How Elli and Josh Bought Their Dream Home at Mill Vale

Buying a first home can feel like a daunting challenge, especially when saving for a deposit while managing everyday expenses. For first-time buyers Elli and Josh, the journey to homeownership became much more achievable thanks to our 5% Deposit Match Scheme* at Mill Vale.

Today, they're settling into their dream home and enjoying everything that comes with owning a brand-new home.

Taking the First Step onto the Property Ladder

Like many first-time buyers, Elli and Josh had spent months searching for a home that offered the right balance of location, quality and affordability. While they knew what they wanted, building a deposit large enough to purchase a property seemed like one of the biggest hurdles.

When they discovered Mill Vale in Middleton, they immediately saw the potential, Eli said:

"We knew straight away that Mill Vale was somewhere we could see ourselves living. The homes were exactly what we were looking for, the location is ideal and the development has a real sense of community."

How the 5% Deposit Match Scheme Helped

One of the biggest advantages of Kellen Homes' 5% Deposit Match Scheme is that buyers who have saved a 5% deposit can receive a further 5% contribution from Kellen Homes.

This effectively creates a 10% deposit, helping to reduce the loan-to-value ratio and potentially opening the door to more favourable mortgage products.

For Elli and Josh, that extra support made a significant difference, they said:

"The scheme gave us a real boost. Knowing our 5% deposit would be matched helped us feel much more confident about buying our first home and made purchasing our dream home with a 90% mortgage achievable."

How does 5% Deposit Match Work?

Kellen Homes' 5% Deposit Match Scheme is designed to help eligible buyers take the next step onto the property ladder.

Step 1: Save a 5% Deposit

To qualify, buyers need to save a 5% deposit towards the purchase price of their new home. Buyers should also budget for any Stamp Duty that may be payable and legal fees associated with their move.

Step 2: Choose Your New Kellen Home

Once you've found your dream Kellen home, you'll need to seek financial advice if you plan to purchase using a mortgage. Kellen Homes can help connect buyers with a New Homes Mortgage Specialist to explore available options.

Step 3: Kellen Homes Matches Your Deposit

Kellen Homes then contributes a further 5%, turning your 5% deposit into a 10% deposit. A larger deposit may provide access to improved mortgage deals and potentially lower monthly repayments, depending on individual circumstances.

Find out more about our 5% Deposit Match Scheme*

Enjoying Life at Mill Vale

Now settled into their new home, Elli and Josh are enjoying all the benefits of buying new.

From modern living spaces and energy-efficient features to the reassurance of a new-build warranty, they feel confident they've made the right decision, they told us:

"Moving into our first home has been an incredible experience. The support we received throughout the buying process was fantastic, and we're so excited about the future here."

Thank you to Elli and Josh for sharing their story, we wish you all the happiness in your new home!

*t&c apply - speak to our Sales Team to find out more about our 5% Deposit Match.

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