Own a new Shelbourne home with just a 5% deposit
Finding the right home should be exciting, not stressful. That’s why we’ve created Great Start, an innovative buying scheme designed to make homeownership more accessible.
With Great Start, you could purchase a selected new Shelbourne Estates home with just a 5% deposit and a 45% mortgage, while enjoying 100% ownership of your home from day one. Shelbourne Estates then provides a 50% equity loan, interest-free for the first five years.
Whether you’re taking your first step onto the property ladder, moving to your next home or simply looking for a smarter way to buy, Great Start could help make your move more achievable.
Why choose Great Start?
✓ Buy with just a 5% deposit.
✓ Only require a 45% mortgage.
✓ Receive a 50% equity loan from Shelbourne Estates.
✓ Pay no interest on the equity loan for the first five years.
✓ Enjoy 100% ownership of your home from day one.
✓ Available on selected homes and developments.
How Great Start works
Once you’ve found your ideal home, securing it is simple.
Step 1: Reserve your home
Choose your preferred eligible home and reserve it with a nominal reservation fee.
Step 2: Pay a 5% deposit
You’ll contribute a deposit equivalent to just 5% of the purchase price.
Step 3: Arrange a 45% mortgage
You’ll then secure a mortgage for 45% of the property’s value.
Step 4: Receive a 50% equity loan
Shelbourne Estates provides the remaining 50% through an equity loan, which is interest-free for the first five years.
Step 5: Move in and enjoy
Your new home is 100% yours to live in and enjoy from the moment you complete.
A simple example
Purchase price: £400,000
Your deposit (5%) = £20,000
Your mortgage (45%) = £180,000
Great Start equity loan (50%) = £200,000
Total = £400,000
This means you can secure your new home with a smaller deposit and mortgage than you might traditionally require.
Who is Great Start for?
Great Start has been designed for a wide range of purchasers and may be ideal for:
- First-time buyers
- Existing homeowners looking to move
- Buyers with a smaller deposit
- Customers looking to reduce their mortgage borrowing
- Those seeking an alternative route to traditional home-buying schemes
The scheme is available on selected homes only. Speak to one of our Sales Advisors to find out which properties are currently eligible.
Interest-free for five years
One of the key benefits of Great Start is that the 50% equity loan is completely interest-free for the first five years, helping to keep your initial costs down and giving you greater financial flexibility.
What happens after five years?
After the initial five-year interest-free period, a fee of 1.75% of the loan value will apply. This fee increases annually in line with the Retail Price Index (RPI) plus 1%.
The equity loan is repayable when:
- You sell your home, or
- After 25 years,
whichever occurs first. If you wish, you can repay portions of the equity loan earlier, subject to valuation requirements and scheme terms
Frequently Asked Questions
Do I own 100% of my home?
Yes. Although Shelbourne Estates provides a 50% equity loan, you own 100% of your property from completion.
Is the equity loan interest-free?
Yes. The equity loan is interest-free for the first five years.
Can first-time buyers use Great Start?
Yes. The scheme is available to people purchasing a home to live in, subject to eligibility and participating plots.
Is Great Start available on every home?
No. Great Start is available on selected homes and developments only. Please speak to a Sales Advisor for current availability.
Can I repay the equity loan early?
Yes. You can make partial repayments or repay the balance in full, subject to scheme conditions and valuation.
How much deposit do I need?
Great Start requires a minimum deposit of 5% of the property’s purchase price.
Start your journey today
Great Start has been designed to help make owning a beautifully crafted Shelbourne Estates home more achievable.
Book an appointment