Pay just 75% and owning your own home becomes 100% reality
For an easier way to afford a new home, it’s time to Move Up.
‘Move Up’ from Countryside Properties can make the home you want become a reality. Whether you’re just starting out on the property ladder, or simply can’t afford the property you want, Move Up could be the perfect option to ease the financial burden. With many buyers finding it difficult in the current climate, you could soon be looking forward to a new home without the cost of a full mortgage. Choose a new Countryside Properties home, pay just 75% of the value and we will look after the welfare of the other 25%.....for now. There’s no deposit and your home is 100% yours from day one. It’s that simple!
How it works.
- You buy 100% of a new home but pay just 75% of the purchase price.
- Own your own home right away.
- *No rent or interest to pay on the outstanding 25% for the first 5 years.
- Only a nominal amount of interest thereafter.
- Return 25% of the market value of your home when you sell, or within 10 years.
- You own 100% of your property from day one. There is no shared ownership scheme.
- Legal and survey fees paid up to £1,000.
- Anyone can apply, you don’t have to be a first time buyer.
- Countryside’s position is to be protected by means of a Second Legal Charge ranking behind your principle mortgagee.
How to make it happen.
Applying for Move Up couldn’t be easier. Simply ask a Countryside Properties sales advisor or call 08000 856 857 to get the ball rolling. You’ll first be referred to an independent financial advisor. Should you proceed, you’ll next be invited to use one of a range of reputable independent solicitors recommended by Countryside Properties.
To see which developments are closest to you and those that are participating in the scheme, please click on any of the developments featured on this page. The offer is available on selected Countryside Properties homes, so to secure the property you want , contact Countryside Properties today.
When does the remaining 25% need to be repaid?
You simply pay back 25% of the market value of the property when you sell or transfer, or within 10 years, whichever is sooner. There is no interest or rent to pay on the 25% share for the first 5 years. From the sixth year there is a low interest rate fixed at just 3% APR on the initial value of the original 25% share loaned, or the outstanding share owed at that time.
Am I able to repay the 25% without selling the property?
Yes. At any time during the 10 year period, you can repay or part pay the loan, subject to a market valuation of the property. Part payments must be 20% or more of the original loan amount.
How is the market value of the property arrived at?
The market value of the property is determined by the average of three independent valuations carried out by chartered surveyors.
Does Move Up let me buy to let?
The scheme is only available if you are buying a Countryside Properties home as your personal principal residence.
Will I have to pay anything else?
On full or part repayment of the 25% you will pay solicitors’ and valuation fees. There is also a £500 commitment fee, but this is refundable on completion. Stamp duty may also apply.
What happens if I can’t repay the 25% within 10 years?
Should financial difficulty occur, we will look carefully at your situation and may decide to extend the loan period up to a further 5 years.
What if there is a change in the market value of the property?
At resale, your repayment will be 25% of the market value whether that is more or less than the purchase price.
| Value On Purchase |
Equity Share Of CP (25%) |
Value on |
You repay |
| £160,000 |
£40,000 |
£180,000 |
£45,000 |
| £160,000 |
£40,000 |
£140,000 |
£35,000 |