YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP THE REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT
†HERE ARE THE DETAILS: If you qualify for the maximum 25% loan you raise a first mortgage for 71.25% of the price (£99,715) from your bank or building society and pay a 5% deposit of £5,248 (this is 5% of the Equity share). Miller Homes lend you the remaining 25% (£34,987), which is secured upon your home, for up to 10 years through MiWAY at 0% interest for 5 years, 4% per annum interest for the remaining term, payable monthly. 5.5% APR typical. Interest will be payable in monthly instalments and your repayment of 25% of the value of your home is repayable when you sell or transfer it, or after 10 years and will be payable in one lump sum. You must repay your first mortgage before you repay your MiWAY loan. If the value of your home falls there may not be enough sales proceeds to repay both loans. The MiWAY scheme is plot specific and subject to status. The MiWAY loan cannot be used in conjunction with any other offer. Miller Homes reserves the right to withdraw the MiWAY scheme at any time. *Subject to qualification by a Miller Homes’ approved financial adviser. Credit provided by Miller Homes Limited of Miller House, 2 Lochside View, Edinburgh EH12 9DH. Subject to Miller Homes' standard terms and conditions. See our website for full details. Prices and availability correct at time of going to print. Photography represents a typical Miller Homes' interior.
© Miller Homes 2011
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