With our Head Start scheme you can buy a brand new home with only 80% mortgage and 5% deposit, we’ll pay the other 15% which you can pay back in up to 10 years* – exclusively for first time buyers and key workers wanting to live in Scotland and Wales.  Talk to us today to find out how Head Start could work for you.

The key benefits:

• Exclusive offer for first time buyers and key workers in Scotland and Wales

• You only need a 5% deposit

• 15% is a loan from us for up to 10 years

• So you’ll only need a mortgage for 80% of the purchase price

How does the Head Start scheme work?

5% deposit payable by purchaser. Mortgage finance is arranged on 80% of the purchase price.  The remaining 15% is a loan that you don’t have to pay back for 10 years or when you sell or transfer your home, whichever is sooner.

Are any other costs involved?

Legal fees, mortgage arrangement fee, valuation fee, moving costs and stamp duty will be payable by you.

If I improve my property do I have to pass 15% of the increased value to David Wilson Homes?

No – any increase in value due to your improvements will be deducted first.

What if the market value of my property decreases?

The repayment is 15% of the market value at the point of resale, transfer, or the end of the 10 year period, whether this is more or less than the original purchase price.

Can I buy a property to rent out?

Sorry – the David Wilson Homes Head Start scheme is only available for those buying a home as a place to live in Scotland or Wales.

How do I apply?

You need to inform your David Wilson Homes Sales Adviser who will refer you to an Independent Mortgage Advisor. If you decide to proceed with a loan, you will be asked to use one of a number of independent solicitors recommended by David Wilson Homes.

For full Terms and Conditions click here.

*Offer is only available on selected properties priced up to £300,000. A £500 Head Start reservation fee is payable at reservation stage but is fully refundable on legal completion. Subject to status, and David Wilson Homes terms and conditions, including exchange of contracts within 28 days and legal completion by the specified date. Written details available on request. David Wilson Homes cannot give you any financial advice.

Typical example: Purchase a property at £250,000, 80% (£200,000) is payable at time of purchase. 5% purchaser contribution at £12,500. If property is sold or transferred for £260,000 then 15% (£39,000) is payable to David Wilson Homes. If the property is sold or transferred for £240,000 then 15% (£36,000) is payable to David Wilson Homes.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.