1/15
£490,000
Rent now, choose to buy later with 10% off to help with your deposit
Financial criteria:
Minimum household income of £108,000 p/a *
* This is pre-tax
You also need to:
- be between 18 and 55 years old
- have the legal right to rent in the UK
- have no unspent criminal convictions
- (if you’re self employed), have a minimum 1 year’s worth of tax returns including the current tax year
If you’ll be living with a partner, you’ll need to include them on your application.
If you own another home your Deposit Bridge home must be your primary residence.
If your name is still on the mortgage for another property, for example a former family home after a separation, we may still be able to help on a case-by-case basis.
Home 121, The Mulberry is a beautifully designed 4 bedroom detached home that everyone will love. The separate sitting room has a bright and airy feel to it and will provide a quiet space and sanctuary. There is a downstairs cloakroom, a storage cupboard and a useful utility room with outdoor access. The open-plan kitchen/diner with bi-fold doors to the rear garden is the perfect family hang out spot or the place to be when entertaining guests. The first floor hosts four good sized bedroom – bedroom 1 with its luxurious en suite shower room - and a family bathroom. There is also a garage and driveway parking for two cars. Included are PV solar panels, electric vehicle charging point and a waste water heat recovery system.
Deposit Bridge is a brand new rent-to-own product that lets you move into a new-build home now, with the option to buy it later at a 10% discount which could replace the deposit you’d need for a mortgage. Rent now with more to show for it later.
How Deposit Bridge works:
- Move in with just 1% of the property value upfront to secure your right to buy, with no fees or traditional rental deposit required
- For the next 5 years, rent this home with fixed monthly payments - no increases for as long as you live there!
- Make the home yours, with the freedom to decorate, personalise the space and keep pets*
- After five years, choose whether to buy the home and receive a 10% discount to the home’s market value if you buy, replacing the mortgage deposit you would otherwise need to save**
- If you decide the home is not right for you, move on and receive a cash payment of up to 7% of the home’s value*
* Subject to the terms of your agreements
** Mortgages are subject to availability, with terms and eligibility determined by the lender. Wayhome doesn’t provide financial or mortgage advice, you should seek independent financial advice before making any decisions.
- Ledbury Rail Station (2.1km)
- Colwall Rail Station (7.3km)
- Great Malvern Rail Station (11.5km)
- Malvern Link Rail Station (13.0km)
