Miller homes extends new scheme in Derbyshire
Published: 2009-08-18 15:22:11
Award-winning housebuilder Miller Homes East Midlands has extended a Government-backed scheme that has successfully increased confidence in the new homes market. (Story sourced from Derbyshire Property News)
The Homebuy Direct (HBD) scheme means that those who qualify have the opportunity to purchase 100 per cent of a property by paying only 70 per cent of the value, with both Miller Homes and the Government equally funding the remaining 30 per cent.
The 30 per cent equity loan will only become repayable after 25 years or when the customer sells their home, whichever comes first, and there is no interest payable for the first five years.
