This scheme is only available on selected plots and developments in England and Wales, and is available on houses only.
Hitachi Capital (UK) Plc (“Hitachi”) provides an interest bearing loan regulated by the Consumer Credit Act 1974 to qualifying Buyers of new Ward homes.
The interest payable by Buyers under the scheme is 5.9% APR (Representative) or such other rate as Hitachi may advertise from time to time.
The interest rate payable is fixed for the term of the loan.
The repayment term of the loan shall be 12 years and Buyers shall be permitted to make over-payments throughout the term without restriction or penalty.
Qualifying Buyers receive a loan of between £5,000 and £50,000 from Hitachi. The actual loan amount will depend on Hitachi’s lending criteria and cannot exceed 15% of the purchase price of the new Ward home.
Buyers must have a minimum 5% deposit in addition to the sum loaned by Hitachi.
The Buyer’s intention of taking advantage of this scheme must be disclosed at the time of reserving a Ward home and before any discount is applied.
The Buyer must use Legal Marketing Services Limited (or such other panel of legal conveyancers as Hitachi may from time to time appoint) for the purchase of the new Ward home.
The loan is paid by Hitachi to LMS for legal completion and the loan cannot be used for any purpose whatsoever other than for the Buyer to purchase the new Ward home.
This scheme can only be used in conjunction with select Ward offers and schemes.
The scheme is available on residential purchases only and is not available on buy to let properties.
Buyers must sign a credit agreement with Hitachi.
Hitachi terms and conditions apply to the loan.
Buyers must be over 18 years of age, UK residents and derive an income from employment, self employment or a pension.
Ward Homes General Terms & Conditions
Any promoted Ward offer is subject to contract and status. Offers are on selected plots only and are subject to availability. The offers advertised cannot be used in conjunction with any other offer on the same plot unless expressly stated otherwise. Prices and details are correct at time of going to press. All images are typical of Ward homes and are for illustrative purposes only. Please contact the development in which you are interested for further details.
Ward reserve the right to withdraw or alter any of these offers at any time prior to the payment of a reservation fee. Contracts must be exchanged within 28 days of reservation of your property. Failure to do so may result in the loss of all or part of your reservation fee.
The current specific offers being advertised in relation to selected Ward developments are also subject to the specific terms and conditions set out above (N.B. these offers may vary from time to time and you should refer to the development in which you are interested to discover which offers are available on specific plots and developments).
Ward will not be liable for the refusal of a mortgage based on the borrower’s individual circumstances which leads to the loss of any reservation fee. Ward will not be responsible for the failure of any deal due to any defects in your existing property which arise as a result of an inspection or survey, whether a part exchange deal has been agreed or not
These terms and conditions do not affect your statutory rights.
Ward Homes is trading names of BDW Trading Limited (Registered Number 03018173) which is a subsidiary of Barratt Developments Plc (Registered Number: 00604574) both with registered offices at Barratt House, Cartwright Way, Forest Business Park, Bardon Hill, Coalville, Leicester, LE67 1UF.
You are strongly advised to obtain financial advice from a New Homes Mortgage Adviser in respect of any mortgage product required. Ward Homes maintain a list of New Homes Mortgage Advisers who we recommend as having extensive knowledge of our offers and products and the associated mortgage requirements, though you may seek such advice from your own New Homes Mortgage Adviser if preferred.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE