Offers
Part Exchange your way to a Cannon Kirk home
Part exchange is the perfect way to buy your new Cannon Kirk home. It's quick and hassle free so you can concentrate on what really matters: choosing your traditionally built, beautifully finished Cannon Kirk home.
With no agents fees you could save hundreds of pounds. With no chain you don't have to worry about finding a buyer.
Shared Ownership
Own 100% of your beautiful home but only pay 85% of the price
How does the Cannon Kirk Scheme work?
Mortgage finance is arranged on 85% of the purchase price. The remaining 15% becomes a second loan from Cannon Kirk secured on the property although there is no interest or rent payable.
When do I have to repay the 15% balance?
The 15% is repayable when you sell or transfer your home, or within 10 years, whichever is sooner.
Can I repay the 15% early without selling?
Yes, you can either repay in part or in full at any time, subject to valuation.
Are any other costs involved?
Solicitor’s fees and valuation fees will be payable by you on full or part repayment of the 15% balance.
How is the market value of the property determined?
The average of two independent valuations will be taken at point of resale, transfer, earlier repayment or at the end of the 10 year period.
What happens if I improve my property? Do I have to pass 15% of the increased value to Cannon Kirk?
No – the market value at the end of the period is less any major improvements.
What if the market value of my property decreases?
The repayment is 15% of the market value at the point of resale, transfer, or end of the 10 year period, even if this is less than the original purchase price.
Can I buy a property to rent out?
Sorry – the Cannon Kirk Scheme is only available for those buying a home as a place to live.
What happens if I cannot repay the 15% after 10 years?
In circumstances of genuine hardship, the position will be reviewed and the loan period may be extended up to a maximum of a further five years.
How do I apply?
You need to inform your Cannon Kirk Sales Advisor who will refer you to an Independent Mortgage Adviser. If you decide to proceed with a loan, you will be asked to use one of a number of independent solicitors recommended by Cannon Kirk.
Any Cannon Kirk home offer is subject to status, plot chosen and availability. Only one offer per application. Offers available on Legal Completion only. Cannon Kirk Homes part exchange and shared ownership terms and conditions apply.
How to get in touch
You can contact us using the information provided below, alternatively if you have any query or questions you can complete the form opposite and we will get back to you.
Highfields
Ely Road
Littleport
Ely
Cambs
CB6 1HQ
01353 862651
Fallowfields
Bowker Way
Whittlesey
Cambs
PE7 1PY
01733 200878
Romans Walk
North Kelsey Road
Caistor
Lincs
LN7 6SF
0800 028 7544