The scheme, which is currently unique to Kier Homes, works by offering potential buyers a Step One + secured loan combined with a traditional first mortgage. This means eligible buyers can now purchase a new home with as little as 5% deposit as well as offering them 100% ownership.
This deal means that upon viewing a Kier home, potential buyers will then be referred to Kier’s nominated financial adviser who will tailor a package which fits the purchaser’s individual requirements. This could put an end to the impossible task of trying to save for the large deposits mortgage lenders are now asking for and is a great opportunity for first and second time buyers alike.
