Censeo / New Build Homebuy
Together we’ll succeed
New Build Homebuy is frequently referred to as Shared Ownership or part buy/part rent. New Build Homebuy is a scheme designed to help people who cannot afford to buy their property outright.
Open Market Homebuy
Open Market Homebuy is a scheme where you buy a property outright with the assistance of a conventional mortgage and or savings and an equity loan granted by a Home Buy Agent.
Social Homebuy
Social Homebuy is designed to allow tenants of either a local authority or registered social landlord assistance to buy their current home.
First Time Buyers Initiative
First Time Buyers Initiative has been created to provide assistance to key public sector works (such as police officers, teachers or nurse) and other groups identified as priorities by Regional Housing Boards.
Genesishomes offers buyers the opportunity to own a home using the New Build Homebuy scheme exclusively. To find out more about Open Market Homebuy, Social Homebuy or the First Time Buyers Initiative you will need to contact your local Homebuy Agent.
Type
Fixed Rate
Intial Rate
7.89%
Duration
31/08/2011
Subsequent Rate
5.94%
Overall Cost for Comparison
6.8% APR
Early Repayment Charges
4% of the outstanding mortgage within one year of completion, 3% in year two and 2% in year 3
Incentives
None
This is a summary of information and interest rates of one of the mortgages currently available to Censeo. This product is subject to other criteria that may or may not mean it is available to you or suitable depending on your individual circumstances. Other fees and charges apply. For a more accurate figure please contact Censeo for a personalised illustration. APR is calculated based on a £100k capital and interest mortgage over a term of 25 years, and figures are correct at the time of going to the Internet in December 2008. Information for this table has been taken from the Trigold Mortgage Sourcing system.