Financing your dream home

Mortgage Guarantee Scheme

Our Custom Build New Homes are available to purchase with the new Mortgage Guarantee Scheme

The new government-backed Mortgage Guarantee Scheme will help first time buyers or current homeowners secure a mortgage with just a 5% deposit. The scheme, which launched on the 19th April 2021, provides 95% Loan-To-Value mortgages on homes up to £600,000, subject to usual affordability checks.

By offering lenders the option to purchase a guarantee on mortgages where a borrower has a deposit of only 5%, the scheme provides an affordable route to home ownership for aspiring home-owners. Whilst it is not limited to first time buyers, the scheme will not be available on buy-to-let or second homes.

The Mortgage Guarantee Scheme is open for new mortgage applications from April 2021 to December 2022.

Self-Build Mortgages

For self-builders at Graven Hill, if you need to borrow money to fund your project then finding the right mortgage for your build is crucial.

A self-build mortgage is different to a standard mortgage, as the money is released in stages as you progress through the build rather than in a lump sum. There are different ways in which the money can be released, and this will be dependent on the self-build mortgage you choose.

We recommended you speak to a self-build finance expert as early in your project as possible.

Please note: all self-builders at Graven Hill must be qualified by Buildstore.

Help to Buy at Graven Hill

Our Custom Build New Homes are covered by the Help to Buy scheme.

If you are a first-time buyer, you can apply for a 20% equity loan from the Government meaning that you only need a 5% cash deposit and a 75% mortgage to cover the rest.

The new Help to Buy scheme is available to first-time buyers only and a new maximum price cap on eligible homes. Not only does the scheme help to make your dream home more affordable, much of the process can also be completed online so you can progress with your new home purchase quickly and efficiently.

Bespoke Custom Build Mortgage Pilot Scheme

Cherwell District Council’s new Bespoke Custom Build Mortgage scheme is aimed at supporting local people in accessing self-build mortgages on select plots at Graven Hill.

Up to 5 mortgages will be supported through this pilot scheme, which will be available on select Mix and Match Self-Build plots. The scheme will provide a loan of up to 95% of the value on the Mix and Match plot and Cherwell will indemnify up to 20% on each mortgage. Borrowers will require a 5% deposit, which is non-refundable.

Visit the Cherwell District Council website to find out more about how the scheme works, your eligibility and how to apply.