Housebuilder Stonebond is offering savvy buyers across its impressive portfolio of residential developments with an opportunity to secure a new home with a fixed rate mortgage of 2% for two years*.
The Stonebond Mortgage Cap works in a simple way; when the interest rate for purchaser’s new mortgage is over 2%, Stonebond will cover the remainder of their monthly interest payment.*. The total extra cost will then be calculated for the duration of the two-year period, which will then be paid by way of an allowance on completion. The value of the incentive will also be determined by individual circumstances and lender criteria.
Annette Cole, Sales & Marketing Director at Stonebond comments: “The Stonebond Mortgage Cap is available to help customers purchase their dream home at one of our stunning new developments in Cambridgeshire, Essex and Bedfordshire. By providing a fixed rate mortgage of 2%, we are confident that buyers will have the peace of mind to make the important decision to take a step onto the property ladder for the first time, or either upsize and downsize to their ideal home.”
Duane Savage at Country Properties said: “Although it’s great to see that the market has been busy since the New Year, purchasers are still cautious. The Stonebond Mortgage Cap incentive provides them with an unmissable opportunity, offering customers the security and peace of mind they are so keenly looking for, the incentive also makes the first two years of living in their new home much more affordable.”
What’s more, Andrew Mannion, Group New Build Development Director at Mortgages First & RSC New Homes, explains why now is an ideal time to purchase a new home, despite varying market conditions: “The tide appears to be turning in from a mortgage perspective. Inflation is easing and the markets are pointing towards base rate reductions in second half of 2024. This in turn provides the markets with confidence, which has resulted in the first sub 4% mortgage product since the mini budget of October 2022.”
He continues: “Mortgage lenders are keen to lend, we have seen some great improvements to lending criteria and affordability over the last few months, since interest rates have started to fall. There has never been a better time since October 2022 to look to obtain a mortgage!”
Properties to purchase with Stonebond
Stonebond’s Wintringham development in St Neots is one location that comprises a range of three and four- bedroom, energy-efficient homes. It is surrounded by the rolling greenery of the Cambridgeshire countryside and sits just 17 miles from Cambridge.
At Woodbanks in Takeley, near Bishop’s Stortford, 11 acres of open green space are home to high-specification three bedroom bungalows and four bedroom homes designed for modern living. The carefully considered internal flow of the homes deliver flexible spaces that work seamlessly for enjoying family time, entertaining, working from home and more.
An hour away from Woodbanks, The Appleyard in Flitton has three, four and five bedroom houses with many ready to move into. The attractive rural village setting is just 18 miles from Milton Keynes, 15 miles from Bedford and 11 miles from Luton. Surrounded by beautiful countryside, the Georgian-inspired properties blend country life with modern living.
A beautiful and preserved woodland sets the scene for the final development. Arranged in mews and terraced styles, along with detached homes that overlook open green spaces, the homes at Waterbeach connect residents with nature in a special, ecologically enriched environment. Final few two bedrooms apartments remain, while houses offer either three or four bedrooms -all ready to move into this summer. The properties showcase Stonebond’s commitment to blending sustainability with stylish interiors.