5,000 (extra we pay if no maintenance or repair claims made)

£135,000 remaining (mortgage required)

At the end of 5 years you will have paid £15,000 towards a deposit and if no maintenance claims are made on us, (eg boiler replacement) then we will gift you a further £5,000 towards your deposit. Which means you will have a total deposit of £20,000 towards the purchase of your property (ie a 13% deposit)

You simply obtain a mortgage for the purchase of the property at £155,000 and use the £20,000 deposit towards the purchase.

Any improvements you make to the property you get the benefit.

If the value of the property has increased you also get the benefit.

No mortgage is required until you buy in 2014. (but can buy at any time - with the deposit being proportional to the amount you have saved.)

Our gift and rent deposit payments provide your deposit.

The purchase price is fixed at the outset. You gain from any further price growth! Ie if the property was worth £200,000 in 5 years, you do not pay any more than the price agreed today.

Redecorate, carry out home DIY - YOU benefit from any added value by enhancing YOUR home

This is not a shared ownership or Housing Association scheme

You can move into your new home in as little as 14 days!

Legally approved solicitor contracts

We can help you get advice on your mortgage in 2014, or sooner, with your deposit fund.

Move in, and buy later - or walk away! You do not have to buy if you change your mind.

Perfect if you are either;

- A first time buyer struggling to get onto the housing market
- Struggling to raise a large deposit
- Currently renting but want to own your own home
- Have impaired credit and can't raise finance
- Have recently moved to the UK

No mortgage is required whilst renting/buying – must be in full time employment and demonstrate you can afford the monthly payments.

There is a non refundable application fee of £85 to pay for contract documentation and then the £3000 deposit on acceptance.

About my flat

This is a modern, purpose built, 2 bedroom apartment within easy walking distance to Derby city centre and an ideal base for professionals, with easy access to A52 and A38. With the benefit of secure parking below the apartment and lifts directly to each floor.

You will enter the apartment into the entrance hall which leads to an open plan living area incorporating a separate kitchen/diner - having chrome gas hob/electric oven, integral fridge/freezer, washer/dryer, dishwasher & Oak wooden units with granite worktops.

Two double bedrooms, bathroom with ceramic tiled flooring, white 3 piece suite and mixer shower over.

The property would make a great new home!

To arrange a viewing please contact 0844 736 1830

Contact details

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