Take advantage of our mortgage deposit contribution incentive

This Land is always looking for ways to help buyers get on the property ladder or move up it. It’s important to recognise that in the current climate, saving for a 10 per cent deposit on a house can be a tough ask.

So, what if that 10 per cent deposit contribution was halved to 5 per cent, with the developer contributing the other remaining 5 per cent? That is exactly what is on offer through This Land’s 5 per cent Mortgage Deposit Contribution initiative.

Brenda Kibblewhite from This Land explains more.

“It may feel a particularly challenging time to be looking to purchase your first home or move from your current property. Those in the property sector have a responsibility to respond to the financial landscape accordingly and do what they can to stimulate the market. Therefore, help is at hand.

“How does This Land’s deposit contribution incentive work in practice? Well, a home buyer interested in a house worth £300,000, and looking to buy with a 90 per cent loan-to-value mortgage would ordinarily need to save £30,000 in order to put down a 10 per cent deposit.

“However, through the 5 per cent deposit incentive, This Land is offering to gift the homebuyer up to £15,000 towards that deposit, meaning there would only be a requirement to save half of the deposit value themselves.

“The initiative is available now, subject to mortgage lender conditions, on a limited number of our brand new two to four-bedroom homes at the Spiregrass Square development in Over.

“This ideal location offers a warm community feel combined with the benefits of country living, while also providing excellent transport links, meaning the city of Cambridge is just a 15-minute guided bus journey away.

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“The 5 per cent deposit incentive aims to provide home buyers who require that extra level of support in these challenging times a financial leg up to help secure their dream home.

“All This Land homes come with high quality specification as standard. These include air source heat pumps, underfloor heating to the ground floor, contemporary handleless kitchens with integrated appliances, sleek white sanitaryware from Roca, fitted wardrobes to the principal bedroom, and a 10-year warranty provided by LABC.”

Prices on the homes available in Over start from £299,995. Contact This Land’s Home buying executive today on 07388 673364 or email spiregrass@this-land.co.uk to find out more. Visit our website at This-Land.co.uk.

*Terms and conditions apply. The 5 per cent deposit contribution offer is plot and development specific and subject to mortgage lender conditions. The offer is only available on selected properties. This incentive is not available with any other offer and can be withdrawn at any time. Offer valid until September 30, 2023.