Date: Tuesday 24 November 2009
A relieved Rugby homebuyer is celebrating getting back on the property ladder after our West Midlands office solved his deposit shortfall and secured him a more cost effective mortgage!
Jonathan Jenkins (34) (together with partner Lisa Brzozowski, age 25) ended months of rental frustration when purchasing a four bedroom detached property at Caldecott Manor on Boughton Road, but it was only made possible when Taylor Wimpey matched their 10% deposit and gave them access to far better interest rates and a much lower monthly mortgage payment.
For Jonathan, the good news also came after a traumatic period because, recently divorced, he was renting just around the corner from Caldecott Manor to be close to the ex-marital home which his wife took on.
He explains: “We only had a £20,000 deposit that Lisa raised, as I had no equity, however when the sales executives pointed out that was 10% of the Highclere home we’d set our hearts on – and that they could provide the other 10% required - we couldn’t believe our luck. It meant we could have an all-important 80% mortgage and borrowing against £170,000 rather than £210,000 finally meant a manageable monthly payment. The Deposit Match loan is interest free as well, which is cheaper than going to any bank.
"This Deposit Match scheme does exactly what is says on the tin and is managed by Taylor Wimpey’s independent financial advisors and solicitors, which making the whole process very straightforward. They also cover stamp duty and legal fees, so it’s a win, win situation as far as we’re concerned."