With Rezide you could buy with a 15% equity loan 

Rezide is a new scheme designed to help you buy a brand-new home with just a 5% deposit and a 15% equity loan. This means you only need a mortgage for 80% of the property price.

For example, if you were looking to buy a £300,000 home, you would need to have at least a £15,000 deposit (5%), you could then receive a £45,000 equity loan (15%). You would then only need a mortgage for £240,000 (80%).*

The scheme is available to both first-time buyers and existing homeowners on selected new homes in England and Wales, up to a value of £660,000.

Speak to one of our Sales Advisers today to find out more and how to apply - it could be the key to your new home.

With Rezide you could increase your homebuying budget with a 15% equity loan (up to a maximum of £100,000), and still own 100% of your home.

You need a minimum 5% deposit, so this means you only need an 80% mortgage which could give you access to more favourable interest rates.

The equity loan has a fixed interest rate of 4% for the entire term, giving you certainty over your repayments*, and you can repay part or all of the equity loan at any time without early repayment charges.

It is available to both first-time buyers and existing homeowners, so you can get moving sooner.

To be eligible for the scheme you must be a UK resident and the main buyer needs to be at least 21 at the start of the loan, and no older than 75 at the end of the loan term.

The home you purchase with the scheme must be a new-build home in England or Wales, and it must be your residential home, it cannot be used for buy-to-let, as a holiday home or for any commercial purposes. 

You must contribute a minimum 5% of the property value as a deposit, and pass the lending criteria*. You must also be able to secure a mortgage from a qualifying lender for a maximum of 80% of the purchase price.