When there's CanBuy, there's no reason why you can't buy
The fantastic new way to get you moving. Is the problem of saving for a deposit preventing you from buying your first new home, or even your next home? If lack of a deposit is keeping you from making that dream move, we've great news for you. CanBuy is a fantastic new purchase deposit scheme that allows you to borrow the full purchase price of your brand new home. Sounds too good to be true?
Here's how CanBuy works:
- Our Independent Financial Advisors arrange an 85% loan to value mortgage on your dream home
- 10% of your deposit comes from a fixed rate CanBuy unsecured purchase deposit loan from Hitachi Capital (UK) PLC, the UK financial services arm of HITACHI, one of the World’s largest and most admired companies.
- We will pay 5% of your deposit so you don’t have to.
|Purchase price of a new home||£150.000 || |
|Mortgage based on 85% (2 Year Tracker @ 4.59%) over 35 years||£127,500||= £610.53 per month|
|Unsecured 10% CanBuy Purchase Deposit Loan over 15 years||£15,000||= £208.91 per month|
|5% Builder Deposit Paid||£7,500|| |
|Total Monthly Repayment|| ||= £819.44 per month|
A stunning £150,000 new home could cost just £819 per month - with no deposit to pay!!
We understand that everyone's situation is unique, so our Independent Financial Advisors are on hand to talk you through how CanBuy can help you make your home buying dreams come true.
TERMS AND CONDITIONS
*This example is based on the buyer of a home costing £150,000 applying to a mortgage lender for a mortgage of £127,500 (85 per cent of the purchase price) and Hitachi Capital (UK) PLC for an unsecured personal loan of £15,000 (the other 10 per cent). The other 5% (£7,500) will be paid as a 5% Deposit Paid Contribution by the developer. Borrowing £127,500 on a 35-year, full repayment basis via a mortgage with an interest rate of 4.59 per cent on a 2 year Tracker product means a monthly cost of £610.53. Borrowing the other £15,000 through a Hitachi Capital (UK) PLC unsecured loan, with a fixed interest rate of 14.9 per cent, repaid over 15 years on a capital and interest basis, means a monthly cost of £208.91.The combined cost is therefore £819.44. The actual amount of the loan will depend on Hitachi’s lending criteria and the offer is available on selected plots only. It is also subject to use of Hitachi appointed conveyancers Legal Marketing Services Limited. Terms and conditions apply. We reserve the right to withdraw or alter this offer at any time prior to the payment of a reservation fee. Customers must complete a Credit Agreement with Hitachi and Hitachi reserves the right to withdraw or alter this offer at any time prior to its acceptance of a Credit Agreement. Prices were correct at the time of going live.