Start your Seddon Homes journey with a deposit-free 100% mortgage

Posted on May 12th, 2023

Are you tired of renting and ready to take the leap into homeownership? For many, the biggest obstacle is coming up with a large deposit, but what if you could get a deposit-free 100% Track Record mortgage? That’s right, no need to save up for a down payment, simply apply for your mortgage and move into your dream Seddon home. In this article, we’ll explore the introduction of 100% mortgages, who is eligible, and whether it could work for you. 

What is a deposit-free 100% mortgage?

A deposit-free 100% Track Record mortgage is a type of mortgage where you can borrow the full amount of the purchase price of a home without having to put down a deposit. Traditionally, mortgage lenders require a deposit of at least 5-10% of the purchase price of the home, which can be difficult for those that are paying large amounts of rent each month. 

Who is eligible?

The 100% Track Record mortgage is now exclusively available with Skipton Building Society for first-time buyers that have been renting for at least 12 months.* To qualify, you will need to have a proven track record of your monthly rental payments as well as your household bills for 12 months or more within the last 18 months.

How does a deposit-free 100% mortgage work?

So, by now you’re probably wondering how this fantastic new scheme works. Well, it’s pretty simple, especially with the help of Seddon Homes. Simply contact the Sales Advisor from your desired development, and they will put you in touch with one of our recommended independent regulated mortgage advisors to check your eligibility. 

Once your eligibility has been confirmed, it’s time to reserve your plot and apply for your mortgage. Your mortgage application for the 100% mortgage will then be submitted by an expert from our panel of recommended independent regulated mortgage advisors. It’s as easy as that. 

Purchase your dream Seddon Home with a deposit-free 100% mortgage 

Here at Seddon Homes, we’re all about making the buying process as affordable as possible, so, when we heard about the introduction of 100% mortgages, we couldn’t wait to share the news. So, if you’re ready to take the next step into home ownership, we have a fabulous range of stunning homes at equally stunning developments available for you. 

Whether you’re after a modern 2-bed home, a fabulous 5-bed, or anything else in between, you’ll find your perfect home here with us. So, what are you waiting for? Secure your dream Seddon Home with a deposit-free, 100% mortgage today.

*T&C’s apply. Subject to criteria.

*Your home may be repossessed if you do not keep up repayments on your mortgage.

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