Friday 23 August 2013
MI New Home launched to help buyers in Scotland
Buyers of a Story Home in Scotland can now take advantage of the MI New Home incentive.
MI New Home is supported by the Scottish Government and allows buyers to secure a mortgage with as little as 5% deposit. The scheme was developed by the home building industry, working in partnership with lenders, and aims to overcome the issue of the requirement for a large deposit.
Anybody buying a new home, not just first time buyers, can use MI New Home to apply for a 95% mortgage against a home with a value up to £250,000. Story Homes are currently offering MI New Home on properties at our award winning Summerpark development in Dumfries.
Louise McGuckin, Head of Sales at Story Homes said: “MI New Home is a fantastic product for buyers with a smaller deposit. If you want to own your dream home but only have 5% deposit, speak to us and we can help you make the most of the Scottish Government supported scheme.”