Q: Who is eligible for Powermove 100%?
A: If you are looking to buy a home to live in, you are eligible for Powermove 100% (subject to status)

Q: What is the Powermove 100% scheme?
A: In a nutshell, Powermove 100% is a 100% mortgage, enabling you to buy your new home with no deposit and benefit from the best range of mortgage products. You take out a 75% mortgage with Halifax Bank of Scotland, Rowland provides the remaining 25% mortgage on an interest free basis for the first five years.

Q: Does this mean Rowland owns part of my house?
A: NO - the property is 100% yours. This is not a shared ownership scheme. The aim of Powermove 100% is to empower you to buy the home of your dreams by funding a quarter of your mortgage.

Q: What is the interest rate on the 25% after the first five years?
A: After the interest free five year period, a nominal three per cent APR will be charged.

Q: When do I have to repay the 25% mortgage with Rowland?
A: The 25% is repayable when you sell your home, or within 10 years, whichever is sooner. You can also choose to repay the 25% in full, or in part at any time.

Q: If I make improvements to my property, will I have to pass on 25% of its Increased value to Rowland?
A: NO - when you come to sell your home, the market value is less any improvements. 

Q: What if the market value of my property decreases?
A: In the unlikely event your property decreases in value, you pay Rowland 25% of its market value at the point of resale - even if this is less than the original purchase price.

Q: What if I can't repay the 25% mortgage from Rowland after 10 years?
A: Under circumstances of genuine hardship, Rowland will review your mortgage period.

Q: Are there any additional costs I will have to pay for?
A: You will need to pay a reservation fee of £500 as a pledge of your commitment to Powermove 100%. This is refunded to you upon legal completion.
Legal fees, valuation fees and stamp duty (if applicable) are the buyer's responsibility.

Q: Can you recommend a mortgage broker and solicitor?
A: Yes, when you sign up to Powermove 100% you will benefit from the service of our recommended financial advisors and solicitors.  

ALL THE ANSWERS TO YOUR MORTGAGE QUESTIONS POWERMOVE

EXAMPLE: If you buy a home for £150,000, you pay 75% of this price (£112,500) at the time of purchase. If you sell your home for £160,000, 25% (£40,000) is repayable to Rowland. If you sell your home for £140,000, 25% (£35,000) is repayable to Rowland.

TALK TO YOUR SALES NEGOTIATOR NOW TO BENEFIT FROM POWERMOVE 100%



POWERMOVE from Rowland is an easy way to get you moving and is only available on selected developments and selected plots under £200,000 and cannot be used in conjunction with any other deal. You could own 100% of the property but only pay an initial 75% of the price, the remaining 25% is provided by Rowland, interest free for the first 5 years. The offer is subject to status and Rowland's terms and conditions, including exchange of contracts within 28 days and legal completion by a specified date. Rowland cannot offer any financial advice. The mortgage is arranged by Clear Financial Services Ltd. Clear Financial Services Ltd is an Appointed Representative of Personal Touch Financial Services Limited which is authorised and regulated by the Financial Services Authority. Consumer Credit Licence Number 536949. Registered office 45/49 Greek Street, Stockport, Cheshire SK3 8AX. Company Number 4687143. Written details are available on request. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.