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Easybuy Scheme

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I have recently seen the following scheme run by a leading property developer to attract buyers to a new property development:

With our EasyBuy scheme own 100% of your

home and pay only 75% of the purchase price

now! on selected 2 bedroom apartmentsYou pay only 75% of the purchase price now

Your home is 100% yours from day one - this is not shared ownership

You pay no interest or rent on the outstanding 25%

The deferred interest free amount is paid back as 25% of the property’s open market value at any time up to resale or within 10 years, whichever is sooner

This scheme also benefits from legal and survey fees paid up to £1000*

*using developers recommended IFA and solicitors

The market valuation is established by the average of two independent surveys carried out by two independent chartered surveyors

Just wondered what some of your thoughts were on it. The only problem i can see is when it comes to selling the property, but i may be being blind. <_<

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