Struggling to save a deposit needn’t hold up your plans for buying a new home any longer.
Mortgage provider, Perenna, has a range of 95% Loan-to-Value mortgages available exclusively for first time buyers who are ready to get on the property ladder. And with a 5% deposit contributed by Lovell Homes, you could be moving into your brand-new home sooner than you ever imagined possible.
So even if you don’t have any deposit savings yet, we can help you make your first move and put your home ownership plans in action.
You could lose your home if you don’t keep up your mortgage repayments.
How it works
Supported by Lovell Homes and available at selected developments:
1
You choose your Lovell home
2
We contribute 5% of the purchase price towards your deposit
3
You secure a Perenna 95% LTV mortgage (subject to lending criteria)
4
You get on the property ladder without waiting to save up a deposit
Who is eligible?
This offer could be ideal for you if:
You have a steady income but are struggling to save a deposit
You are currently renting but would rather own your own home
You have some savings, but would rather put them towards other life goals
You would like to move forwards with your home ownership plans today rather than tomorrow
Making affordability simple and transparent
Example:
You wish to buy a new Lovell home that costs £250,000.
Deposit you need to provide £0.00
Lovell will contribute a 5% deposit of £12,500
Your mortgage will be 95% LTV
Mortgage amount: £237,500
View developments offering 5% Deposit Contribution
The 5% deposit contribution offer is available on selected new homes in England and Wales.
What are you waiting for? What to do next
Find out where this offer is available. Search developments >
If it is available at your preferred development, call that number and talk to a friendly Lovell sales advisor.
They will be able to determine if you are eligible for the offer and arrange an appointment for you.
A little more about Perenna
Perenna is a UK bank with a clear goal: to help create a nation of happy homeowners and confident savers.
Its fixed-rate mortgages run from 5 to 10 years. You can choose a shorter term for flexibility or a longer one for certainty.
Terms and Conditions
This offer is available on selected plots at a limited number of Lovell Homes developments.
Eligibility is at Lovell Homes’ discretion, is subject to receiving regulated advice from an approved mortgage broker and is ultimately subject to lender terms and conditions.
This offer cannot be used in conjunction with any other scheme.
You could lose your home if you don’t keep up your mortgage repayments.
This promotion is approved by Perenna Bank PLC.
Perenna Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 956138. Perenna Bank PLC is a company registered in England and Wales with company number 13084174. Registered office: The Bloomsbury Building, 10 Bloomsbury Way, London, WC1A 2SL.
