skip to main content

HomePlus

home plus banner

Deferred Payment Scheme from Peveril Homes

BUY YOUR OWN HOME RIGHT NOW,
BUT PAY ONLY 85% OF THE PRICE

  • Pay back 15% of the market value of the property when you sell, or in 10 years time*
  • No rent or interest to be paid by you on the remaining balance
  • You own 100% of your home

home plus banner

Apply today

Contact Peveril Homes on 01773 880550 for further details - we will then refer you
to our independent financial advisor, if you proceed we'll also introduce you to one of our independent solicitors.
www.peverilhomes.co.uk

How?

We arrange a mortgage on 85% of the purchase price of a new Peveril home. The remaining 15% balance becomes a second loan from Peveril Homes, secured on the property but with no interest or rent to pay.

When do I repay the 15%?

15% of the market value should be paid to us when you sell or transfer - or within 10 years, whichever is sooner.

Is there anything else to pay?

Initially solicitor & valuation fees are payable along with a reservation fee of £99 to secure your home.

How is a valuation figure obtained?

When you make full or part repayment the market value of your home will be determined by two independent valuations.

What if the property price goes down?

Your repayment will be 15% of the market value - whether that is more or less than the purchase price.

How are home improvements accounted for?

The 15% repayment is calculated from the market value - less any improvements. So, if you've added a garage then you keep the value of this yourself.

What if I can't repay the 15% within 10 years?

Payment of the deferred 15% must be paid on or before the 10 year anniversary or on the re-sale of your home within that time. The loan period may, in severe cases, be extended for up to a further 5 years.

Whatever your circumstances, come and talk to Peveril Homes - you never know what kind of assistance we might be able to provide. You can do that right now by calling our head office on 01773 880550

*Offers available at selected developments on specific plots and subject to applicants status. Terms and conditions apply. Not available in conjunction with any other offers. Images used for illustrative purposes only.