At Tornagrain, you can choose between buying your new home outright (with or without a mortgage) or through our Shared Equity Scheme, whereby an equity loan helps you to keep your deposit and monthly repayments to a minimum.
*Terms & Conditions apply. Please visit https://www.placesforpeople.co.uk/new-homes/ways-to-buy/mortgage-contribution/ for more information on Mortgage Contribution and for specific offer details and qualifications terms, speak to a Sales Advisor to find out more.
*Shared Equity Terms and Conditions: Dependant on income, circumstances, and rates. Information correct as of 24/05/2024. Indicative costs – rates are subject to change. All loans are subject to credit approval and can vary upon credit score and loan to value. Your home may be repossessed if you do not keep up repayments on your mortgage. For illustration purposes only. Purchase price £250,000 – Shared Equity purchase price £150,000 (based on 40% shared equity loan). 5% deposit of purchase price, £12,500 35-year mortgage term. Mortgage amount £137,500. This is a five-year fixed mortgage term with monthly payments £693.07 and initial interest rate of 4.99%. Additional fees may apply. Figures have been pulled from Nationwide and Halifax. We recommend taking advice from your recommended broker who will find the right deal for your buying circumstances.