Terms & Conditions

The Terms & Conditions of all St. Modwen Homes offers and schemes are provided below. If you have any queries, please contact the sales team at the relevant development.

General Terms & Conditions for St. Modwen Homes

Any promoted St. Modwen Homes’ offer is subject to contract and status. Offers are on selected plots only and are subject to availability. The offers advertised cannot be used in conjunction with any other offer on the same plot unless explicitly stated otherwise. Prices and details are correct at time of going to press. All images are typical of St. Modwen Homes’ properties and are for illustrative purposes only. Please contact the development in which you are interested for further details.

St. Modwen Homes reserves the right to withdraw or alter any of these offers at any time prior to the payment of a reservation fee. Contracts must be exchanged within 28 days of reservation of your property if you are a First Time Buyer, using the Help to Buy scheme, an Investor, a Cash Purchaser, a Non-Dependent Buyer or if you are Part Exchanging, unless otherwise stated.

If you are a homeowner who has sold your property Subject to Contract or are using the Help to Buy scheme in conjunction with the Assisted Move Scheme, contracts must be exchanged within 42 days of reservation of your new property, unless otherwise stated.

A reservation fee of £1000 is required to secure your new home, an administration fee of £500 will be retained in the event of cancellation. (These terms exclude Help to Buy)

The current specific offers being advertised in relation to selected St. Modwen Homes’ developments are also subject to the specific terms and conditions set out below.

Accuracy of Information

St. Modwen Homes has taken all reasonable care in the preparation of the contents of this website and intends that the information is accurate at the time it is uploaded. However, such information can be subject to change and therefore we do not warrant its accuracy. Particulars are for illustration only. We operate a policy of continuous product development and individual features may vary from time to time. Consequently, these particulars should be treated as general guidance only and do not constitute a contract, part of a contract, or a warranty. You should take appropriate steps to verify any information upon which you wish to rely. To find out more about a development, we advise that you visit the sales office during opening hours and speak to one of our experienced Sales Advisors. St. Modwen Homes shall not be liable for damages of any kind or nature whatsoever arising out of or related to the use of this website or the information it contains.

Early Bird

The following terms and conditions are applicable to anyone that enters into an Early Bird agreement with St. Modwen Homes.

This offer is subject to General Terms & Conditions for St. Modwen Homes:

Any promoted St. Modwen Homes’ offer is subject to contract and status. Offers are on selected plots only and are subject to availability. The offers advertised cannot be used in conjunction with any other offer on the same plot unless expressly stated otherwise. Prices and details are correct at time of going to press. All images are typical of St. Modwen Homes’ properties and are for illustrative purposes only. Please contact the development in which you are interested for further details.

St. Modwen Homes reserves the right to withdraw or alter any of these offers at any time prior to the payment of a reservation fee. Contracts must be exchanged within 28 days of reservation of your property if you are a First Time Buyer, using the Help to Buy scheme, an Investor, a Cash Purchaser, a Non-Dependent Buyer or if you are Part Exchanging, unless otherwise stated.

To Reserve a St. Modwen Home, buyers need only put down a fully refundable deposit of £250.00 complete an Early Bird reservation form and then simply wait for the home to be released for sale at which time you will have first refusal to buy. You have 48 hours to decide if you wish to proceed, If for any reason you cannot proceed with the purchase, St . Modwen Homes will refund the £250.00 deposit.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Part Exchange

The offer for your existing home to be taken in part exchange towards the purchase of a new St. Modwen Homes property is subject to the following standard conditions:-

  1. Our offer is subject to the carpets; curtains; nets/blinds; floor coverings; gas/electric fires; alarm system; fixtures and fittings being included in the exchange property, i.e. left in the property. Full details will be confirmed at the inspection carried out by the St Modwen Homes representative.
  2. Part exchange will only be available where the home being traded in is no more than 70% of the selling price of the plot being purchased.
  3. Exchange of Contracts and legal completion on your new home must proceed by the expiry date (to be confirmed by our solicitors).
  4. We would be permitted to put your present home on the market immediately and you would agree to give access to purchasers at any reasonable time.
  5. Upon vacation of your existing home, all possessions will be cleared out entirely; all services turned off or heating left on at our specific request, and the property secured in an approved manner.
  6. A House Buyers’ Report will be acquired on your property and any further specialist reports recommended. Any adverse comments may result in us making a revised offer or declining to purchase the property. If St. Modwen Homes withdraws from the transaction, monies paid are non-refundable.
  7. Upon vacation, the property will be left in a clean and tidy condition, all surfaces and sanitary ware cleaned, all floors vacuumed or washed/polished.
  8. The garden must be maintained in a good condition up to legal completion and before completion all/any refuse or garden rubbish should be removed and the garage (if any) entirely emptied.
  9. A retention of £500.00 will be held, pending inspection of your property following vacation, to ensure that Items 1, 4, 6 & 7 are complied with.
  10. The offer remains open for 48 hours from the verbal offer made by your St. Modwen Homes Sales Colleague.
  11. We will require you to provide us with a Gas Safety Certificate from a Gas Safe registered plumber, together with an Electrical Safety Certificate from a qualified electrician. An exchange of contracts will not be able to take place until we are in receipt of these certificates.
  12. Offer can be withdrawn at any time.

Please be aware, Part Exchange is only available at certain developments and on specific plots.

Part Exchange Max 

The first 4 weeks existing homeowner property to be marketed as per Assisted Move terms and conditions below. If no sale agreed within 4 weeks homeowner then agrees to the home being sold to St. Modwen Homes under  Part Exchange terms and conditions above. Offer available at selected development on selected plots only. Eligibility criteria apply.  Removal Costs paid subject to using our nominated company’

The offer is only available on homes that will be the applicant’s main residence and not for investment or second homes. This offer is not available when purchasing a home through Home Reach. Only one offer may be used in the purchase of a property and is not available with any other offer. This offer is not available in conjunction with Help to Buy.

There is no cash alternative to the value of this offer and can be withdrawn at any time.

Assisted Move

The following terms and conditions are applicable to anyone that enters into an Assisted Move agreement with St. Modwen Homes.

  1. You agree to St. Modwen Homes appointing a nominated estate agent who will market and sell your existing property.
  2. You agree you will have no control over which estate agent we instruct, or the terms of that appointment.
  3. We agree to pay the estate agent’s commission plus VAT up to a maximum of 1.5% of the plot purchase price, for marketing and selling your existing property provided you legally complete on the purchase of a new St. Modwen Homes’ property.
  4. You agree not to instruct another estate agent to sell your existing property until your Assisted Move agreement has ended, that no party is currently negotiating to purchase your existing property and that no introduction has already been made by another party.
  5. In the event that any existing contract with your estate agent cannot be cancelled without penalty, or if there is a penalty for dual agency, St. Modwen Homes will not be liable for any extra fees as we cannot be responsible for obligations contained in third party contracts. Please note that you will be liable for cancelling your agreement with your existing estate agent and for any abortive costs or dual agency fees according to your contract.
  6. You agree to allow reasonable access to your property for viewings and survey purposes and to co-operate fully with our estate agents in their endeavours to market and sell your property.
  7. We will continue to market the plot and reserve the right to sell the plot to a proceedable purchaser before an offer is received.
  8. We will take a reservation fee of £500 once an offer is accepted on your home. £250 is refundable in the event of you not securing a sale on your existing home.
  9. Offer can be withdrawn at any time.

First Time Buyer Boost 

£99 reservation fee is taken at the point of reservation. Carpets and flooring are from the St. Modwen Homes standard range only. Legal fees covered to the value of £1,000.

The offer is only available on homes that will be the applicant’s main residence and not for investment or second homes. This offer is only valid for purchasers who are first time buyers and proof of this may need to be provided. This offer is not available when purchasing a home through Home Reach. Only one offer may be used in the purchase of a property and is not available with any other offer. Availability of this offer in conjunction with Help to Buy is subject to approval from Homes England.

There is no cash alternative to the value of this offer and can be withdrawn at any time.

Recommend a Friend

Please carefully read the below terms and conditions that apply when using the Recommend a Friend offer.

  1. The Recommend a Friend card must be presented to your Sales Consultant at the time of reservation to qualify for the offer, it will not be valid at any other time during your purchase.
  2. At the time of presenting this card, the person recommending must have already purchased and legally completed on their new St. Modwen home.
  3. A £250 cheque will be issued to both parties after legal completion has taken place.
  4. In the event of legal completion not taking place due to either party pulling out of their purchase for any reason the Recommend a Friend offer will be void.
  5. Only one Recommend a Friend card can be used on the purchase of any single property.
  6. This offer is not available to employees of St. Modwen Homes, any person connected or related to such an employee, St. Modwen Homes’ agents or any person either connected professionally with this company or offer, or acting in a business capacity.
  7. The recipient(s) of the £250 is responsible for declaring and paying any tax that may be due on this payment.
  8. St. Modwen Homes reserve the right to withdraw this offer at any time.

£100,000 Recommend a Friend Prize Draw 2021

UK only (excluding Northern Ireland). Purchase necessary. The promotion runs from 01 December 2020 to 30 November 2021 (inclusive).

For full terms and conditions for £100,000 Recommend a Friend Prize Draw please click here.

Help to Buy: Equity Loan (2021 – 2023) – England

This offer is only available to eligible first-time purchasers on selected new build plots and developments in England only. This new scheme operates from 1 April 2021 to 31 March 2023. The amount you can borrow is dependent on the region the home you wish to buy is in:

Region                        Price cap

East Midlands           £261,900

West Midlands         £255,600

South West               £349,000

North West               £224,400

South East                 £437,600

London                      £600,000

  1. Help to Buy is only available on repayment mortgages and on properties which are occupied by the individual or individuals taking out the mortgage.
  2. To access the equity loan, all purchasers must meet the criteria set out by Homes England and you must be approved by the Help to Buy Agent. Further information eligibility criteria is available from: www.ownyourhome.gov.uk/scheme/help-to-buy-2021-2023/
  3. Purchasers are required to raise funding (which includes a mortgage and a deposit) of not less than 80% of the property purchase price (excluding any mortgage fees). The property will be subject to a first charge in favour of the mortgage company. Your deposit must be a minimum of 5% of the full property purchase price. The mortgage lender’s criteria may affect any deposit percentage and whether it applies before or after the equity loan is deducted from the purchase price.
  4. Homes England will provide an equity loan to eligible first-time purchasers of not less than 10% and not more than 20% of the full purchase price subject to the terms of the equity loan agreement. For London, this is up to a maximum of 40%.
  5. The equity loan provided by Homes England will be secured by way of a second charge on the property behind the first charge referred to in item 4.
  6. Purchasers must agree to repay the loan in full, plus any interest accrued and management fees.
  7. For the first 5 years, the equity loan provided by Homes England is interest-free. There is a payment of a £1 monthly management fee to pay by Direct Debit.
  8. From year 6, interest will be payable by you at an annual gross rate of 1.75% of the amount you borrowed. The figure will rise each year in April by the Consumer Prices Index plus 2%. You will also continue to pay the monthly management fee of £1 for the life of the loan. The above fees do not count towards paying back the equity loan.
  9. You must repay the equity loan to Homes England when you: (i) sell the property; or (ii) pay off the repayment mortgage on the property; or (iii) reach the end of the equity loan term which is 25 years from legal completion of the property.
  10. You can repay the equity loan to Homes England at any time following legal completion. Repayment whether in full or in part will be based on the market value of the property at the time of the repayment(s) and you will have to arrange and pay for the valuation of the property at that time. At any time, you can make part repayments of at least 10% of what your home is worth, to reduce how much you owe. For example, you could repay 10% if you took out a 20% loan. Or repay 10%, 20% or 30% at a time if you took out a 40% loan. To work out how much you pay back we need to know the current market value of your home.
  11. If you are selling your property, the equity loan will be repayable on either (i) the market value of your property; or (ii) the price your property sells for, whichever is the highest. This means that if the market value of your property increases, so does the amount you repay on your equity loan. If the value of your property decreases, the amount you owe on your equity loan will also decrease. This may result in Homes England being paid more or less than the original loan value.
  12. If, on the sale of the property, the price of the property has fallen and there is insufficient money from the sale to repay the equity loan after the mortgage has been paid you will lose any deposit you paid towards your property. Homes England will not however seek to recover the balance of their equity loan from you.
  13. Detailed terms and conditions apply to the equity loan which will be made available to the purchaser via their legal advisors as part of the conveyancing process.

Help to Buy – Wales: Equity Loan Phase 3 (From April 2021)

Anyone purchasing a new home under Help to Buy – Wales: Equity Loan is subject to the following terms and conditions:

  1. Help to Buy – Wales: Equity Loan phase 3 (from April 2021) is only available on selected new build plots and developments in Wales only. The maximum property value for Help to Buy – Wales is £250,000.
  2. You must:
  3. Pay a minimum cash deposit of 5% of the purchase price of your new home at exchange of contracts.
  4. Arrange a repayment mortgage of at least 25% of the purchase price of your new home.
  5. An equity loan is secured against your property in the same way a repayment mortgage is. The Help to Buy – Wales: Equity Loan scheme is not regulated by the Financial Conduct Authority (FCA).
  6. For the first 5 years:
  7. The equity loan is interest-free; You will be required to pay a £1 monthly management fee by Direct Debit.
  8. From year 6:
  9. You will be required to pay the £1 monthly management fee;
  10. You will be required to pay a monthly interest fee of 1.75% of the equity loan;
  11. Interest fees will rise each year in April by the Consumer Price Index (CPI), plus 2%;
  12. You will be required to continue to pay interest until you repay your loan in full.
  13. You must repay the equity loan when you pay off your repayment mortgage, sell your home or reach the end of your loan term, normally 25 years.
  14. You must be able to fund up to 80% of your selected property through a combination of a conventional repayment mortgage, and a minimum cash deposit of 5% of the purchase price. You must take out a first charge repayment mortgage with a qualifying lender. When you buy your new build home with an equity loan, you must be able to afford the monthly fee and interest payments. The home you purchase must be your only home. You must tell us if you or anyone you are buying with has a connection with a homebuilder, as this could affect your eligibility for the equity loan scheme. The Help to Buy – Wales scheme was established to provide support to people who want to become homeowners, who would not otherwise have access to an affordable mortgage or be able to get onto the property ladder. Therefore, if your financial position shows you can secure a 90% first charge mortgage, without the support of Help to Buy Wales, then you will not be offered Help to Buy – Wales assistance. Your Independent Financial Advisor will be able to provide you with further advice.
  15. When you take out your equity loan, you agree to repay it in full, plus interest and management fees. You must repay your equity loan in full: (8.1) at the end of the equity loan term; or (8.2) when you pay off your repayment mortgage; or (8.3) when you sell your home; or (8.4) if you do not comply with the terms set out in the equity loan contract and we ask you to repay the loan in full. There are no monthly equity loan repayments to reduce the total amount of equity loan you borrow. You can pay off all or part of your equity loan any time before then.
  16. Further details on the scheme can be found at https://gov.wales/help-buy-wales

Keyworker Offer

Keyworker offer is valid on selected developments and plots only and is available on full reservations taken before 31st March 2022, on homes legally completing in 2021 and 2022. Offer includes a tailor-made deal to the maximum value of £5,000 and can include optional upgrades subject to build stage. Cash discounts and other incentives such as legal fees will be subject to lenders’ terms and conditions and are at the full discretion of St. Modwen Homes. Our Sales Consultants will be able to discuss the packages available and best way to match your needs.

The offer is only available on homes that will be the applicant’s main residence and not for investment or second homes. This offer is not available when purchasing a home through Home Reach. Proof of eligible employment will be required at the point of reservation and acceptance will be at the discretion of St. Modwen Homes. Proof can be in the form of a most recent payslip, together with an email or letter confirmation from your line manager. Only one person purchasing the property needs to be from an eligible worker as per the Government guidelines, which can be found here. Only one Keyworker offer may be used in the purchase of a property and is not available with any other offer. Availability of this offer in conjunction with Help to Buy is subject to approval from Homes England.

There is no cash alternative to the value of this offer and can be withdrawn at any time.

Stamp Duty Extension until 30th September 2021

Stamp Duty extension offer is available on selected developments and plots only, and is not available with any other offer. Offer must be declared at point of reservation. Stamp duty will be paid upon completion for properties legally completing from 1st July 2021 to 30th September 2021 inclusive. You must also be purchasing your only or main residence to qualify for stamp duty paid. Offer can be withdrawn at any time. There is no cash alternative.

5% Deposit Paid

Offer is available on selected developments and plots only, and is not available with any other offer. Only available on selected properties. A contribution of up to a maximum of 5% deposit payable at the time of completion and is subject to lenders criteria. Offer can be withdrawn at any time. There is no cash alternative.

Mortgage Paid Offer

Offer available on selected developments and plots only. The mortgage paid amount will be calculated on your projected mortgage payments on the property you have purchased from St. Modwen Homes for the first 6 months from legal completion. This may be different to your actual mortgage repayments and evidence of your mortgage repayments will be required. The amount we pay may not fully cover all your mortgage payments in the first 6 months. Offer will be capped to a maximum value as stated on the advertisement and may vary from development and plot. Offer must be declared at point of reservation and is subject to lenders terms and criteria. Offer may not be accepted by some lenders or may lead to refusal to provide a mortgage based on your circumstances. It is the homeowners responsibility to use the money to help keep up with mortgage repayments. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Our standard reservation terms and conditions apply. The offer cannot be used in conjunction with any other offer and St. Modwen Homes reserve the right to withdraw the promotion at any given time.

The Starting Block

The Starting Block is available on selected homes on selected developments only. Use of The Starting Block is subject to plot build stage and lender approval. This purchase option cannot be used in conjunction with any other offer including but not exclusive to First Time Buyer Boost, PX Max, Home Reach, Help to Buy, Part Exchange, Stamp Duty Holiday offer, Key Worker offer or Assisted Move. It is not available on apartments or any of the following developments: Littlecombe, Weogoran Park, Locking Parklands, Digbeth One 2, The Dice and Austin View.

£5,000 Deposit Boost

St. Modwen Homes’ Deposit Boost incentive is valid on selected developments and plots only. The offer includes a gifted deposit contribution of £5,000 and is available for use by both first-time buyers and existing homeowners. The £5,000 deposit contribution is subject to lenders’ terms and conditions.  The offer is only available on homes that will be the applicant’s main residence and not for investment or second homes. This purchase option cannot be used in conjunction with any other offer including but not exclusive to First Time Buyer Boost, PX Max, Home Reach, Help to Buy, Part Exchange, Stamp Duty Holiday offer, Key Worker offer or Assisted Move. Offer is only available on new reservations from 03/05/2021 to 30/09/2021.

Other offers

Worker Dwellings at Meon Vale, Long Marston

Exclusively for individuals who currently work at the development and are employed in connection with a use authorised by the Planning Permission. Available on a selection of plots only, these plots are listed 104, 104a, 105, 106, 107, 108 only. These dwellings are advertised for workers for a period of no less than 3 months before they will be released for sale to the general public. Advertising started on 15th March 2021 for plots 104 and 104a.

Legals, Stamp Duty, Carpets & Flooring

All offers are subject to Terms and Conditions. Carpets & flooring from St. Modwen Homes standard range. Legal fees paid up to a maximum of £1,000. You must also be purchasing your only or main residence to qualify for stamp duty paid.

Furniture Pack

All furniture to be provided from St. Modwen Homes own suppliers.

Gift Vouchers / gifts

Vouchers will be supplied to the amount specified on the offer. Should a product no longer be available at the time of legal completion, St. Modwen Homes will provide an alternative to the value of the original.  Incentives receivable on legal completion only. No cash alternatives will be offered.

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