Ways to buy

What is the Deposit Contribution Scheme?

With the Deposit Contribution scheme, we’ll contribute up to a further 5% of the sale price on top of your deposit. This means you’ll need to borrow less from your lender.

How does it work?

Here’s an example of how the Deposit Contribution Scheme could work for you:

• You find an EWL Living home you love at £465,000
• You have a 10% deposit, £46,500
• We could contribute up to 5%, £23,250
• Your total deposit is now £69,750
• You would then need to borrow £395,250 (or an 85% LTV mortgage) (rather than having to borrow £418,500 (being a 90% LTV mortgage))

Who is eligible for the Deposit Contribution Scheme?

All homebuyers purchasing with finance are eligible for the Deposit Contribution scheme if they can show they have a minimum of 5% deposit ready to go.

Deposit Contribution Scheme Terms & Conditions

EWL Living’s Deposit Contribution is available only at the developments where it is specifically advertised as being available and only on selected plots within such developments. The Deposit Contribution is only available to customers who are purchasing with mortgage finance. EWL Living will contribute towards the overall deposit sum required for the purchase price of the relevant selected plot, as agreed at point of reservation. The maximum contribution amount will not exceed 5% of the selected plot purchase price. The amount of the Deposit Contribution will be determined by EWL Living in its absolute discretion on a case-by-case basis. To be eligible for Deposit Contribution you must be able to prove at the point of reservation that you are in possession of sufficient funds to meet your contribution towards the agreed deposit amount and that you have been financially qualified by an Independent Financial Advisor to obtain finance in respect of the balance of the purchase price. You must pay the standard reservation fee on the selected plot on reservation. The Deposit Contribution will be deducted from the total sale price of the relevant selected plot on legal completion and cannot be substituted for a cash payment. Incentives are subject to availability and cannot be used in conjunction with any other offer or scheme. EWL Living reserves the right to withdraw or alter this offer at any time. For further information regarding the Deposit Contribution, please speak to the Sales team.

Assisted Move

How it works

• Pay a £2,000 reservation fee to secure your new home for four weeks
• We arrange three independent valuations of your existing home and propose a realistic selling price, based on a sale within 28 days
• If you do not wish to accept the offer, we refund your reservation fee in full
• If you decide to proceed, our nominated agent markets your property
• After four weeks, we review the situation and extend your reservation period, if appropriate
• When your home is under offer, we issue contracts and the legal process begins
• Contracts must be exchanged within 28 days after contracts are issued

Benefits

• EWL Living pays the estate agent fees, saving you money
• We liaise with the agent and keep you informed, saving you time and stress
• You have the peace of mind that your new home is reserved, while your existing property is on the market