Seddon Blog

Secure the your home at Mosaic with our deposit builder scheme

Posted on June 6th, 2014

The story of young first time buyers being unable to raise a deposit to buy their home is a common one these days. While Help to Buy has gone a long way to helping people onto the first rung of the ladder, we are still seeing many visitors to our Mosaic development struggling to raise the 5% deposit needed to purchase the home they have fallen in love with.

At Seddon Homes we have introduced a new scheme to help overcome this problem — it’s called Deposit Builder. Deposit Builder has been especially put together for first time buyers who may be struggling to find the minimum deposit and set up fees required to secure a new Seddon home.

The scheme is really simple – Seddon will agree a savings plan and ensure an independent financial advisor assesses your mortgage suitability. If acceptable to both parties, Seddon will hold the home of your choice for an extended period while you save your deposit. The saving scheme means you make weekly/fortnightly or monthly payments as agreed… secure in the knowledge your new Seddon home is waiting for you!

Denis Maddock, Sales and Marketing Director for Seddon Homes said ‘We have already had 2 reservations for homes on the new phase at Mosaic using this scheme. These homes are currently still being built and the scheme has allowed the buyers to secure their chosen plot whilst raising the balance of their deposit over the coming months while the build is completed. It is great news for buyers as without this option their chosen homes would probably have been reserved while they saved.”

To find out more about securing your home at Mosaic with Deposit Builder, contact us today and we’ll talk you through it step by step.

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