BloorHomesStart 2

BloorHomesStart 2 is a new and exciting scheme by Bloor Homes, which gives you the chance to own 100% of your new home for an agreed percentage of the price now.

With this scheme, it has been shown that it can be cheaper to buy a brand new home rather than rent a property.

Particularly in the current market where the cost of houses is lower than it has been for some time, now is an ideal time to buy, as historically it has been known for properties to recover and increase to above their market value over a 5-10 year period.

Typical Example (based on 90% / 10%):

Purchase a typical Bloor Home priced at £205,000. You pay just 90% (£184,500) of the value at time of purchase. You then have up to 10 years to pay the remaining 10% balance at the current market value at the time of repayment.

This is secured by a second mortgage. i.e if the property is sold or transferred for £210,000 then 10% (£21,000) is payable to the company plus costs. Likewise if the property was to be sold or transferred for £200,000 then 10% (£20,000) is payable to the company plus costs.

BloorHomesStart 2 is not available with any other offers and is only available on selected plots on selected developments.

"The Property is 100% yours, this is not shared ownership"

Terms and conditions are available on request and any other loan arrangement must be made through Bloor Homes recommended Independent Financial Advisor.

Your home may be repossessed if you do not keep up repayments on your mortgage or any other loan secured on it.

* Subject to particular developments and applicants status.

** Offer available on selected plots - subject to applicant's status. A nominal reservation fee on exchange of contracts may be levied