Buy your new Stephen Home in 2012 for 85% of the purchase price

For those currently looking to move from rented accommodation or First Time buyers saving for a deposit on a new home, A & J Stephen have introduced for the New Year a Shared Equity Plan designed specifically for you.

For just 85% of the purchase price you can move into your dream home early in 2012.

Our Shared Equity arrangement enables you to purchase at a level you are comfortable with now. This allows you to budget for repayment of the balance over a period of up to 10 years or indeed when you decide to move on to what we would hope is another Stephen Home.

It could not be easier to make this move with Stephen and remember you will own 100% of your new home but pay only 85% of the purchase price on the date of entry.

The key features of this arrangement are:

You own 100% of your new home for just 85% of the purchase price.

You only have to provide a 5% deposit.

A & J Stephen secure our 15% investment through a second charge on your home with the mortgage lender having the first charge.

You may decide to repay the 15% investment we hold at any time within the agreed period but not beyond the 10th anniversary of the arrangement.

You will be assisted through the mortgage process by First Mortgages who are independent financial advisers, to ensure you fully understand the Shared Equity arrangement and mortgage application process.

Our Shared Equity Plan is currently available on selected 2 and 3 bedroom houses at:

• Bearehill, Brechin
• West Churchfields, Errol
• Balgarvie Mill, Scone

Why the Stephen Shared Equity Plan could be Right for You

In each of the above instances you will only have to find 5% deposit as opposed to the 10 to 15% you would normally have to find if you were looking to secure a mortgage on the full purchase price. The other significant benefit is the lower mortgage interest rate you should be able to secure as you are only looking to fund 85% of the purchase price. This means that when your 5% deposit is taken into account you are only looking to secure an 80% mortgage.

Please speak to our Sales Adviser today and they will put you in touch with First Mortgages who are regulated by the FSA to provide independent impartial advice. First Mortgages will ensure you understand the Shared Equity Plan and mortgage application process.