REDUCED rate mortgages or a £99 deposit are among the options available to help make owning a new home in Ross-on-Wye easier.

Edenstone has signed up to two schemes to help get people moving to new homes at St Mary’s Garden Village.

By partnering with Own New, to offer the rate reducer scheme, Edenstone buyers will have access to lower interest rates and reduced monthly mortgage repayments during the initial mortgage period.

Alternatively, there’s deposit unlock, a scheme devised in collaboration with lenders and the home building industry, which offers purchasers the opportunity to buy a new home with a low deposit while still being able to access competitive interest rates. This could be a deposit of as little as £99 but would typically be five per cent  with a 95 per cent mortgage.

Edenstone Group operations director Chris Edge said: “People tell us they want to move but they’re waiting for lower interest rates or until they have a more substantial deposit before committing to buy.

“We’ve been exploring how we can help buyers navigate their finance options and have come up with two potential solutions. They’re both exclusive to new build homes and have the potential to make a significant difference to buyers’ budgets.”

St Mary’s Garden Village features a good choice of two, three and four-bedroom homes and score the highest energy performance certificate rating of A.