The team at Conroy Brook & Ben Bailey Homes will do their best to help you find your dream home.
Conroy Brook & Ben Bailey Homes have partnered with OWN NEW to bring our homeowners RATE REDUCER; a new way to bring prospective homeowners a simple and affordable mortage to secure their dream home!
- Secure a mortgage rate as low as 1%*
- Save up to £466 per month on your mortgage payments
- Reduce your mortgage interest rate by up to 3.19%**
- Own 100% of your property!
Rate reducer gives you lower monthly payments reducing costs over the initial product period (usually a 2 year fixed term) so purchasers can buy with as little as a 5% deposit.
It’s a simple mortgage product which takes a 3% or 5% incentive from the builder to reduce your monthly mortgage rate; current rates available are from 0.99% - 3.99% with loan to value between 60% and 95%. Once you’ve found the home thats right for you, your Sales Executive can recommend an Own New approved mortgage broker who will provide independent advice and guide you through the mortgage application process.
*Example assumes a 5% homebuilder incentive and is based on mortgage rates available in the market, with a 2 year initial period and an LTV of 75%. Savings made in the initial fixed period. Independent financial advice must be sought from a regulated mortgage broker to access this scheme. Your home may be repossessed if you do not keep up your mortgage repayments. Rates valid as of 22/02/2024.
**Example based on market interest rates, with an average house price of £350,000 and an average mortgage term of 30 years. Assumes a 5% homebuilder incentive and a 2 year fix, with 75% LTV mortgage. Independent financial advice must be sought from a regulated mortgage broker to access this scheme. Your home may be repossessed if you do not keep up your mortgage repayments. Rates valid as of 22/02/2024.
We currently have other fantastic options to help you. Find out more below.
Guaranteed Valuation
This scheme is designed to help find a buyer for your existing home quickly and enable a trouble- free move to your new Conroy Brook or Ben Bailey home.
This is how GUARANTEED VALUATION works:
- We will arrange for a valuation on your existing home via an independent local estate agent. The valuation figure is based on achieving an acceptable offer for your home within the 8 week reservation period.
- Our Sales Executive will discuss the agreed figure with you and if you are happy to market your existing home at the agreed price, you can reserve the Conroy Brook or Ben Bailey home of your choice and we will place your existing property on the open market. Conroy Brook / Ben Bailey will pay your estate agents fees and the cost of advertising your existing home to a maximum of £1000.
- You can now relax knowing that if you receive an acceptable offer on your property (agreed with Conroy Brook or Ben Bailey Homes) which is lower than the GUARANTEED VALUATION, we will make up the difference.
For example: We agree that the GUARANTEED VALUATION of your property is £250,000 and you receive an offer on your existing home of £245,000. You can accept the offer of £245,000 in the knowledge that we will make up the difference by £5,000. If, of course, you receive an offer higher than the GUARANTEED VALUATION figure you will receive the full amount.
To find out more about this scheme please speak to the Sales Executive on the development you are interested in.
Terms and Conditions; The local independent estate agent is nominated by Conroy Brook or Ben Bailey Homes. The Guaranteed Valuation figure is the value which Conroy Brook / Ben Bailey Homes believe will generate an offer on your existing home within the 8 week reservation period. Conroy Brook / Ben Bailey Homes reserve the right to cancel your reservation after 8 weeks should an acceptable offer on your existing property not be forthcoming.
Ben Bailey Homes Owners Club Discount
Ben Bailey Homes are proud to offer a £5000 discount off the purchase price of any new home. This discount is available to anyone (including any family member) who lives in a Ben Bailey built house (all the way back to 1933) and any ex-employee of Ben Bailey Homes.
Terms and Conditions; Offer available on selected plots only, subject to contract and status. There is no cash alternative to the value of this offer. Offer to be claimed at the point of reservation. It is only available on a home that will be the applicant’s main residence and not for investment/buy-to-let properties or second homes. You will need to provide proof of address. Ben Bailey Homes’ decision in respect of the validity of any proof and eligibility is final. In the unlikely event of any dispute arising in connection with the entitlement to the discount or benefits confirmed by this offer, Ben Bailey Homes has the final decision. Offer may require reservation and exchange to have taken place by a particular date, which may vary for different plots. Offer may be withdrawn at any time prior to reservation of the relevant plot.
Key Workers Incentive
3% off the advertised sales price up to a maximum of £12,000!
Terms and Conditions; Offer available on selected plots only, subject to contract and status. If you are an eligible Key Worker, you will be offered a discount equal to 3% of the advertised purchase price of the new home you choose to buy, up to a maximum discount of £12,000. Any such discount offered may include and take into account the value of any options already fitted in the new home you choose to buy. Although the offer can be used as a simple discount off the purchase price, there may be other ways we can help you in a more personally tailored way, subject always to the terms of the offer i.e. any discount offered from the purchase price or otherwise shall always equal 3% of the advertised purchase price of the new home, up to a maximum amount of £12,000 (which may include and take into account the value of any options already fitted in the new home). There is no cash alternative to the value of this offer. Only one Key Worker Discount Offer may be used in the purchase of a property and no other offers may be used in conjunction. Offer to be claimed at the point of reservation. It is only available on a home that will be the applicant’s main residence and not for investment/buy-to-let properties or second homes. You will need to provide proof of eligibility as a key worker as we have defined here in order to qualify for this offer and the key worker needs to be purchasing the property (i.e. named on the reservation and title of the property). Ben Bailey Homes’ decision in respect of the validity of any proof and eligibility is final. You will need to provide proof of your eligible employment in the form of your most recent payslip, together with an email or letter confirmation from your Line Manager confirming your employment. If you are working on a temporary contract, then it needs to be of at least 6 months’ duration and have at least 3 months of the contract term remaining at the time of reservation. The Ben Bailey Homes Key Worker Discount Offer is available to Key Workers only. For the purposes of this offer: “Key Worker" means an individual currently employed (in any capacity) by one of the following bodies; NHS, Education, Police Force, Fire Service, Ministry of Defence, Environmental Service, Highways England, Probation Service, Local Authority and Prison Service.
First Time Buyer Deposit Contribution
Ben Bailey Homes are proud to offer a 5% deposit contribution towards any new home on the Harrop Mews or Rockingham Fold development. In addition, there is no stamp duty to pay under £300k for first time buyers.
Offer is to contribute towards your deposit up to a maximum of 5% of the purchase price of the new home you choose to buy from us. This will be a one-off payment, and the relevant contribution will be deducted from your completion statement. Offer is subject to the purchaser confirming a full reservation on the plot being purchased. Offer may require reservation and exchange to have taken place by particular dates, which may vary for different plots. Offer may be withdrawn or altered at any time prior to payment of the reservation fee of the relevant plot. Offer cannot be used in conjunction with any other offer. Offer is subject to your lender's criteria and may reduce the equity to mortgage ratio. Offer may not be accepted by some lenders or may lead to refusal to provide a mortgage based on your circumstances. Offer may be withdrawn at any time prior to reservation of the relevant plot.