With Deposit Boost*, we will gift you £5,000 towards your deposit, making it even easier for you to secure your perfect home.
The thousands that you save could be used towards other costs such as legal fees, or even furniture for your new home.
So, whether you’re a first-time buyer in need of a larger deposit, or you’re an existing homeowner who would like that little bit extra to secure a more competitive mortgage rate, we can help.
How does it work?
Here’s an example of how it works. If you were looking to purchase a home priced at £200,000 and you would like to put down a 10% deposit, you would need £20,000. With our Deposit Boost incentive, we would gift you £5,000 towards your deposit, meaning you would only need to save £15,000.
Who is eligible?
Our Deposit Boost incentive is available to both first-time buyers and existing homeowners.
However, please note that this incentive will be subject to mortgage lender conditions, and only available on certain plots at specific developments.
How do I apply?
There’s no need to apply for our Deposit Boost incentive, in fact, the whole process is really simple:
Step 1
Determine your budget and prepare your finances with our planning to buy guide.
Step 2
Browse through our range of developments and homes to find the perfect one for you.
Step 3
Simply speak with our Development Sales Manager at your chosen development – they’ll let you know if the home you love is eligible.
Mortgage Calculator
Our easy-to-use, free online mortgage calculator is perfect for anyone who is interested to find out how much their monthly mortgage repayments might be.
Calculate your Stamp Duty
Use our handy calculator to work out how much Stamp Duty you'll pay on your new home.
Offer is open to UK residents, aged 18+ and is available when reserving selected homes. Please contact our development sales centres for further information on homes included in the offer.
The offer is subject to lender's approval and successful completion. The purchaser must disclose their intention to claim this incentive to our Development Sales Manager prior to entering into a reservation agreement with St. Modwen Homes and paying the reservation fee in relation to a qualifying home. The purchaser must pay the standard reservation charge and exchange deposit on the selected home and complete the purchase.
St. Modwen Homes will pay 5% of the purchase price of a qualifying home. The purchase price used to calculate this payment is the price agreed at the point of reservation and is exclusive of stamp duty, costs and fees. The payment will be awarded as a deduction from funds due on completion.
St. Modwen Homes reserves the right to suspend, cancel or amend this offer.
This offer cannot be used in conjunction with any other discounts, promotions or offers and cannot be redeemed retrospectively.
No cash or other alternative.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER DEBT SECURED ON IT.
The incentive and these terms (including any non-contractual disputes or claims arising out of them) are subject to English law. Any disputes must be referred to the English courts. Purchasers in Scotland and Northern Ireland may additionally bring an action in their home courts.