Stewart Milne Homes launches 95% Mortgages in Scotland

After the enormous success of the New Buy scheme in England, Stewart Milne Homes is proud to offer the highly anticipated MI New Home, 95% mortgage scheme across Scotland.

Available on homes valued up to £250,000, the MI New Home Scheme is aimed at assisting anyone hoping to move into a brand new property with an affordable deposit.

The scheme has been created to assist existing homeowners with small savings who want to move and first time buyers taking their first step on the property ladder. It is estimated that approximately 6,000 people across Scotland will benefit from the government-supported MI New Home scheme.

At the forefront of this innovative new plan is developer Stewart Milne Homes, whose aim is to help get the housing marketing moving again by supporting the re-introduction of 95% mortgages back into the lending mainstream.
Stewart Milne Homes boasts 13 developments in the Central belt of Scotland alone, with a range of properties including 2 bedroom terraced mews and 6 bedroom detached family homes.

At the popular Morningside Gardens development in Wishaw, a 2 bedroom terraced mews is available from £119,950 and complete with built-in wardrobes, landscaped front garden, gas fired radiator central heating and high performance double glazed windows for energy efficiency. The superior quality of build on this Stewart Milne home is now available with an affordable 5% deposit – perfect for home buyers who have struggled in the past to save for the standard 20% deposit.

With an aim to also assist growing families to take their next step up the property ladder, Stewart Milne Homes offers spacious 4 bedroom detached homes set in the beautiful and rural surroundings of Ardgowan Rise, Inverkip. These perfect family homes are priced from £206,500 and feature all of the high quality standards expected from Stewart Milne Homes such as en suite facilities, high quality custom designed German kitchens and landscaped gardens.

Also available in Central Scotland and with the MI New Home scheme are properties in Stewart Milne Homes, Morningside Gardens development. Nestled in the countryside just east of Wishaw where rural and urban living happily co-exist, the Morningside Gardens development boats a superb collection of 2, 3 and 4 bedroom homes starting from £119,950.

With interest already stirring, the launch of MI New Home in Scotland provides an exciting time for any home buyer, whether first time or experienced.

For more information on the MI New Home scheme, drop into any Stewart Milne Development or see the Stewart Milne Homes website or call 0845 075 8287. For buyers looking for a home in England, Stewart Milne Homes also offers 95% mortgages as part of the government-backed NewBuy Scheme.