Allison Homes launches scheme to help Devon homeowners shrink their mortgage costs

Devon housebuilder Allison Homes is launching a purchase contribution scheme, helping property seekers to reduce their monthly mortgage costs.

Homebuyers who reserve selected homes on or before 31st March 2024 will receive a contribution from Allison Homes upon completion. This can then be put towards homeowners’ monthly mortgage costs, helping them be reduced to the equivalent of a two per cent fixed interest rate, for up to two years*.

The contribution will be based on a 35-year mortgage with a 90 per cent loan to value (LTV) ratio, and capped at five per cent of the home’s purchase price.

Michele Jones, Head of Sales at Allison Homes South West, said: “We understand how challenging the current market is for homebuyers, which is why we’re happy to be launching our purchase contribution scheme. With this offer, our goal is that many more property seekers will be able to secure their dream Allison home and minimise their expenses.

“Our homes in Devon are proving hugely popular, so we would encourage anyone who is interested to get in touch with our friendly sales teams without delay, to take advantage of this fantastic scheme.”  

The scheme is on offer at Allison Homes’ four Devon developments, High Moor View in Winkleigh, Weavers Place in North Tawton, Foxglove View in Buckland Brewer and Primrose Meadows in Bradworthy, where a range of two, three and four bedroom homes are available.

To find out more about the available homes, visit https://allison-homes.co.uk/development/weavers-place/, https://allison-homes.co.uk/development/high-moor-view/, https://allison-homes.co.uk/development/foxglove-view/ and https://allison-homes.co.uk/development/primrose-meadows/. For Weavers Place call 07485 917459, for High Moor View call 07485 910988, for Foxglove View call 07485 917460 and for Primrose Meadows call 07930 121426.

*T&Cs apply. UK residents, 18+. Offer is for the aggregate cost of the difference in customer’s mortgage payments between 2% and up to 5% fixed rate for a maximum of 24 months (maximum cap of 5% of the purchase price) to be deducted from the completion statement. Contribution will be based on an indicative mortgage calculation based on 90% ‘loan to value’ ratio set for 35 year term mortgage. Available on selected homes only, on new reservations on or before 31st March 2024. Subject to lender’s criteria & approval. Exclusions apply. Cannot be used in conjunction with other offers & cannot be redeemed retrospectively. Conditional on paying full asking price unless otherwise stated. Not available as payment holiday or as cash. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER DEBT SECURED ON IT. We will not provide you with mortgage advice, but you may wish to speak with a recommended mortgage broker. Promoter: Allison Homes Group Limited of Fleet House, Cygnet Road, Hampton, Peterborough, PE7 8FD. See https://allison-homes.co.uk/twopercent for full T&Cs.